Preview: India's Hindalco inches up ahead of Q4 results; brokerages flag near-term risks

HindalCo Industries

22/05/2026 05:00

** Hindalco Industries HALC.NS shares rise 0.5% to 1,105 rupees ahead of Q4 results

** Analysts expect aluminium maker to post 14.4% fall in quarterly net income, with 11.6% rev growth YoY - LSEG data

** Phillip Capital says the stock may have limited upside in the near term

** While the long-term outlook remains positive, near-term challenges and a likely moderation in Utkal Alumina's performance could weigh on the stock after a strong Q4, it added

** Ambit Capital says the first half of FY27 should be strong, helped by seasonal demand, higher beverage-can demand linked to FIFA events, and better margins from scrap-based aluminium

** However, it warns of risks ahead, including tighter scrap supply as Oswego and Bay Minette increase production, stronger demand for recycled aluminium in China, and possible demand weakness if prices stay too high

** YTD, HALC up 24% vs 9.5% fall in Nifty 50 Index .NSEI

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))