Analyst Corner: ‘Buy’ on Hindalco, Novelis margins to be above guidance

Scrap spreads hit new highs, Novelis margins to follow. The scrap market remains tight due to seasonal collection issues in the West; however, scrap prices continue to underperform strong primary aluminium prices in 4QFY21.

from The Financial Express https://ift.tt/39gRnLY
https://ift.tt/eA8V8J Kotak Institutional Equities