Hindalco shares jump 4.5% to hit 52-week high; do analysts expect tailwinds ahead?

Hindalco Industries shares surged 4.5% to hit their 52-week high during the intraday trading session on Wednesday, May 27, with trading volumes crossing 4.8 million shares across both the stock exchanges as of the morning market hours.

Shares of Hindalco touched their 52-week high of ₹1,154 on Wednesday, May 27, 2026, while the 52-week low was at ₹618 on June 2, 2025, according to the NSE data.

On the backdrop of the healthy Q4 revenues, market experts predict that the company is expected to outperform its peers in the near term, with better performance across its business segments amid the increasing price of aluminium in the market.

Investing.com data showed that global aluminium prices have risen more than 2% in the past month, and 16.85% in the last three months, due to the 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, the aluminium prices have rallied with key support from the 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 the increased prices in the market.

How did Hindalco perform in Q4 results?

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 the NSE filings.

Although the consolidated net profits dropped 51% to ₹2,597 crore in the fourth quarter results, from ₹5,284 crore, the company’s metal production operations resulted in a topline revenue growth of 52% year-on-year.

In the fourth quarter, Hindalco incurred a one-time exceptional expense of ₹4,171 crore due to a fire in the company’s US-based Novelis’ Oswego plant.

The consolidated financial statements showed that the company’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.

What do experts predict?

Analysts from the leading investment firm, Morgan Stanley, predict that Hindalco is set to outperform its industry peers in the next two months on the backdrop of the tighter aluminium demand-supply outlook in the market.

“India business seen benefiting from strong structural demand and higher aluminium prices,” said the analysts in a note.

The analysts also said that Hindalco’s US-based subsidiary, Novelis, is expected to witness a recovery in its business operations from the financial year ending 2027-28 due to the company’s move of a $5 billion expansion in Bay Minette, Alabama, United States.

“Novelis recovery expected from FY28 led by Bay Minette ramp-up and Oswego normalisation,” they said.

The global investment firm also expects the company’s strong free cash flow generation and deleveraging opportunities to support Hindalco’s value unlocking on the backdrop of higher aluminium prices and low inventory tailwinds.

After its Q4 results, Citibank analysts also said that the company is set to witness positive momentum cues from the Bay Minette profitability, higher smelting capacity in India, and its captive coal mining operations, which will support the business internally.

Hindalco share price trend

Hindalco shares have delivered 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, according to NSE data.

So far in 2026, the company’s stock has risen 28% on a year-to-date basis, and has gained 8.3% in the past one month period. The shares were trading 5.9% higher over the last five market sessions.

Hindalco Industries’ market capitalisation (m-cap) was trading at over ₹2.57 lakh crore as of Wednesday’s trading session.