Shares of Hindalco Industries fell 3 per cent on Monday, November 9, even as the Aditya Birla Group company posted healthy July-September quarter results for the financial year 2026-27 (Q2 FY27). The stock came under selling pressure even as the company reported a 58.8 percent year-on-year (YoY) increase in consolidated net profit, supported by strong contributions from its aluminium and copper businesses and improved performance at subsidiary Novelis.
Hindalco shares opened at Rs 953 on the NSE and fell as much as 3 percent to an intraday low of Rs 919.30. At around 10 am, the stock was trading 1.63 per cent lower at Rs 937.65.
Despite the Monday’s decline, brokerages remained largely positive on the stock, maintaining their bullish ratings. The company released its Q2 FY27 earnings last week on Friday.
Hindalco Industries’ consolidated net profit grew 58.8 percent to Rs 7,533 crore for the September quarter of FY2026-27, driven by a strong performance across business segments. Net profit in the year-ago period was Rs 4,741 crore.
The company’s income during the second quarter rose to Rs 92,651 crore over Rs 66,771 crore in the year-ago period.