In the June quarter, Vedanta’s performance was a bit lower than expected.
Against estimates of Rs 221 crore, the company posted a net profit of Rs 251 crore.
Select companies are also not getting money from banks, which are reluctant to fund HAM projects.
With Aleris, Novelis’ capacity will increase by 1 mt to 4.3 mt.
At the beginning of the July expiry, maximum open interest for call was at 11,000.
Ambuja posted a net profit of Rs 499 crore against Bloomberg’s estimate of Rs 333 crore.
Net profit stood at Rs 571 crore, up 30 per cent year on year, much ahead of expectations.
Net sales for the quarter jumped 13%, albeit on a lower base.
China is the biggest producer of metals and its currency movements can impact global commodity prices.
The company has shared the financials only for the last three fiscals.
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