India, Nov. 6 -- The shares of the Large-cap company, which specialises in manufacturing aluminium and copper products, are in focus after its subsidiary, Novelis, reported its Q2FY27 results. While adjusted EBITDA increased during the September quarter, underlying operating performance remained under pressure, alongside a rise in net debt.

With a market capitalization of Rs. 2,02,486.35 crores in the day's trade, the shares of Hindalco Industries Ltddeclined upto 5.1 percent, reaching a low of Rs. 891.60 per share compared to its previous closing price of Rs. 940.00 per share.

What Happened Novelis reported a 20.4 percent YoY increase in adjusted EBITDA to $508 million in Q2FY27, compared with $422 million last year. EBITDA per tonne...