Hindalco shares are up 32 per cent in the last six months. Nuvama Institutional Equities has upped its FY25 and FY26 consolidated Ebitda estimates by 13 per cent and 12 per cent, respectively.
Brokerage firm Nuvama maintained a hold rating on Hindalco, Jefferies downgraded Biocon to underperform, Elara Capital recommended an accumulate rating on Zomato and Sharekhan recommended a buy rating on Schaeffler India.
Novelis Inc has confidentially submitted a draft registration statement on form F-1 with the SEC relating to the proposed primary stake sale of its common shares.
Hindalco share price: Hindalco share price surged nearly 5% to Rs 536 in Wednesday s intraday trade on BSE after the firms subsidiary Novelis filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).