Nalco, Hindalco & Vedanta Shares Surge Almost 10% On NSE

NALCO, Hindalco Industries and Vedanta shares surge up to 7%. Here's why
China’s decision to cancel this tax rebate, which has long supported its export-driven aluminum industry, sparked a sharp rally in aluminum prices on the London Metal Exchange on Friday. The move is expected to curb the excessive supply of Chinese aluminum abroad.
NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates
The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said
Nalco, Hindalco & Vedanta Shares Surge Almost 10% On NSE After China Rolls Back 13% Tax Rebate On Copper & Aluminium Products
The NALCO (National Aluminium Company), Hindalco, and Vedanta shares zoomed almost 10 per cent on the NSE (National Stock Exchange) after China rolled back a 13 per cent tax rebate given on copper and aluminium products.
NALCO shares surge over 9% on five-fold jump in quarterly profit
Shares of National Aluminium company limited (NALCO) gained above 9 per cent on November 18 as the consolidated net profit quintupled to ₹1,062 crore for the second quarter ended on September 30, 2024,
Metal Stocks Outshine Amid China's New Tax Rebate Removal; Hindalco, Vedanta, Nalco & Others Soar
The shares of Indian metal giants like National Aluminium Company (NALCO), Hindalco Industries, and Vedanta experienced significant gains on Monday, November 18, driven by a sharp rise in aluminium prices following China’s proposed removal of export tax rebates for commodities such as copper and aluminium.
NALCO shares end 8% higher; Hindalco, Vedanta gain 3% each post China's latest move
Chinese Aluminium exports represent 15% to 16% of the country's total production and 20% to 22% of production outside China.
Nalco, Hindalco, Vedanta shares rise up to 9% as China cancels export tax rebates for aluminium
Any tightening of the supply of aluminium and aluminium products globally are expected to benefit Indian producers.
NALCO shares rally 5% after Q2 profit rises multi-fold to Rs 1,046 crore
National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September ...
Nalco, Hindalco, Vedanta rally up 10%; why these metal stocks are shining brighter
Indian aluminium companies were rallying higher on Monday as China said it would cancel export tax rebates, fuelling worries ...
NALCO Q2 net surges 415 per cent to ₹1,062 crore
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NALCO Q2 FY25 Results: Net Profit Soars 415 per Cent to Rs 1,062 Crore
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NALCO’s net profit zooms 415 per cent to Rs 1 062 crore
Bhubaneswar, Nov 13 (PTI) National Aluminium Company Limited (NALCO) has posted an impressive 415 per cent growth in net profit for the quarter ended September 2024 at Rs 1,062 crore, compared ...