Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast
Hindalco Industries experienced a significant drop in its share price, falling over six percent during early trading, following a report from its U.S.-based subsidiary, Novelis Inc., revealing a decline in quarterly earnings. Novelis posted an 18% year-on-year decrease in net income, amounting to $128 million for Q2 of FY 2024-25. The decline stemmed from a […]