BUZZ-PREVIEW-India's Hindalco Industries slides ahead of quarterly results

Reuters02-12 13:02
BUZZ-PREVIEW-India's Hindalco Industries slides ahead of quarterly results

** Shares of India's Hindalco Industries HALC.NS slide 1.1% to 955.70 rupees, ahead of third quarter results

** Street to watch impact of fire-related disruption at co's US subsidiary Novelis, a key earnings driver

** Co said on Wednesday the fire at Novelis' New York plant last year could hit 2026 cash flow by $1.3 bln–$1.6 bln, and restart is expected toward the second-quarter end

** Jefferies ("hold", PT:855 rupees) estimates fire disruption likely weighed on Novelis' December-quarter performance, with idle capacity, higher cost,s and lower shipments

** Ambit Capital("Sell", PT:730 rupees) flags earnings pressure from repair expenses, fixed costs, and supply disruption linked to plant outage

** Stock rated "hold" on average by 28 analysts, median PT at 868 rupees - LSEG data

** HALC gained 47.2% in 2025, stock up about 9% so far in 2026

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

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