NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates

Quick Summary:

It has achieved its best-ever performance in domestic metal sales for H1FY25, recording the highest cumulative domestic metal sales of 221,966 MT during the period.

Among the individual stocks, NALCO has rallied 9 per cent to Rs 240.20 on the back of nearly two-fold jump in average trading volumes.

This has led to a surge in LME aluminium prices by 8 per cent, reaching $2,730 per tonne.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Market news Vedanta Copper products Hindalco Industries ICICI Securities Markets Aluminium NALCO National Aluminium Company shares Export tax rebates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 11:38:54 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23650400

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