$HINDALCO

Metal stocks are showing strength in a weak market, and Hindalco Industries is grabbing attention after Novelis reported improved profitability and hinted at restarting its Oswego plant in the US. The stock outperformed the broader market today while most sectors traded under pressure. What makes this interesting? • Global aluminium demand is improving gradually • Novelis performance is stabilizing after a tough phase • Metal stocks are seeing rotational buying • Strong volume activity seen in today’s session Technically, the stock is attempting to hold higher levels despite market weakness — a sign of relative strength. If momentum continues, traders may keep this stock on radar for short-term moves. In a market where Nifty slipped below 23,450 amid FII selling and global uncertainty, Hindalco standing out is something worth noting.