Shares of aluminium companies face corrections amid a decline in base metal prices. However, Axis Securities maintains BUY ratings for Hindalco and NALCO despite share declines. Analysts forecast aluminium prices to remain between $3,000 and $3,800/t in the short term.
Shares of Indian aluminium companies, including Hindalco, NALCO, and Vedanta, experienced a correction, sliding up to 6% due to a decline in global base metal prices. Despite this downturn, Axis Securities has reaffirmed its 'BUY' ratings for Hindalco and NALCO. Analysts…
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