{
  "id": 19107537,
  "title": "Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts",
  "url": "https://urgent.news/2026/11/09/hindalco-trades-higher-after-record-q2-analysts-hold-buy-ratings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T06:49:15.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/hindalco-trades-higher-after-record-q2-analysts-hold-buy-ratings-despite-target-cuts/article71681663.ece"
  },
  "original_language": "en",
  "account": "Shares of Hindalco Industries were trading higher on the National Stock Exchange on Monday, following the company's record Q2 results. The stock opened at ₹947.90 and reached a high of ₹960.70, trading at ₹959.85 by 11:57 am. Buy orders made up 57.91% of total activity, with 47.20 lakh shares changing hands worth ₹444.28 crore. Hindalco's 52-week price range was ₹771.85 to ₹1,176.\n\nAnalysts maintained buy ratings on the stock, but two of them reduced their target prices. Elara Securities retained the highest target at ₹1,227, suggesting a 28% upside from Thursday's close of ₹958, citing record copper EBITDA and anticipated growth at Novelis as Bay Minette plants ramp up operations. Motilal Oswal also kept a buy rating with a target of ₹1,180, increasing FY27 estimates by 5% to account for strong earnings, while acknowledging potential subdued second-half earnings due to lower LME aluminium prices and rising production costs. Axis Direct cut its target to ₹1,060 from ₹1,155, citing weaker aluminium realizations and higher raw material cost assumptions, but kept its buy call.",
  "summary": "The stock opened at ₹947.90, touched an intraday high of ₹960.70 and a low of ₹919.30. Buy orders accounted for 57.91 per cent of total activity, with traded volume of 47.20 lakh shares worth ₹444.28 crore.",
  "key_points": [
    "Hindalco shares rise after record Q2 results",
    "Analysts maintain Buy ratings, two cut target prices",
    "Axis Direct lowers target to ₹1,060 from ₹1,155"
  ],
  "editors_take": "Record earnings and copper performance are driving investor confidence even as analysts temper expectations due to rising production costs and fluctuating aluminium prices.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}