CLSA and Kotak have recommended buying shares, while Nuvama suggests holding them, after Hindalco Industries reported a 48% drop in its Q4FY23 standalone net profit to Rs 832 crore. The consolidated PAT fell 37% YoY to Rs 2,411 crore, while revenue rose 5% YoY to Rs 55,857 crore. Despite the fall, outlook and leverage remain low, CLSA noted in its report, while Kotak trimmed its EBITDA estimate by 2.3%/0.3% for FY2024/25E, despite optimism that the stock remains inexpensive at 5.4X EV/EBITDA FY2025E.
Warren Buffett’s $11 billion oil bet is down 21% from 2025 peak. Will this be his oil regret 2.0?
One of Warren Buffett’s largest public equity investments is now deep in the red. Occidental Petroleum, in which Berkshire Hathaway holds a 28.2% stake, has
May 11, 2025