Hindalco Industries Nifty Gainer August 24 2026 Metal Sector

Industries Limited (HINDALCO) gained 2.4 per cent on August 24, 2026, emerging as the second-biggest Nifty 50 gainer in a session where Nifty Metal rose 1.59 per cent to become the only major sectoral index to close significantly in the green, even as the broader Nifty 50 fell 0.14 per cent to 24,219.05. Hindalco, JSW Steel and Tata Steel were among the notable gainers on the Nifty, with the Nifty Metal index among the strongest sectoral performers, rising 1.6 per cent.</cite> The August 24 gain partially reverses a difficult August for Hindalco Industries Limited [][SHARE PRICE URL]. The stock had fallen sharply earlier in the month after Norsk Hydro's Alunorte alumina refinery in Brazil ramped up production, increasing global alumina supply and putting pressure on aluminium prices. That single operational update from a Brazilian refinery had triggered a 4 to 10 per cent fall across Indian metal names in two sessions during the week of August 11 to 14. Key metrics for context: 52-week high: Rs 1,177 — hit in May 2026 52-week low: Rs 633 — providing the floor from which the stock has recovered 57 per cent over the past year Q4 FY26 revenue: Rs 78,133 crore — a record, up over 20 per cent year on year Q4 FY26 EBITDA: Rs 11,197 crore — an all-time high Net debt to EBITDA: improving sequentially for three quarters HSBC maintains Buy rating with target Rs 1,210 — preferred pick in the India metals and mining space The strength in metals on August 24 came despite a cautious global backdrop, with investors continuing to track commodity prices and demand prospects. The immediate sectoral outlook is likely to remain closely linked to crude prices and developments around Iran sanctions.</cite> Tuesday's session opens with GIFT Nifty slightly negative. Whether the metal sector can sustain its Monday outperformance against a range-bound broader market will depend almost entirely on whether global commodity sentiment holds into the Jackson Hole week.