Analysts say the decline in metal stocks is mainly due to profit-taking by investors. The index is up 15 per cent year-to-date (YTD).
Utkal Alumina International Limited (UAIL), a subsidiary of Hindalco Industries Ltd, has secured Aluminium Stewardship Initiative (ASI) Performance Standard Certification for its Baphlimali bauxite mine in Odisha's Rayagada district, a company statement said. The ASI is a global sustainability standards and certification organisation for the aluminium value chain. Its performance standard evaluates environmental, social and governance across operations, covering areas such as biodiversity, greenhouse gas emissions, community engagement, human rights, occupational health and safety, and responsible business practices. The statement claimed that UAIL is the first bauxite mine to achieve this certification. The company said that the certification covers the planning, mining, onsite crushing and conveyor transportation of bauxite from the Baphlimali mines, which have an annual production capacity of 8.5 million tonnes. The mines supply bauxite to Utkal Alumina's refinery operations and
The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27
Hindalco Industries on Friday said its consolidated net profit rose over 75 per cent year-on-year to Rs 7,013 crore in the June quarter, driven by increased revenues from aluminium and copper segments. The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said in an exchange filing. During April-June, the company's total income also increased to Rs 85,882 crore from Rs 64,834 crore in the year-ago period, posting a rise of around 32 per cent. The share of the aluminium upstream segment in the revenue was Rs 13,403 crore while copper's contribution was Rs 17,232 crore. Revenue from Novelis, the US-based aluminium producer and subsidiary of Hindalco Industries, was Rs 54,763 crore. Hindalco Industries Limited is the metals flagship of the Aditya Birla Group. A USD 31-billion metals powerhouse is the world's largest aluminium company by revenue and a major global player in copper and speciality ...
Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today
Post Novelis' earnings, Emkay Research has maintained its 'Add' rating on Hindalco Industries with a target price of ₹1,150.
HSBC had earlier upgraded Indian equities to "Neutral" from "Underweight" and raised its 2026-end target for the BSE Sensex index to 84,000 levels.
Hindalco Industries will invest Rs 50,000 crore in India over the next three years across upstream and downstream businesses and is evaluating an additional Rs 50,000 crore of growth opportunities, creating a potential Rs 1 lakh crore investment pipeline, its Chairman Kumar Mangalam Birla said on Thursday. Speaking at the company's 67th Annual General Meeting, Birla said, "Across our businesses, Hindalco is executing an unprecedented investment to enhance capacities in our mines, upstream and downstream operations in India. We have already earmarked Rs 50,000 crore for strategic growth projects across the value chain. Another Rs 50,000 crore of opportunities are being evaluated." This potential Rs 1 lakh crore investment pipeline will lift the company's growth trajectory and put the company in a strong position to meet India's demands for metal solutions. Hindalco Industries, he said, is investing across the value chain to build scale, strengthen resource security and create ...
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
In Tuesday's trade, metal stocks led by Vedanta tumbled up to 7 per cent. National Aluminium, Hindustan Zinc, Hindalco and Jindal Steel were the other major losers.
Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.
In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.
Hindalco Managing Director Satish Pai says new smelting, recycling and exploration projects could help India eliminate refined copper import dependence within two years
Hindalco expects high double-digit growth in domestic aluminium downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products
Stocks to Watch today, May 25, 2026: Shares of oil marketing companies will remain in focus today after petrol and diesel prices were raised by ₹2.61-2.71 per litre on Monday
The Aditya Birla Group company reported a sharp fall in quarterly profit as charges linked to fire disruptions at Novelis offset gains from higher metal prices
Hindalco share price rose nearly 4 per cent today after Novelis posted stronger Q4FY26 results and guided an earlier-than-expected Oswego restart.
Stocks to Watch today, May 20, 2026: BPCL, Karnataka Bank, Hindalco, Mankind Pharma, and JSW Energy are some of the key stocks to watch today