Hindalco shares will react to Novelis earnings beat; debt remains an overhang

Hindalco shares will be in focus on Thursday, August 6, after its US subsidiary Novelis reported better-than-expected operational performance for the June quarter. While adjusted EBITDA grew 13% year-on-year, net debt rose 17% to $7.9 billion. Many analysts said this debt remains a key concern for the company moving forward.