India's Hindalco on track for second weekly gain on strong aluminum prices

HindalCo Industries

29/05/2026 08:47

** Shares of metals maker Hindalco HALC.NS rise 8% so far this week, poised for a second consecutive weekly gain, if current trend holds
** Stock has risen in eight of the past nine weeks
** Shares rise as aluminum prices hit over four-year high during the week 
     ** Company on Monday projected steady Novelis earnings, strong domestic demand in 2027 
** BOB Capital Markets says outlook is positive, supported by improved domestic demand and incremental volumes from expansion projects over FY27-29
** Eleven of 30 brokerages rate the stock "buy" or higher, 13 "hold" and six "sell" or lower; their median PT is 1,105 rupees
** YTD, stock up 29.3% vs an 8.7% fall in Nifty 50 Index .NSEI 



 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))