Hindalco Industries shares surged 4.5% to hit their 52-week high of ₹1,154 during intraday trading on Wednesday, May 27, 2026, with trading volumes crossing 4.8 million shares across both stock exchanges. According to NSE data, the stock touched its 52-week high while the 52-week low was at ₹618 on June 2, 2025. The company's market capitalisation was trading at over ₹2.57 lakh crore as of Wednesday's session. As per Investing.com data, global aluminium prices have risen more than 2% in the past month and 16.85% in the last three months due to demand and supply dynamics in the market amid the supply chain crisis in West Asia. With higher demand in the market along with elevated energy costs, aluminium prices have rallied with key support from geopolitical supply crisis and raw material crunch in the global market.
In the March quarter results, Hindalco's consolidated net revenues rose 20% to ₹78,133 crore compared year-on-year with ₹64,890 crore in the same period a year ago, according to NSE filings. Although the consolidated net profits dropped 51% to ₹2,597 crore in the fourth quarter from ₹5,284 crore, the company's metal production operations resulted in a topline revenue growth of 52% year-on-year. The company incurred a one-time exceptional expense of ₹4,171 crore due to a fire in the US-based Novelis' Oswego plant. The consolidated financial statements showed that Hindalco's copper business segment expanded 52% to ₹22,256 crore, while the aluminium business segment's upstream revenues rose 11%, and the downstream segment revenues expanded 25% in the fourth quarter.
According to Investing.com data, global aluminium prices have risen more than 2% in the past month and 16.85% in the last three months due to demand and supply dynamics in the market amid the supply chain crisis in West Asia. With higher demand in the market along with elevated energy costs, aluminium prices have rallied with key support from geopolitical supply crisis and raw material crunch in the global market. A rise in aluminium prices is beneficial for Hindalco as the upstream metal manufacturer aids its operating margins and profitability from increased prices.
The consolidated financial statements showed that Hindalco's copper business segment expanded 52% to ₹22,256 crore, while the aluminium business segment's upstream revenues rose 11%, and the downstream segment revenues expanded 25% in the fourth quarter. The company's copper business segment was the primary driver of growth, significantly outperforming other segments during the quarter.
Analysts from Morgan Stanley predict that Hindalco is set to outperform its industry peers in the next two months on the backdrop of tighter aluminium demand-supply outlook in the market. The analysts noted that India business is expected to benefit from strong structural demand and higher aluminium prices. Morgan Stanley also expects Novelis recovery from FY28 led by Bay Minette ramp-up and Oswego normalisation, with the company's strong free cash flow generation and deleveraging opportunities supporting value unlocking opportunities. Citibank analysts said after its Q4 results that the company is poised to see positive momentum cues from the Bay Minette profitability, increased smelting capacity in India and the company's own captive coal mining operations that will support the business internally. According to NSE data, Hindalco shares have given more than 198% returns on the investment in the last five years, over 178% gains in the last three years and more than 74% returns in the past one-year period.
