Hindalco shares are up 32 per cent in the last six months. Nuvama Institutional Equities has upped its FY25 and FY26 consolidated Ebitda estimates by 13 per cent and 12 per cent, respectively.
Metal stocks: Kotak has suggested Jindal Steel Ltd (JSPL) as its top 'BUY' in the sector. It has Buy rating on NMDC and Tata Steel and 'Sell' rating on Vedanta, SAIL, Hindustan Zinc and Nalco.
Hindalco Q4 results: Elara Securities sees profit for the quarter at Rs 2,628 crore, down 34.90 per cent YoY over Rs 4,038 crore in the year-ago quarter. It sees sales at Rs 56,104 crore, up 0.6 per cent YoY.