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Hindalco shares drop 6% on Novelis capex concerns

pre-market1 source ↓written by the desknot a recommendation

to ₹778.65
6.3%
increasing
$4.1 billion to $5 billion

Hindalco Industries shares fell 6.3% to ₹778.65 as investors reacted to Novelis Inc.’s revised capital expenditure guidance, increasing from $4.1 billion to $5 billion. This surge is attributed to inflation and rising contractor competition, raising concerns over future returns. Despite a maintained 'Buy' rating with a target price of ₹800, sentiment remains cautious.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 Nov 2025, 07:07 IST.

Sourcesnews.google.com

The market after the news

HINDALCO closed +0.3% on the day of the news, from ₹788.40 to ₹790.40; Nifty −0.1% over the same session; futures OI +4.4%.

Bulletin at 07:07 IST on 7 Nov 2025. Every change is measured from ₹788.40, the last close before it, on 6 Nov. Nifty 50 is measured over the same sessions.

  • HINDALCO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HINDALCO closes around the bulletin against the close before the news, with Nifty 50 rebased to it713.98788.40862.82axis spans 21%before the news · 6 Nov788.40Nifty 50HINDALCObulletinD0+1+3+530 Oct12 Nov21 NovFutures open interest, lotspeak 1.2 LReference close ₹788.40. 16 sessions from 30 Oct to 21 Nov; the price axis spans 21 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before6 Nov₹788.40basebase
On the day7 Nov₹790.40▲ +0.3%▼ −0.1%+0.3 pp difference
+1 session10 Nov₹785.20▼ −0.4%▲ +0.3%−0.7 pp difference
+3 sessions12 Nov₹794.40▲ +0.8%▲ +1.4%−0.7 pp difference
+5 sessions14 Nov₹803.65▲ +1.9%▲ +1.6%+0.4 pp difference
Gap at the open, % · ₹
0.0%+0.08 on 7 Nov
Day's range, % · ₹
2.5%≈ 20 high to low
Volume on the day
1.89×the 20-session average
Futures OI on the day
▲ +4.4%+4,800 lots · long build-up · price +0.3%
Futures OI open, lots
1.1 L7 Nov · 25 Nov expiry
Futures premium, ₹
+3.75+0.5% to spot
Puts per call, by OI
0.65from 0.74 the session before
Max pain
800from 800 the session before

Source NSE UDiFF bhavcopy · HINDALCO on the desk →

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