Hindalco and National Aluminium Company shares fell Tuesday. A brokerage firm downgraded both companies. They cited weak growth prospects for the coming quarters. Aluminium prices are expected to decline. Hindalco’s large capital expenditure could impact its balance sheet. NALCO’s expansion coincides with softening alumina prices. Earnings for both companies are projected to fall.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets