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VERIFIEDET Stocks·negative
Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages said
AI Summary
- ·Hindalco Industries reported a 51% year-on-year decline in net profit to Rs 2,597 crore for the March quarter.
- ·Consolidated revenue increased by 20% year-on-year to Rs 78,133 crore.
- ·The company recommended a final dividend of Rs 5 per share.