The brokerage remains structurally positive on Hindalco, considering favourable LME, its strategic expansion aligned with a robust domestic outlook, and a strong balance sheet
Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.
Hindalco share price: Hindalco shares climbed nearly 7 per cent as aluminium prices increased due to supply disruptions in the Middle East
Stocks to Watch today, February 27, 2026: From Vishal Mega Mart to NBCC here is a list of stocks to remain on investors' radar
Hindalco's Q3 met expectations but analysts flagged risks from rising capex, Novelis disruptions and higher working capital needs, which could pressure leverage over the next four years
Individually, Hindalco and Nalco shares fell as aluminium prices peaked, which does not bode well for Indian aluminium companies, as it may impact their earnings, according to InCred Equities
Thus far in CY26, the Nifty Metal has been the best performing sectoral index that moved up around 10 per cent, ACE Equity data shows. In comparison, the Nifty 50 index lost nearly 1 per cent
Hindalco Industries posted consolidated profit after tax (PAT) of ₹2,049 crore in Q3FY26, down from ₹3,735 crore a year earlier
Exceptional losses linked to Oswego plant disruption drag profit, even as India business posts record PAT and supports revenue growth
Drumil Vithalani, technical analyst at Bonanza decodes trading strategy in Nifty Metal, as the index slumps over 9 per cent in two trading sessions.
Metal stocks today: Hindustan Copper, NALCO, Vedanta, Hindustan Zinc, Hindalco Industries and NMDC were down in the range of 6 per cent to 11 per cent on the NSE in Friday's intra-day trade.
These projects form part of Hindalco's broader growth capital expenditure programme, with around ₹37,000 crore planned for Odisha across upstream and downstream aluminium operations
At 11:15 AM on Wednesday; the Nifty Metal index was up 2.5 per cent, as compared to 0.6 per cent rise in the Nifty 50.
Move part of firm's ₹37K cr investment pipeline in Odisha
Hindalco said it planned to invest ₹ 21,000 crore in a smelter expansion with a capacity of 360,000 tonnes per annum at its Aditya Aluminium complex in Sambalpur
In the near term, analysts expect aluminium prices to remain firm, aided by lower inventories and production disruptions in China.
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Nifty outlook: Nifty has to cross and hold above 25,800 for strength to rebuild towards 25,900, then 26,000 marks, while support can be seen at 25,600 then 25,500 zones
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.