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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