Hindalco shares declined on Friday after reports pointed to a fire incident at Novelis' Oswego plant in the US.
HSBC on steel stocks: HSBC sees further upside in metal stocks as demand rises and imports stay restricted by policy support. Hindalco and Tata Steel get Buy ratings; Hindustan Zinc rated Hold
Hindalco Industries reported a 21.3% rise in consolidated net profit to Rs 4,741 crore in Q2FY26, driven by aluminium business gains and Novelis' strong performance despite challenges
Hindalco's profit surge was driven by a strong performance by its India business, and a resilient performance by its global subsidiary, Novelis, the company said
Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by $550-650 million due to a fire incident at its plant in New York in September.
Thus far in the calendar year 2025, Hindalco (up 44%) and SBI Life (up 37%) have outperformed the BSE Sensex, which rallied 7.7%.
Vedanta, Hindalco and National Aluminium were seen trading on a buoyant note in Friday's trade amid rising aluminium prices on the LME; and can potentially rally another 18%, suggest tech charts.
In the past one month, Hindalco has outperformed the market by gaining 11 per cent, as compared to 3.4 per cent rise in the BSE Sensex; here are the key reasons behind the rally.
JP Morgan has raised Tata Steel's share price target to ₹195 from ₹180, implying an upside potential of 14 per cent from current levels.
Hindalco stock rose 2% on Friday. Looking ahead, the management expects the company's integrated business model, strategic investments and cost discipline to help deliver sustained growth.
These stocks carry a Buy rating from MOFSL analysts, rank highest in our Quant model, balancing value, quality, momentum, and earnings surprise
Spike in copper prices, extension of Rakha mining lease deed by another 20 years seems to be the key reasons behind the sharp rally in Hindustan Copper stock.
After a flat performance over the past 12 months (up just 3.85%), analysts see Hindalco stock set for a rebound, supported by a combination of commodity dynamics and company-specific factors.
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