Intraday Price Movement and Trading Dynamics
On the trading day, Hindalco Industries Ltd reversed a two-day decline, registering a significant uptick in price. The stock’s intraday high of Rs 937.25 represented a 3.24% gain over its previous close, aligning closely with the Aluminium & Aluminium Products sector’s advance of 3.26%. This performance was achieved despite the stock trading below its short-term 5-day and 20-day moving averages, though it remained comfortably above its 50-day, 100-day, and 200-day moving averages, indicating sustained medium- to long-term strength.
The broader market context saw the Sensex open sharply lower by 167.26 points but recover strongly to close at 81,666.46, up 1.17%. Mega-cap stocks led this rebound, while the Sensex itself traded below its 50-day moving average, which in turn was positioned above the 200-day moving average, signalling a mixed but cautiously optimistic market environment.
Comparative Performance Metrics
Hindalco’s one-day gain of 3.24% notably outperformed the Sensex’s 1.17% rise. Over longer periods, the stock’s performance has been mixed but generally positive relative to the benchmark. The one-week return was -1.37% compared to the Sensex’s 0.16%, while the one-month return was a positive 1.24% against the Sensex’s decline of 4.78%. Over three months, Hindalco posted a 10.56% gain, significantly ahead of the Sensex’s -2.71% performance.
Year-to-date, the stock has appreciated by 5.75%, contrasting with the Sensex’s 4.17% decline. The company’s longer-term returns remain impressive, with a one-year gain of 59.72%, a three-year increase of 101.36%, a five-year rise of 266.83%, and a remarkable ten-year appreciation of 1266.25%, all substantially outperforming the Sensex’s respective returns of 5.37%, 36.26%, 64.00%, and 232.80%.
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Mojo Score and Rating Update
Hindalco Industries Ltd holds a Mojo Score of 78.0, reflecting a solid Buy grade as of 18 Nov 2025. This represents a slight downgrade from its previous Strong Buy rating, indicating a modest recalibration in the stock’s momentum and quality metrics. The company maintains a Market Cap Grade of 1, underscoring its status as a large-cap entity within the non-ferrous metals sector.
The Mojo grading system integrates various financial and technical parameters, and the current Buy rating suggests that the stock continues to exhibit favourable characteristics relative to its peers, despite the recent adjustment.
Sector and Market Context
The Aluminium & Aluminium Products sector, to which Hindalco belongs, gained 3.26% on the day, closely mirroring the stock’s own intraday advance. This sectoral strength contributed to the stock’s positive momentum, supported by broader market recovery after an initial negative opening.
The Sensex’s recovery of 1,110.78 points from its early losses to close up 1.17% provided a conducive environment for stocks like Hindalco to register gains. Mega-cap stocks led the market rally, and Hindalco’s performance was consistent with this trend, reflecting its significant market capitalisation and sectoral influence.
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Technical Indicators and Moving Averages
Hindalco’s price action on 2 Feb 2026 showed the stock trading above its 50-day, 100-day, and 200-day moving averages, which typically signal medium- and long-term bullish trends. However, the stock remained below its 5-day and 20-day moving averages, suggesting some short-term consolidation or resistance.
This mixed technical picture indicates that while the stock has underlying strength, it is currently navigating near-term price fluctuations. The intraday high of Rs 937.25 and the 3.24% gain reflect a positive response from market participants within this context.
Summary of Trading Action
In summary, Hindalco Industries Ltd’s strong intraday performance on 2 Feb 2026 was characterised by a 3.24% price increase to Rs 937.25, outperforming the Sensex and aligning with sector gains. The stock reversed a two-day decline, trading above key medium- and long-term moving averages, while the broader market recovered sharply from an early loss. The Mojo Score and Buy rating reflect continued confidence in the stock’s fundamentals and technical positioning.
The trading session highlighted the stock’s resilience and ability to capitalise on sectoral and market momentum, with the Aluminium & Aluminium Products sector’s 3.26% gain providing a supportive backdrop. Investors and market watchers noted the stock’s relative strength amid a mixed market environment.
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