This Article is From Oct 09, 2014

Hindalco Surges; Rival Alcoa Earnings Beat Forecasts

Hindalco Surges; Rival Alcoa Earnings Beat Forecasts

Shares in Hindalco Industries jumped over 5 per cent to Rs158 on Thursday. Its global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices.

This Augurs well for the company's unit Novelis Inc, investors say.

Novelis is the world's largest producer of rolled aluminium products.

Copyright: Thomson Reuters 2014