Indian aluminium miners rise as metal prices jump on supply woes

HindalCo Industries

30/03/2026 09:49

** Indian aluminium producers rise as metal prices surge amid supply fears due to Iran's attacks on Middle East plants

** Nifty metal .NIFTYMET hits more than one-week high, last up 0.3%

** NALCO NALU.NS shares jump 5.1% to 389.75 rupees; Hindalco HALC.NS rises 2.7% to 889.50 rupees

** Benchmark three-month aluminium on LME CMAL3 hit its highest since March 19 at $3,492 per metric ton

** HALC rated "hold" on avg by 27 analysts, median PT at 930 rupees; NALU rated "hold" on avg by 12 analysts, median PT at 350 rupees - data compiled by LSEG

** YTD, HALC up 0.1% vs NALU's ~24% climb, while the sub-index up about 0.3% vs Nifty 50's .NSEI 14.2% fall

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))