Hind Copper, Hindalco, NALCO Share Price Soar to Record Highs on Rising Metal Prices

Market Performance: Metal Stocks Shine

The stock market opened Tuesday with a strong surge in metal stocks, pushing Hind Copper, Hindalco, and NALCO to fresh record highs.

• Nifty Metal Index jumped over 1% to hit a 52-week high of 11,652.70 in morning trading.
• Gains in copper and aluminum prices fueled optimism among investors.

The market sentiment was clearly positive, reflecting the growing demand for metals amid supply constraints and global tensions.

Copper and Aluminum Prices Jump

Metal prices witnessed a sharp uptick, driving the rally in stock prices:

• Copper hit an all-time high of $13,253.50 per ton on the LME, reflecting fears of shortages.
• Aluminum prices rose sharply due to tightening supply and expectations of long-term demand growth.

The surge in these key industrial metals highlighted the market’s focus on supply security and the strategic importance of critical minerals in the global economy.

Company-Wise Performance

Hind Copper

• Share price jumped around 4% to a fresh 52-week high of Rs 574.6.
• Price gains over recent periods:
  • Past five days: +8%
  • Past one month: +55%
  • Past six months: +106%

Hind Copper’s performance reflects strong investor interest, underpinned by the global rally in copper prices.

Hindalco Industries

• Shares rose over 4%, hitting a fresh 52-week high of Rs 970.80.
• Price gains over recent periods:
  • Past one month: +17%
  • Past six months: +38%
  • Past one year: +67%

Hindalco’s growth mirrors the surge in aluminum prices and tightening supply expectations.

National Aluminium Company (NALCO)

• Shares climbed around 6%, reaching a fresh 52-week high of Rs 350.35.
• Price gains over recent periods:
  • Past five days: +11%
  • Past one month: +30%
  • Past six months: +85%

NALCO’s momentum reflects the combined effect of rising aluminum prices and robust market demand.

Summary

Tuesday’s trading session highlighted the strong rally in metal stocks, with Hind Copper, Hindalco, and NALCO leading the charge.

• Metal prices soared to record levels, driving investor enthusiasm.
• Hind Copper climbed over 100% in six months.
• Hindalco surged nearly 40% in six months.
• NALCO posted an 85% gain in six months.

The market remains focused on metals as global supply constraints and demand growth continue to shape investor sentiment.

Source: Moneycontrol