Hindalco shares gain despite US-arm Novelis’ weak Q3 business update; CLSA maintains ‘outperform’
Hindalco Shares Gain on Positive Sentiment Despite Novelis’ Weak Q3 Update Hindalco Industries, a flagship company of the Aditya Birla Group, saw its shares rise by as much as 2% to ₹597 in early trade on January 9. This comes after its fully-owned subsidiary, Novelis, issued a preliminary business update for the third quarter of…