Hindalco’s shares surged 2% on the BSE during Wednesday’s trading session, reaching a peak of Rs 695 for the day. This rise followed news that its subsidiary, Novelis, had filed to offer 45 million shares in its US initial public offering (IPO), with a price range of $18 to $21 per share.
Smallcaps still overvalued? HDFC Securities’ Unmesh Sharma flags 2 key risks
In this overall, uncertain global environment, India seems better placed. Currently, we are out of the cross hairs from the tariff perspective but need to