Zinc COP for the quarter was 15% down as compared to last year, the company is now looking to adopt alternate fuel innovation and increase focus towards operational efficiencies to control the costs.
In commodities, Ram Pitre, director of Brics Securities suggested selling crude on a rally between Rs 4,020-4,030 per barrel for a stop loss of Rs 4,060 per barrel and a target of Rs 3,900-3,850 per barrel.
Rajini Panicker, head of commodities research at MF Global Commodities India recommended a short on Multi Commodity Exchange (MCX) crude oil contract at levels of 4,120 for a stop loss of Rs 4,185 per barrel and target of Rs 3,920-3,900 per barrel levels.
State-run National Aluminium Co has raised aluminium prices by Rs 2,000 rupees per tonne (USD 43.6) across all products, Chairman and Managing Director BL Bagra said on Friday.