BusinessPhoto: NDTV BusinessHindalco Reports Record Q2 Profit Amid Mixed Aluminium Outlook
Hindalco posted a record quarterly profit with strong earnings driven by its aluminium and copper businesses. Q2 revenue reached Rs 91,708 crore, up 8.1% sequentially, and net profit rose 7.4% to Rs 7,532 crore. Brokerages are divided on aluminium's near-term outlook, with CLSA raising its target price to Rs 1,280, Citi cutting to Rs 1,050, and Kotak maintaining a Rs 1,200 target amid cost pressures and recovery concerns at Novelis.
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