percent more, some power companies are facing huge losses unless they push up power customer prices, something state governments are resisting.Last week, India's National Aluminium Company, which uses large
that not to forget that Hindalco has lowest cost of production vis--vis aluminium. Copper prices have also eased up in recent past and that has been kind of aiding this stock."He further added, "Whenever we see crack
for targets of 107 levels.MCX Zinc May : Sell around 100.50 levels with a stop loss placed above 102 levels for targets of 98 levels.MCX Aluminium May : Sell around 101 levels with a stop loss placed above 102
DSP BlackRock Mutual Fund has decreased its investments from information technology, metals & mining and tobacco sector in the month of April, 2013. Sterlite Industries (India), Jaiprakash Associates and Gujarat Pipavav Port were the top sells.
Hindalco Industries board meeting will be held on May 28, 2013, for consideration of the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2013 and recommendation of dividend for the Financial Year 2012-13.
Shares in copper refiners gain on expectations of better realisations after the metal rose more than 6 percent on Friday, its strongest daily gain in 18 months, as economic stimulus moves by the RBI raised investor confidence over growth of industrial metals demand.
levels.MCX Zinc May : Buy around 99 levels with a stop loss placed below 97 levels for targets of 101.50 levels.MCX Aluminium May : Buy around 98 levels with a stop loss placed below 97 levels for targets