Indian metal stocks gain on aluminium rally; Hindalco leads

HindalCo Industries

05/03/2026 06:00

Updates

** Indian metal stocks .NIFTYMET gain 3.5%, tracking a surge in global prices

** Sub-index biggest gainer among sectoral indexes

** Aluminium extends gains on supply fears after Aluminium Bahrain ALBH.BH, one of world's biggest aluminium smelters, declares force majeure, halting shipments as Strait of Hormuz faces near-total shipping freeze MET/L

** Shanghai aluminium SAFcv1 adds 3.55% to 25,365 yuan/ton by 0215 GMT

** LME three-month aluminium CMAL3 up 0.81% at $3,369.50/ton after touching nearly four-year high on Wednesday

** Hindalco HALC.NS leads gains in NIFTYMET, blue-chip Nifty 50 .NSEI, which is up 0.8%

** HALC jumps 6.5% to 982 rupees; set for best day since April 11, 2025

** HSBC says higher LME aluminium positive for co

** Stock rated "hold" on average; median PT is 913 rupees, per data compiled by LSEG

** YTD, NIFTYMET up ~9%; Hindalco up 10%

 (Reporting by Komal Salecha, Yagnoseni Das in Bengaluru)

 ((Komal@thomsonreuters.com))