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Hindalco shares jump 4% on announcement of capital allocation framework, debt reduction plan; brokerages raise target price

Updated : February 23, 2021 12:41 PM IST

The company board also approved amending the dividend distribution policy on February 22.
The stock rose as much as 4.1 percent to its 52-week high of Rs 329 per share on BSE.
The firm further announced a $2.6 billion debt reduction plan by Novelis and a $0.3 billion debt reduction plan by Hindalco.
Hindalco shares jump 4% on announcement of capital allocation framework, debt reduction plan; brokerages raise target price

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