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.
ETMarkets Smart Talk: ‘Too Old to Rally, Too Young to Fall’ – Kedar Kadam on navigating markets in FY26
Kedar Kadam of Dolat Capital anticipates muted returns in Indian equities for the rest of FY26, emphasizing stock picking and sector rotation. He advises monitoring
July 9, 2025