Hindalco dives 15% on upward revision in Novelis capex; here are fresh share price targets

The Hindalco subsidiary's revenue from operations was down by 6.4 per cent Year-on-Year (YoY), while its profit was up by 10.1 times.

Hindalco is set to report its December quarter results on Tuesday (February 13, 2024).

Hindalco Share Price: The stock of Hindalco nosedived over 14 per cent on BSE on  Tuesday (February 13, 2024) after its subsidiary Novelis reported its results

and on a day when the parent company is set to announce its December quarter results.