HINDALCO

Hindalco was among the metal pack driving Wednesday's rally, as Nifty closed above 24,000 for the fourth straight session, with metals, IT, PSU banks and defence leading the charge. A look at the bigger picture: the stock touched a 52-week high of nearly Rs 1,177 in May, well above its 52-week low of around Rs 633. Over the past one year, Hindalco has delivered close to 57% returns, comfortably outperforming the Sensex. On fundamentals, the company posted record Q4 FY26 revenue of Rs 78,133 crore, up over 20% YoY, with EBITDA hitting an all-time high of Rs 11,197 crore. However, PAT fell sharply due to one-off exceptional losses tied to a fire at its Novelis unit, leading to a recent ratings downgrade from "Buy" to "Hold" by some analysts amid mixed technical signals. With the broader metals upcycle still intact, Hindalco remains a key large-cap name to track this week.