HINDALCO

Hindalco continues to benefit from strong performance in its downstream business and Novelis subsidiary. Demand for aluminum in EVs and packaging is driving long-term growth. Cost pressures have eased, supporting margin improvement. With focus on value-added products and sustainability initiatives, Hindalco is positioning itself for the next industrial cycle. Backed by strong cash flows and prudent leverage, it remains an attractive cyclical play in the metals space.