Shares of Hind Copper, Hindalco, and NALCO surged up to 6 percent on Tuesday, hitting fresh record highs amid a sharp rally in global and domestic metal prices. The strong buying momentum in metal stocks lifted the Nifty Metal index by over 1 percent, taking it to a new 52-week high of 11,652.70.
Analysts said the rally is driven by tightening supply, higher commodity demand, and bullish outlook for steel, aluminium, and non-ferrous metals. Investors are optimistic about margin expansion and earnings growth for metal producers in the coming quarters.
The broader metal sector saw widespread buying, as domestic refiners and miners like Hind Copper, Hindalco, and NALCO are expected to benefit from rising international metal prices and favourable cost dynamics. This surge reflects renewed investor confidence in metals as a strong performing sector in 2026.
