India, Aug. 10 -- A leading Indian metals and mining major's US-based aluminium rolling and recycling subsidiary has posted a sharply improved June-quarter performance, adding fresh weight to the parent company's earnings story. The subsidiary's better pricing, richer product mix and steadier plant execution are now feeding directly into how brokerages are framing the stock's near-term outlook.

Hindalco Industries shares ended Monday's session 0.52% lower from Rs.1,059.60 to Rs.1,054.05, with a P/E of 14.52 times. The company's market capitalisation stands at around Rs.2,36,868.91 crore.

Novelis Delivers a Strong Quarter Novelis reported adjusted EBITDA of $516 million for the quarter, up 24% year-on-year, while EBITDA per tonne improv...