Motilal Oswal is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 920 in its research report dated November 08, 2025.
The company’s upstream strength matches downstream acceleration
The Bay Minette project was originally pegged at a $2.5 billion capital outlay, and then raised to $4.1 billion in 2024, sparking shareholder concerns due to the cost overun.
Hindalco Q2 results: Revenue up 13% at Rs 66,058 crore
The hot mill at the plant is expected to restart by December end of this year followed by a 4-6 week of production ramp-up, the company added
Emkay Global Financial is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 900 in its research report dated September 24, 2025.
On the downstream front, the Aditya Birla Group company has a target to quadruple EBITDA by FY30 compared to FY24 through the ramp up of new copper tubes plant and an e-waste recycling facility which will be India’s first and the world’s second largest.
The plants in Gujarat, Chhattisgarh and Madhya Pradesh will be the first solo nuclear power projects taken up by NTPC’s newly incorporated subsidiary NTPC Parmanu Urja Nigam Ltd
The company is confident of rising demand for aluminium and copper and flagged no impact of U.S. tariffs on the India business.
Hindalco shares will be in focus after subsidiary Novelis reported a 36 percent drop in Q1 net income and warned of higher US tariff impacts.
Novelis added that it is looking to accelerate cost reduction steps, which can drive higher cost savings in FY26, and over $300 million by end of FY28.
The government has called bids for setting up Bharat Small Reactors to decarbonise high-emission industries such as steel and aluminium. It expects at least Rs 35,000 crore in investments from the private sector
Lower TC/RC margins could result in a 25–30 percent hit to Hindalco's copper EBITDA.
Copper stocks: US Comex copper futures jumped over 12% to hit a record high after Trump's announcement, which came earlier than industry expectations. The 50% tariff rate was also higher than analysts' expectations.
A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.
Downstream aluminium demand continues to be strong and the company is focusing on capacity expansion
Novelis derives about 60 percent of its product mix from beverage packaging, with the remainder spread across automotive, aerospace, and electronics sectors.
Hindalco Industries reported a 66 percent year-on-year jump in consolidated net profit at Rs 5,283 crore for the January–March quarter.
Motilal Oswal is bullish on Hindalco recommended buy rating on the stock with a target price of Rs 770 in its research report dated April 01, 2025.
US President Donald Trump had requested the Commerce Department to investigate into potential copper tariffs in February, 2025.
The Aditya Birla Group is committing Rs 45,000 crore across the aluminium, copper and specialty alumina businesses for Hindalco Industries.