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Market Trading Guide: Buy Hindalco and Waaree Energies on Friday for near term gains up to 8%
Nifty 50 snapped its five-day rally, falling sharply due to selling in financial, auto, and FMCG stocks. Analysts retain a positive outlook, recommending buy-on-dips, while highlighting key resistance at 24,000 and support near 23,500 amid ongoing volatility.
JPMorgan assigns overweight tag to Hindalco and Vedanta
JPMorgan has upgraded Hindalco Industries and Vedanta Limited to 'overweight', setting price targets of ₹1,125 and ₹850 respectively. The brokerage anticipates a sustained upcycle in aluminium prices due to supply disruptions, particularly from the West Asia conflict, predicting a sharp tightening of ex-China aluminium markets.
JPMorgan turns bullish on these two aluminium stocks, sees up to 22% upside
JPMorgan believes earnings have bottomed for Hindalco's unit Novelis. It also sees better profitability for Novelis as the Oswego plant restarts operations and due to the benefit from higher scrap spreads.
Vedanta, Hindalco just got upgraded by JP Morgan: How Iran war may benefit these 2 metal stocks
JPMorgan upgraded Hindalco Industries and Vedanta to overweight, citing higher aluminium prices driven by West Asia tensions. The move boosted both stocks, with JPMorgan also raising price targets, indicating 20–22% upside and strong earnings growth ahead.
Rajesh Palviya of Axis Sec suggests ACME Solar, Shriram Finance, Hindalco shares to buy today
On March 20, Nifty 50 and Sensex opened higher after a significant drop, buoyed by easing oil prices. The indices experienced a decline of 3.3% previously, with HDFC Bank losses leading. ACME Solar shows bullish momentum while Shriram Finance and Hindalco indicate bearish trends.
Hindalco Share Price Live Updates: Hindalco's Performance Overview
Hindalco Share Price Live Updates: Hindalco's beta indicates a dynamic trading environment
Ultratech Cement, Hindalco, Grasim Industries, JSW Steel, among top gainers on March 16 amid volatile market; NIFTY50 trades above 23,100 - Upstox
Ultratech Cement, Hindalco, Grasim Industries, JSW Steel, among top gainers on March 16 amid volatile market; NIFTY50 trades above 23,100Upstox
Hindalco expects rise in exports as war disrupts aluminium supply
Hindalco Industries anticipates a surge in aluminium exports to Japan, Korea, and Taiwan due to supply disruptions in the Gulf region caused by the ongoing war. The company is well-positioned to capitalize on rising aluminium prices, which have crossed the $3,500 per tonne mark. Hindalco also clarified that its aluminium extrusions business operations remain unaffected.
Metal stocks in focus: JSW Steel, Jindal Stainless, Hindalco on investors' radar today
While JSW Steel has announced plans to develop a coking coal mine in Mozambique, Jindal Stainless has flagged fuel availability constraints impacting plant operations. Meanwhile, Hindalco has clarified that its aluminium extrusions operations have not been halted following a recent news report.
Stocks to watch, March 16: IndiGo, Adani Power, Adani Total Gas, Ramky Infra, Waaree Energies, Zydus Life, JSW Steel, Hindalco - Upstox
Stocks to watch, March 16: IndiGo, Adani Power, Adani Total Gas, Ramky Infra, Waaree Energies, Zydus Life, JSW Steel, HindalcoUpstox
Hindalco halts production of extruded aluminium products due to Iran war
The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.