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Nalco To Vedanta: Why Aluminium Stocks Are Losing Their Sheen This Week
Shares of Nalco have fallen 10% in two trading sessions, while Vedanta and Hindalco have lost 5% to 7% respectively in trade.
25 Feb 2025, 04:23 PM IST 
One of the key triggers for the fall in the three aluminium-focused companies is the fall in aluminium future prices. (Photo source: Nalco's website)
The Nifty Metal saw a strong run last week, and ended all five trading sessions in the green. The story, however, has shifted this week, and the index has fallen over 3.5% since Monday. The top three counters dragging the stock have been National Aluminium Co., Vedanta Ltd., and Hindalco Industries Ltd. While some of the weakness could be attributed to Avendus Spark downgrading Hindalco Industries to a 'sell' rating, and maintaining ...
