Wednesday, 13 May 2015

Opinion on Indian Stock Market Tips Free

Hindalco Industries Ltd shares expected to fall after unit Novelis Inc's earnings lag some estimates.Novelis reports Q4 adjusted EBITDA of $201 mln.It is a 12 pct miss from adjusted EBITDA estimate of $230 mln by Religare, says analyst Pritesh Jani in a note.

Positive benefits from product mix shift were more than offset by unfavourable forex, falling local market metal premiums and unexpected North American hot mill outage early in 4Q15 - company filing.

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