Despite the soft quarter, JM Financial continues to highlight Tata Steel, JSPL, and Hindalco as top picks in the metals space.
Metal stocks were in demand on Wednesday amid buzz that the government may reallocate non-operational iron ore mines held by SAIL and OMC.
Hindalco share price: With steady quality, value, and momentum, Hindalco share presents a consistent and resilient investment choice.
The Hindalco plant, which will be in Andhra Pradesh's Kuppam, will supply aluminium for the production of Apple's iPhone chassis
At its AGM, Hindalco unveiled a $10 billion investment plan over five years to expand aluminium, copper and alumina operations, with its Dahej smelter set to become the largest outside China
Hindalco stock jumped 6% on Wednesday after the company delivered robust results driven by a strong performance by the India business, and a resilient performance by Novelis.
50% US tariffs on aluminium exports may impact Novelis
Novelis believes this $60 million tariff impact can be mitigated through increased US (local) production, customer pass-throughs, and cost takeout programmes
The aluminum major's revenue from operations for Q1 FY26 rose 12.7 per cent Y-o-Y to ₹64,232 crore from ₹57,013 crore in Q1 FY25
At 11:48 AM; Nifty Metal index, top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.2 per cent decline in the Nifty 50.
At 02:49 PM; Nifty Metal index was the top gainer among sectoral indices, up 2.2 per cent, as compared to 1 per cent rise in the Nifty 50.