Hindalco shares down by more than 4% today as metals see profit booking

Authored By Ankur Chandra | Last Modified: Jan 8, 2026 01:23 PM IST

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Hindalco shares are sharply down today. At 12:07 p.m. IST, 8^th January, 2025, the stock is down by 4.08%, trading at Rs 900.20. Nifty 50 is down by 0.88% at this time.

Hndalco’s shares are down today, after copper and aluminum prices came down yesterday evening and in the morning today. Copper Futures at COMEX for March delivery closed yesterday at $5.8230 per pound, down by 0.64%. Aluminium price for March delivery at LME is down by 1.51% trading at Rs 3,086.55 per ton. These metals may be seeing profit booking today after touching record highs in the past several days.

Hindalco a major producer of aluminium and copper products

Hindalco is a major producer of aluminium and copper products. The company is the largest producer in Asia of primary aluminium. Its subsidiary Novelis is the world’ s largest aluminium rolling and recycling company. Hindalco is also India’s biggest producer of refined copper. It is the second largest producer in the world of copper rods. It has a fully integrated copper complex in Dahej in Gujarat.

Hindalco’s shares have risen by 53% in the past 1 year

Demand for copper has increased significantly because of its wide application in EVs and solar panels. Copper has both high durability and conductivity. Hindalco’s shares have gained 53.45% in the past 1 year. Nifty 50 index has gained 9.38% in the past 1 year. Hindalco shares have outperformed the Nifty 50 index by more than 44% in the past one year.

Nifty Metal index has gained 29.11% in the past 1 year. Hindalco is a constituent of Nifty Metal index. Its stock currently has a weight of 16.08% in the index. Hindalco shares have outperformed the Nifty Metal index by more than 24% in the past one year.

Hindalco shares are currently trading at 12-month trailing price-to-earnings (P/E) ratio of 11.27. Stocks that make up Nifty 50 index are currently trading at an average P/E ratio of 19.91.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE, Hindalco

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