Hindalco shares jump over 6% in 3 days, hit record high on copper and aluminium rally

Shares of Hindalco Industries extended their winning streak on Monday, rising as much as 1.5% to a record Rs 836.20 on the BSE, their highest in 52 weeks, as a rally in global metal prices and renewed optimism over a potential U.S.-China trade agreement lifted sentiment. The stock has now gained 6.5% in just three sessions, pushing its year-to-date rise to over 40%.

Copper prices surged to a 16-month high on Monday, buoyed by hopes of a breakthrough in U.S.-China trade talks after negotiators from both sides outlined a framework during the ASEAN Summit over the weekend. The most-traded copper contract on the Shanghai Futures Exchange climbed 1.78% to 88,420 yuan ($12,413.31) a ton, after hitting 88,620 yuan, its highest since May 2024. On the London Metal Exchange (LME), three-month copper rose 0.94% to $11,065.50 a ton.

A continued rally in aluminium prices added to the bullish tone. On the LME, aluminium gained 0.73%, while other base metals such as zinc, nickel, and tin also edged higher.

A rise in aluminium and copper prices typically has a positive impact on Hindalco Industries’ performance. As an integrated producer of both metals, the company benefits directly from higher global prices, which tend to boost revenue and operating margins.

Technical momentum stays strong

Hindalco shares have been on a steady climb, up over 12% in the past month, 23% in a year, and more than 100% over the past three years. The stock has surged nearly 378% in five years.

Technically, the counter remains bullish, trading above all eight key simple moving averages (SMAs), from the 5-day to the 200-day. The Relative Strength Index (RSI) stands at 76.2, indicating overbought conditions, while the Moving Average Convergence Divergence (MACD) at 14.9 remains above both its center and signal lines, reflecting sustained upside momentum.

Q2 results on deck

Investors are now eyeing Hindalco’s September-quarter earnings, scheduled for November 7, 2025. The company has informed the BSE that its board will meet that day to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30.

In the June quarter (Q1 FY26), Hindalco reported a consolidated EBITDA of Rs 8,673 crore, up 9% year-on-year, while net profit rose 30% to Rs 4,004 crore. The company attributed this performance to a robust India business and resilient contributions from Novelis.

Its Aluminium India Upstream segment continued to outperform, delivering industry-leading EBITDA margins of 44%, while the Downstream business posted its strongest quarterly performance to date, with double the EBITDA growth compared to the previous year.

About Hindalco

Part of the Aditya Birla Group, Hindalco Industries is one of the world’s largest integrated aluminium producers and a leading copper manufacturer. The company operates across the entire value chain, from mining and refining to rolling, extrusion, foils, and recycling, and supplies key sectors including automotive, construction, packaging, electricals, and green mobility.

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