Indian blue-chip indexes
hit record highs at the open on Monday before easing back as
energy stocks dropped and as volatility remained high due to
nerves over the results of the ongoing general.
After gaining 16-25% over the last month, shares of both Hindalco Industries and National Aluminium Co tested their lifetime highs on Friday. Shares of Vedanta, the countrys largest producer of the metal, have jumped nearly 48% in a month and are at their highest level in two years.
Shares of National Aluminium Co. Ltd. (Nalco) rose to record high in early deals on Wednesday after the state-owned firm said it clocked the highest-ever cast metal production of 4,63,428 metric tonne, bauxite excavation of 76,00,230 metric tonne, and metal sale of 4,70,108 metric tonne in FY24. During the year, the company has also added a new aluminum alloy ingot (AL59) to its product range.