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Hindalco Industries Limited (HINDALCO.BO)
| Previous close | 695.90 |
| Open | 704.95 |
| Bid | 642.00 x 0 |
| Ask | 651.95 x 0 |
| Day's range | 594.00 - 704.95 |
| 52-week range | 407.30 - 714.85 |
| Volume | |
| Avg. volume | 317,620 |
| Market cap | 1.447T |
| Beta (5Y monthly) | 1.41 |
| PE ratio (TTM) | 14.17 |
| EPS (TTM) | 45.65 |
| Earnings date | 06 Aug 2024 - 10 Aug 2024 |
| Forward dividend & yield | 3.00 (0.43%) |
| Ex-dividend date | 14 Aug 2023 |
| 1y target est | 305.58 |
ReutersAluminum recycler Novelis targets up to $12.6 billion valuation in US IPO
(Reuters) -Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is targeting a valuation of up to $12.6 billion in its initial public offering in the United States, the aluminum products maker said on Tuesday. The world's largest recycler of aluminum, whose customers include Coca-Cola, Ford, Jaguar LandRover, said its parent is looking to raise up to $945 million through the sale of 45 million shares at a price of $18 to $21 per share. After being on ice for the last two years, the IPO market is on the road to recovery as a booming stock market and economic resilience spur companies to list their shares.
ReutersAluminum products maker Novelis makes US IPO filing public
The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter. Novelis, a leading producer of flat-rolled aluminum products, did not immediately respond to a Reuters request for comment for more details on the IPO.
- Reuters
UPDATE 3-Aluminum products maker Novelis makes US IPO filing public
Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter.
