Among others - Ashok Leyland, India Cements, Laurus Labs, Federal Bank, Shriram Finance, Hindalco, Vedanta and NALCO shares were also trading at life-time highs in Monday's trading session.
Metal stocks in demand: Analysts expect non-ferrous players to witness margin expansion in Q3 with LME prices continuing an uptrend compared to Q2.
Among other metal shares, GMDC soared 7 per cent, while NALCO gained 4 per cent and was seen trading near its life-time in trades on Friday.
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If current spot prices for aluminium, zinc and silver hold through FY27, Emkay estimates Vedanta and Nalco to see Ebitda upgrades of about 5.5 per cent and 4.9 per cent
Technical charts suggest that Tata Steel, Hindalco and National Aluminium can potentially rally up to 10%; here are the key levels to watch out for on these metal stocks.
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
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State-owned National Aluminium Company Ltd (Nalco) on Friday reported a 36.7 per cent rise in consolidated profit to Rs 1,429.94 crore in the quarter ended September 30, 2025. The company had posted a consolidated profit of Rs 1,045.97 crore in the year-ago period. The consolidated revenue from operations during the July-September period rose to Rs 4,292.34 crore against Rs 4,001.48 crore in the year-ago period. Nalco has lined up an investment of Rs 30,000 crore to set up a new aluminium smelter and a coal-based power plant over the next five years. Of this, Rs 18,000 crore has been earmarked for the smelter and Rs 12,000 crore will be spent on the thermal power plant. Nalco also plans to be a Maharatna firm in another five years. Nalco, a 'Navratna' company, is one of the country's largest bauxite, alumina, aluminium and power complex. Currently, the government owns 51.28 per cent stake in the PSU.
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.
The state-run aluminium producer plans to allocate about ₹18,000 crore for establishing the proposed smelter in Odisha, Chairman Singh added
Nalco' board of directors also approved a final dividend of ₹2.5 per share for 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.