Hindalco, NALCO to Vedanta Aluminium: Aluminium stocks slide up to 6%. Here's why

Aluminium producer stocks including NALCO, Vedanta Aluminium, and Hindalco fell up to 6% in intraday trade, tracking a 5% decline in LME benchmark three-month aluminium prices to $3,357/ton — the lowest since March 27. The sell-off was driven by the US-Iran peace deal, which is expected to restore supply flows through the Strait of Hormuz and boost Middle East exports that account for ~9% of global supply. Axis Securities, however, maintained BUY ratings on Hindalco and NALCO, projecting FY26-28 aluminium prices at $3,295, $3,175, and $3,025/ton respectively, citing structural cost support and tight metal balance.