Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages said

Hindalco Industries’ shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% rise in consolidated revenue to Rs 78,133 crore. The company recommended a final dividend of Rs 5 per share. Analysts remain cautiously optimistic, with some raising target prices.