Hindalco Share Price Slips Despite Strong Q1 Boost From Novelis | What's Weighing On The Stock?

Hindalco Share Price Today: Shares of Hindalco opened lower on Thursday, August 6, despite its subsidiary, Novelis, reporting strong performance in the first quarter of the financial year 2026-27. The Atlanta-headquartered subsidiary reported better-than-expected operational performance for the June quarter.

Hindalco stock was trading 1.49% lower at Rs 1023.5 per share on BSE with a market capitalisation of Rs 2,30,003.63 crore at 11:30 am. The stock had touched an intraday high mark of Rs 1,054.95 per share and an intraday low mark of Rs 1,016.50 per share.

Why Is Hindalco Share Price Falling Today Despite Upbeat Novelis Q1?

The recent decline in Hindalco share price today came as Novelis reported a 23% year-on-year jump in its consolidated net revenue from operations in the first quarter of financial year 2026-27. The jump in net revenue was driven by favourable aluminium prices, which were partially offset by a 33 kt estimated shipment loss related to the Oswego production disruption from the fire.

Novelis EBITDA per tonne fell by 6% on a sequential basis to $512, while net debt rose 17% on a sequential basis to $7.9 billion, which remains the key near-term overhang.

Hindalco Share Price Target

CLSA maintained an 'Outperform' rating for Hindalco with a target price of Rs 1,240 per share, reported CNBC TV 18. Motilal Oswal in its report maintained a 'Buy' rating for the metal stock.

Hindalco Share Price Trend

Hindalco stock opened lower on Thursday. Its stock touched its 52-week high mark of Rs 1,179.35 per share on May 29, 2026. The stock dipped to its 52-week low mark of Rs 656.85 per share on August 12, 2025. The stock has a return on equity of 14.8%. The stock has delivered 4.75% return in one month and around 14.7% return in 2026 so far. Its share price value has surged around 68% in two years.

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