Hindalco Industries Ltd

Hindalco is short of capacity due to strong aluminium, copper demand: Satish Pai, MD

Hindalco expected to make gradual sequential recovery on back of better volumes, steady prices and lower cost

Buzzing stocks: LIC, Hindalco, Nalco, M&M, Mahindra CIE, Adani Green Energy, Nykaa, Dish TV, Shriram Properties, Wipro, Nykaa, Garden Reach, India Cements, ITDC, LMW, Piramal Pharma, 

Though any reduction in capex may impact growth, the silver lining is that financial and operational leverage may not turn negative for companies such as Hindalco as it did in earlier metal cycle

A year ago, Hindalco Industries had planned to spend $7.9 billion between FY23 and FY27, and now the much-reduced amount will be spent during FY24 to FY28

Consider entering the position if the premium rules between ₹28 and -₹32

Here is what the charts say about the shares of Godfrey Phillips, HDFC Life and Hindalco Industries

This can be initiated by selling 440-strike call of February series and simultaneously buying the same strike of March series

However, foreign portfolio investors’ stake hit a multi-year low of 17 per cent in overall Indian markets

JM Financial

Axis Securities