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NALCO, Hindalco rally up to 4% as aluminium prices rebound
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.
Wait for better entry points in metal stocks, JSW Steel and Hindalco top picks: Axis Securities
Aditya Welekar, Senior Research Analyst- Metals, Axis Securities, ranked JSW Steel as his preferred ferrous stock and Hindalco as the top non-ferrous pick. The brokerage also expects aluminium prices to remain around $3,000 per tonne in FY27 and continues to recommend APL Apollo Tubes with a target price of ₹2,250.
Metals, Mining Q1 Results Preview: Hindalco, Tata Steel Among Axis Securities Top Picks— Check Ratings, Target Prices
Domestic flat steel markets remained subdued in early July due to weak seasonal demand and monsoon-related disruptions.
Hindalco Share Price Live Updates: Hindalco's Stock Gains 1.72% in One Week
Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit
Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium industry.
Hindalco Industries Ltd rises for third consecutive session
Hindalco Industries Ltd is quoting at Rs 976.1, up 2.4% on the day as on 12:49 IST on the NSE. The stock is up 41.03% in last one year as compared to a 4.02% drop in NIFTY and a 33.49% drop in the Nifty Metal index.
Hindalco Share Price Live Updates: Hindalco's Stock Update
Record Date Alert: 15 companies set to see corporate actions for dividend, bonus this week
More than 15 stocks, including multiple Nifty 50 constituents, such as Titan, Hindalco, JSW Steel, and Sun Pharma are set to see record dates for their respective corporate actions announced earlier, alongside their fourth quarter results. While most of these corporate actions pertain to final dividend announcements, some also include bonus issue awards as well.
Dividend Stocks This Week: Nestle India, Hindalco, Titan, Axis Bank, Among Others — Check Record Dates
Dividend Stocks This Week: Several blue-chip majors will trade ex-dividend this week
Adani-IHC foray may rejig India's aluminium market mix
Adani Group is set to disrupt India's aluminium market with an $11.5 billion venture, challenging Hindalco and Vedanta. The project, slated to add nearly 50% to national output in five years, leverages Adani's low-cost energy advantage. This significant expansion aims to meet rising domestic demand, with a substantial portion of bauxite sourced from Odisha, creating over 53,000 jobs.
Hindalco Share Price Live Updates: Hindalco's Stock Down by 3.06% This Week
'Higher-for-longer' aluminium cycle to lift producer stocks
Indian aluminium giants Vedanta Aluminium and Hindalco Industries are poised for significant gains, with analysts predicting around 20% growth over the next 9-12 months. Despite recent price dips, a global supply deficit is expected to bolster metal prices. Investors are advised to capitalize on the current market correction to accumulate shares, anticipating strong performance driven by cost improvements, volume expansion, and stabilizing international operations.