Synopsis :

Hindalco shares fell 3% after its US subsidiary Novelis reported a second fire at its Oswego plant within two months, raising concerns over operational disruption, and delayed restoration efforts despite no injuries.

This company is a flagship company of the Aditya Birla Group and engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets is now in the focus after its US unit reported second fire in two months.

With market capitalization of Rs. 1,75,411 cr, the shares of Hindalco Industries Ltd are currently trading at Rs. 781 per share, dropping 3% in today’s market session making a low of Rs. 776.05, from its previous close of Rs. 799.60 per share. The stock has gained 21% over the past year, delivered 18% returns i

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