Hindalco stock gained over 6% on Wednesday’s trade after postponing Novelis IPO.
- 15:39 | June 5, 2024
Hindalco stock rallied over 6% on Wednesday’s trade
Hindalco stock closed higher by 6.46% on the NSE at ₹691. On the BSE, the stock ended the day’s trade at ₹690.95, higher by 6.82%.
- 14:42 | June 5, 2024
Hindalco surges 5%
The stock gained 4.90% on the NSE to trade at ₹680.85 as of 2.39 pm.
- 14:20 | June 5, 2024
Hindalco gains over 4%
Hindalco stock gained 4.60% on the NSE to trade at ₹678.90 as of 2.17 pm.
- 13:30 | June 5, 2024
Stock in focus: Hindalco
The stock surged 3.75% on the NSE, trading at ₹673.40 as of 1.28 pm.
- 13:13 | June 5, 2024
Hindalco in focus as subsidiary Novelis postpones US IPO
Hindalco stock trades higher by 2.50% on the NSE, trading at ₹665.30 as of 1.11 pm.
- 12:56 | June 5, 2024
Hindalco shares rose over 1%
Hindalco stock rose by 1.71% on the NSE, trading at ₹660.15 as of 12.53 pm.
- 12:06 | June 5, 2024
Hindalco stock in focus
The stock trades at ₹652 on the NSE, up 0.45% as of 12.03 pm.
- 11:46 | June 5, 2024
Hindalco stock plunged 6% in early trading on Wednesday
Bloomberg reported that shares of Hindalco plunged as much as 6.5% in early trading on Wednesday even as the country’s benchmark stock index rose. They slumped 6.7% on Tuesday amid the broad market selloff.
- 11:33 | June 5, 2024
Hindalco share price up 1%
The stock rises 1.02% on the NSE, trading at ₹655.70
- 11:17 | June 5, 2024
Sensex and Nifty gain amid high volatility; Novelis postpones IPO
Follow bl’s market live updates on Sensex, Nifty, BSE, NSE, share prices and Indian stock markets here
- 11:12 | June 5, 2024
Hindalco stock price on the NSE
Hindalco stock inched up 0.07% on the NSE to trade at ₹649.50.
- 11:12 | June 5, 2024
Hindalco’s Novelis IPO put on hold; enterprise value estimated at $17 billion
Hindalco Industries, an Aditya Birla group company, has postponed its proposed initial public offering of Novelis, a US subsidiary, to raise about $1.08 billion along with the greenshoe option.
The IPO was postponed due to adverse market conditions.
“Novelis will continue to evaluate the timing of the offering in the future,” the company said without providing further details.
- 10:42 | June 5, 2024
Hindalco stock performance on the BSE
Hindalco stock trades at ₹639.55, lower by 1.13% on the BSE as of 10.39 am.
- 10:08 | June 5, 2024
Hindalco share price in focus
Hindalco stock trades at ₹639.60 on the NSE, lower by 1.46% as of 10.06 am.
- 09:54 | June 5, 2024
Hindalco stock among top losers of Nifty 50 pack
The stock declined by 4.06% at 9.30 am.
- 09:52 | June 5, 2024
Hindalco stock in focus
Hindalco stock declined by 2.87% on the NSE, trading at ₹630.40 as of 9.51 am.
- 09:52 | June 5, 2024
Hindalco’s Novelis IPO put on hold; enterprise value estimated at $17 billion
Hindalco Industries, an Aditya Birla group company, has postponed its proposed initial public offering of Novelis, a US subsidiary, to raise about $1.08 billion along with the greenshoe option.
The IPO was postponed due to adverse market conditions.
“Novelis will continue to evaluate the timing of the offering in the future,” the company said without providing further details. Read more
Published on June 5, 2024
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