New Delhi, October 24, 2025:
Shares of leading aluminium and base-metal producers — Vedanta Ltd, Hindalco Industries, and National Aluminium Company (NALCO) — rallied sharply in Friday’s session as aluminium prices surged on global and domestic exchanges.
Aluminium prices on the London Metal Exchange (LME) climbed past $2,850 per tonne, while on the Indian commodity exchange (MCX), prices touched ₹268.65 per kilogram amid fresh long build-up. So far in FY2025-26, aluminium has gained nearly 25% on the LME, reaching record highs.
This rally boosted Indian metal counters:
- Vedanta rose 2.5%,
- Hindalco gained 3.5%, and
- NALCO jumped 4.3% in intraday trade.
In contrast, benchmark indices BSE Sensex and NSE Nifty 50 were trading about 0.3% lower on the day.
🔍 Technical Charts Hint at Another 18% Upside
Technical analysts suggest that these three aluminium-focused stocks remain well-positioned and could gain another 17–18% from current levels if momentum sustains.
Vedanta Ltd (Current Price: ₹496)
- 🎯 Target: ₹585
- 📈 Upside Potential: 17.9%
- 🔻 Support: ₹487, ₹472, ₹463
- 🔺 Resistance: ₹519, ₹550
Vedanta is trading with a strong bullish bias across time frames. As long as it holds above ₹487, the trend remains positive, with potential to rally towards ₹585 in the medium term.
Hindalco Industries (Current Price: ₹821)
- 🎯 Target: ₹965
- 📈 Upside Potential: 17.5%
- 🔻 Support: ₹807, ₹770, ₹755
- 🔺 Resistance: ₹860, ₹925
The stock is trading above key moving averages, indicating strong momentum. Holding above ₹807 keeps the bullish setup intact, with potential targets at ₹925–₹965 in the near term.
National Aluminium Company – NALCO (Current Price: ₹238)
- 🎯 Target: ₹280
- 📈 Upside Potential: 17.7%
- 🔻 Support: ₹232, ₹220, ₹210
- 🔺 Resistance: ₹248, ₹264
NALCO maintains a favorable structure above ₹210, with potential for a breakout towards ₹280. Interim resistance is seen at ₹248 and ₹264.
🧭 What It Means for Investors
With aluminium prices hitting new highs and demand staying robust, analysts expect the ongoing rally in metal stocks to continue. Vedanta, Hindalco, and NALCO remain top picks for short- to medium-term gains, driven by strong fundamentals and positive technical setups.
📊 Bottom Line:
If aluminium prices sustain current levels, Vedanta, Hindalco, and NALCO could deliver up to 15–18% returns over the next few months, supported by rising commodity prices and bullish chart patterns.