Aditya Birla group company Hindalco Industries today reported its fiscal third quarter consolidated net profit fell 63% on-year to Rs 1362 crore, as the company battled ‘rising input costs and unfavourable macros’. Hindalco’s revenue for the quarter ended 31 December 2022 rose 6% on-year to Rs 53,151 crore, mainly helped by better realisations and higher volumes in India business, the compan...

NSE Nifty 50 index successfully cleared the short-term resistance of 18000/60350 and succeeded to close above the same on Tuesday, which is broadly positive. In addition, on daily and intraday charts, it is holding uptrend continuation formation, which supports further uptrend from the current levels. We are of the view that, the short term texture of the market is on the bullish side but due to t...

Here is the list of top 10 stocks that will be in focus todayNDTV: Adani group on Tuesday launched a hostile takeover bid of NDTV, with an open offer to acquire an additional 26% or 1.67 crore equity shares for up to ?493 crore. Three Adani group firms - Vishvapradhan Commercial Pvt Ltd (VCPL) along with AMG Media Networks and Adani Enterprises Ltd - have come out with a public announcement for th...

Domestic stock exchanges will resume trading today after a day’s hiatus on account of Muharram. Entering Wednesday’s trade, SGX Nifty was down with losses, suggesting a flat to negative opening for BSE Sensex, NSE Nifty 50. Global cues were weak after Wall Street closed in the red on Tuesday. “Nifty has decisively surpassed the hurdle at 17,400, and we’re now eyeing 17,800. Apart from the...

Shares of Hindalco Industries surged over 2% to Rs416 apiece on the BSE after Aditya Birla Group firm posted a 99.7% rise in its consolidated net profit at Rs3,851 crore for the quarter ended March, 2022. Its consolidated revenue from operations increased to Rs55,764 crore as against Rs40,507 crore in the same quarter of FY21.“The management’s guidance on Novelis is positive. Its long-term out...