Hindalco Share Price Today Jumps As Firm Denies Aluminum Extrusion Halt; Stock Down 4% In Week; Buy or Sell?

Hindalco Share Price Today: Shares of Hindalco have declined significantly over the past five trading sessions as part of a wider, weaker sentiment prevailing across the metal sector stocks amid the ongoing Iran-US war. However, brokerages remained bullish on the aluminum producer over the long-term.

Hindalco shares were trading 0.92% higher on BSE at 9:54 am with a market capitalisation of Rs 2,08,902.18 crore on Tuesday, March 17. The stock has declined close to 3.74% in the last one week. Meanwhile, Nifty Metal has fallen around 5.62% in one week.

Hindalco Update On Aluminum Extrusion Business

The rebound in Hindalco Industries' share price came days after the aluminum major clarified that it has not halted any operations in its extrusion business. The Aditya Birla Group firm said the internal communication sent to employees was merely a routine update about a potential supply disruption in a specific segment, and not an indication of any shutdown.

Hindalco Share Price Recommendation

The impact of the ongoing conflict in the Middle East on Hindalco's business is largely limited to rising energy (coal) costs. Nearly 75% of energy cost is fulfilled via coal linkages and the rest via e-auction, hence the rise in coal e-auction prices can increase its energy costs, noted Motilal Oswal in its report released on Tuesday, March 17.

Motilal Oswal maintained a 'Buy' call for Hindalco for long-term investors. Favourable LME, strategic expansion aligned robust domestic outlook and a strong balance sheet are likely to favour Hindalco in the long-run.

"However, muted near-term earnings visibility from Novelis due to Oswego fire could remain a key overhang on the overall performance. HNDL's Indian operation has been nearly net debt free, while its consolidated net debt-to-EBITDA ratio stood at 1.7x as of Dec'25, mainly attributed to Novelis Bay Minette expansion," noted the brokerage in its report.

Hindalco Share Price Target

The brokerage maintained a share price target of Rs 1,110 per share for the long-run. "We reiterate our BUY rating on HNDL with our SoTP-based TP of INR1,110, premised on our Sep'27 estimates," noted the brokerage in its report.

Hindalco Share Price Trend

Hindalco shares opened higher on Tuesday. The stock had touched a 52-week low of Rs 546.25 per share on April 7, 2025. The stock had dipped to its 52-week high of Rs 1,029.60 per share on January 29, 2026. The stock has a return on equity (ROE) of 12.79%.

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