Here’s why the stock of Hindalco Industries was buzzing on Friday
Crown Holdings, a global leader in packaging, reported a 5% growth in global beverage can shipments during the past quarter, with strong performance in key markets such as Brazil, Mexico, Europe, and the USA. This robust growth bodes well for Novelis, which is Hindalco’s aluminium flat-rolled products subsidiary and a major supplier of aluminium for beverage cans.
Crown Holdings, a global leader in packaging, reported a 5% growth in global beverage can shipments during the past quarter, with strong performance in key markets such as Brazil, Mexico, Europe, and the USA. This robust growth bodes well for Novelis, which is Hindalco’s aluminium flat-rolled products subsidiary and a major supplier of aluminium for beverage cans.
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