Shares of Aditya Birla Group's Hindalco Industries and state-owned Nalco rallied up to 5% on Wednesday after aluminium prices soared to a 4-year high buoyed by Iran war tensions and possible production cuts by China, the world’s largest manufacturer.
Hindalco gained as much as 4.5% to its day’s high of Rs 1,154 on the BSE, while Nalco surged 5.1% to Rs 437.50. On the London Metal Exchange, the industrial metal increased by 0.6% to reach its highest price since March 7, 2022, at $3,672.50 per metric tonne.
