Non Ferrous Metals · HNDL
Aluminium
from 1,040 today
Novelis' Q1FY27 EBITDA beat estimates, driven by insurance proceeds and marking the start of a multi-quarter recovery. We upgrade the stock to BUY with a target price of INR 1,200, supported by structural cost initiatives, volume growth from the Oswego restart and Bay Minette commissioning, and a strong domestic business.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
