Aluminium prices have steadily increased over the past week, surpassing the $2,700 per tonne threshold due to the European Union’s ban on Russian aluminium imports, raising concerns about potential supply shortages.
Rising metal prices typically benefit companies such as Hindalco and Vedanta, as it enhances their profit margins. Consequently, these stocks have seen significant buying activity this week, driving the Nifty Metal index up by nearly 5.2 percent over the past five trading sessions.
During Friday’s trading session, the Nifty Metal index surged by around 86.7 points, reflecting a gain of about 1 percent, and closed in the green at 8,609.7.
Following aluminium stocks are on the rise in the last five trading sessions amid a rise in metal prices:
1. Vedanta Limited
With a market cap of Rs. 1.71 lakh crores, the stock surged nearly 2 percent to Rs. 442.2 on Friday. Meanwhile, in the last five trading sessions, the stock has delivered nearly 6 percent of positive returns.
In Q3 FY25, the company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 10 percent to Rs. 39,115 crores, while the net profit grew marginally by nearly 70 percent YoY to Rs. 4,876 crores.
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2. Hindalco Industries Limited
With a market cap of Rs. 1.46 lakh crores, the stock surged nearly 2.7 percent to Rs. 655.95 on Friday. Meanwhile, in the last five trading sessions, the stock has delivered nearly 7.2 percent of positive returns.
In Q3 FY25, the company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 10.6 percent to Rs. 58,390 crores, while the net profit grew by nearly 60 percent YoY to Rs. 3,735 crores.
3. National Aluminium Company Limited
With a market cap of Rs. 36,962 crores, the stock surged nearly 5 percent to Rs. 202.5 on Friday. Meanwhile, in the last five trading sessions, the stock has delivered nearly 11 percent of positive returns.
In Q3 FY25, the company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 39.2 percent to Rs. 4,662 crores, while the net profit grew marginally by nearly 232.5 percent YoY to Rs. 1,566 crores.
Written by Shivani Singh
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