Hindalco shares up by more than 1% today on the back of rising copper price

Hindalco shares are up today. At 1:10 a.m. IST, 24^th December, 2025, Hindalco’s share price is up by 1.20%, trading at Rs 874.20. Nifty 50 index is up by .012% at this time. Hindalco’s shares are gaining today after price of copper touched record high of $12,000 per ton yesterday.

Hindalco is the world’s second largest producer of copper rods. It operates a fully integrated copper complex in Dahej in Gujarat. It also manufactures copper wires. The company’s copper products find use in electric vehicles (EVs), automobiles, electrification projects, consumer durables etc.

Demand for copper is rising up due to its usage in EVs and renewable energy projects. This may benefit Hindalco in the medium and long term too. This may explain the gains that Hindalco’s shares have seen in 2025. Its stock has gained more than 47% year-to-date (YTD) in 2025. Nifty 50 index has gained 10.27% in this period. Hindalco’s shares have outperformed Nifty 50 index by around 37% this year.

Hindalco’s shares have outperformed the benchmark indices this year

Nifty Metal index has gained 19% YTD in 2025. Hindalco’s stock has 15.92% weight in Nifty Metal index. It has second highest weight in the index, after Tata Steel. Hindalco’s shares have outperformed the Nifty Metal index by more than 28% this year.

Stocks that make up Nifty Metal index are currently trading at an average price-to-earnings (P/E) ratio of 18.45. Hindalco’s shares are trading at a 12-monthly trailing P/E ratio of around 10. Hindalco’s shares may be relatively undervalued when compared to many of its peers in the Nifty Metal index.

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

Source: NSE, Hindalco