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Hindalco is this week's stock pick; here's why
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The aluminium and copper manufacturer’s June quarter performance will be impacted by the decline in non-ferrous metal prices, continuing weak performance of its arm, Novelis, and lower copper sales amid maintenance-related shutdowns. The LME prices of copper and aluminium fell by 7.6% and 11.2%, respectively, between 31 March and 30 June.
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