India's Hindalco Industries rises after AV Minerals buys Novelis shares

HindalCo Industries

25/02/2026 06:05

** Shares of Hindalco Industries Ltd HALC.NS rise as much as 2.5% to 946 rupees
** Co's unit AV Minerals agreed to purchase 1.3 mln of Novelis’common shares for $200 mln
** Stock on track to gain for 2nd straight day
** Mean rating by 28 analysts who cover the stock is 'hold'; median PT is 913 rupees -- data compiled by LSEG
** HALC last up 2%, adding to YTD gains of 4.1%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))