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    Hindalco Industries: Should you look at the stock amidst the near-term headwind?

    Investors need to focus on the Novelis business, given that it remains the largest contributor to profitability

    Nandish Shah
    May 25, 2023 / 09:19 AM IST
    Hindalco Industries: Should you look at the stock amidst the near-term headwind?

    The Q4FY23 results of Hindalco Industries were above Street expectations.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights June 2023 quarter will witness the peak of cans de-stocking at Novelis Capex spent at Novelis in FY24-25 to keep free cash flow negative India capex to be through internal accruals EBITDA at copper business to be impacted in June 2023 quarter Investors with a higher risk appetite can add and accumulate stock   The Q4FY23 results of Hindalco Industries (CMP: Rs 407; Market capitalisation: Rs 91,494 crore) were above Street expectations. Net debt saw quarter-on- quarter (QoQ) reduction of 19 percent on the back...

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