NALCO and Hindalco Share Prices Rises 4% - Here’s Why

On March 30, 2026, NALCO opened at Rs 380.00 and touched a high of Rs 394.60 during the session. The stock closed at Rs 386.10, up 4.07 per cent for the day.
Hindalco opened at Rs 876.00 and reached an Intraday high of Rs 913.00. It closed at Rs 884.45, a gain of 2.05 per cent. Both stocks rose on a day when the broader market fell. The Sensex was down nearly 1,600 points, and the Nifty declined 2.14 per cent.

What caused the move?
On March 28, Iranian missiles and drones struck two aluminium production facilities in the Gulf, the Al Taweelah SMElter operated by Emirates Global Aluminium in the UAE, and the Alba smelter in Bahrain. Both facilities are currently assessing damage. It is not yet clear when full production will resume.

Why NALCO and Hindalco Shares Climbed?
Indian aluminium producers sell their output at prices linked to global benchmarks. When LME prices rise, their revenue per tonne increases as well, without any immediate change in their production costs. This improves their margins in the near term. There is also the possibility of higher export volumes. With Gulf producers unable to supply their usual volumes, Indian companies may find buyers willing to purchase more from them.

NALCO is a government-owned company with integrated operations covering bauxite mining, alumina refining, and aluminium smelting. A rise in aluminium prices directly improves its earnings. Hindalco, part of the Aditya Birla Group, operates both in India and internationally through its subsidiary Novelis, which processes recycled aluminium. Higher prices benefit Hindalco's Indian operations, while Novelis benefits from demand for aluminium products in North America and Europe.

About the company
NALCO
Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium
Hindalco
Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also engaged in the manufacturing of aluminium sheet, extrusion, and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.

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Disclaimer: The article is for informational purposes only and not investment advice.