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).
Ajit Mishra of Religare Broking recommends Ashok Leyland, CG Power, and Nalco as top stock picks, noting that short-term momentum has strengthened.
Stock exchanges imposed penalties over non-compliance with SEBI's Board composition norms, while Nalco said appointments of independent directors are beyond its control.
State-run aluminium producer reported record first-quarter production and alumina sales, while higher global aluminium prices lifted profitability sharply
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.
The 1,080 MW thermal project in Odisha will supply electricity for Nalco's aluminium smelter expansion while integrating renewable energy and long-term coal supplies
State-run aluminium major reports highest-ever revenue and operational performance, supported by higher production, improved realisations and efficiency gains
State-run Nalco on Thursday reported a 16.6 per cent drop in consolidated net profit to Rs 1,722.44 crore for the quarter ended March 31, 2026, on the back of lower revenue and higher expenses. The company had posted a consolidated profit of Rs 2,067.23 crore in the year-ago period. Revenue declined to Rs 5,012.82 crore in the fourth quarter of FY26, compared to Rs 5,267.83 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in a filing to the stock exchanges. Total expenses of the Navratna public sector undertaking rose to Rs 2,898.30 crore as against Rs 2,633.80 crore in the year-ago period. The company's board also approved the third interim dividend of Rs 2 per equity share, amounting to Rs 367.33 crore for 2025-26. "Consequent to the introduction of the New Labour Codes w.e.f November 21, 2025, pending the promulgation of rules in this regard, the company, on a provisional basis, assessed its obligation and provided for Rs 20.30 crore during the current
Buying in the metal sector came amid an overall positive market amid optimism around progress in US-Iran negotiations, which helped ease geopolitical tensions and lift global investor sentiment
Buying in the sector came despite a setback in overall market sentiment, as tensions in West Asia resurfaced just a day after the United States and Iran agreed to a temporary two-week ceasefire
Nalco achieves record production and sales in FY26, with bauxite evacuation crossing 77 lakh tonnes and strong growth across alumina, aluminium and power operations
GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply
At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent
Nalco has asked the Odisha government to expedite land handover for its ₹30,000 crore expansion plan, including a new smelter, captive power plant and the Pottangi bauxite mine
Antique expects Nalco to benefit from the domestic aluminum market, projected to grow at a CAGR of 7.2 per cent through 2030
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
Nalco's revenue for the quarter was up 1.5 per cent Y-o-Y to ₹4,730.95 crore from ₹4,662.22 crore in Q3FY25. Sequentially, revenue rose 10.2 per cent from ₹4,292.34 crore
State-owned Nalco is transitioning its power-intensive smelting operations to renewable energy sources, and plans to set up 200-300 MW of green power capacity backed by battery storage to ensure a reliable supply and significantly cut overall carbon emissions. Nalco, which currently relies 100 per cent on coal-based captive power plants that account for 80 per cent of its carbon emissions, plans to ramp up its efforts to produce green aluminium, its Chairman-cum-Managing Director (CMD) Brijendra Pratap Singh said. The smelting process, which constitutes 35-40 per cent of production costs, draws power from in-house coal plants at Rs 3-3.5 per unit, while green power rates hover at Rs 4.5-5 per unit, he said. In a bid to address this, National Aluminium Company Ltd (Nalco) is pursuing power purchase agreements (PPAs), developing its own green power plants, and appointing a consultant to devise strategies for securing green energy at minimal cost with round-the-clock availability, he .
State-owned Nalco is open to venturing into mining of rare earth elements (REEs) with its bid advisor conducting due diligence on domestic auctions for REEs, magnesium and chromite blocks, its CMD Brijendra Pratap Singh Monday said. The move signals National Aluminium Company Ltd's (Nalco) diversification strategy beyond bauxite and alumina, targeting high-value critical minerals essential for electronics, defence, renewables and electric vehicles. REEs are important for magnets in wind turbines, EV motors and missile guidance systems. India, heavily import-dependent with negligible domestic output, views REE self-reliance as key to Atmanirbhar Bharat and reducing China's 80 per cent global dominance amid US-China trade tensions. In an interview to PTI here, the Chairman-cum-Managing Director (CMD) said the bid advisor will assess mine viability, optimal acquisition premiums and participation in upcoming auctions. "The bid advisor will assess if we should participate in domestic .
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.