Hindalco’s shares plummeted 7% following subsidiary Novelis’s announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis’s adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
ACME Solar Holdings IPO subscribed 47% on Day 2. GMP falls to 2%
The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding,
November 7, 2024