Hindalco Industries Ltd Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Intraday Price Movement and Market Context

On 1 Feb 2026, Hindalco Industries Ltd opened sharply lower with a gap down of 4.48%, setting the tone for a day dominated by selling pressure. The stock ultimately reached an intraday low of Rs 866, representing a decline of 9.99% from its previous close. This intraday low marks a continuation of the stock’s recent downward trend, as it has now recorded losses over two consecutive sessions, cumulatively falling by 9.88% during this period.

In comparison, the Aluminium & Aluminium Products sector, to which Hindalco belongs, also faced headwinds, declining by 4.08% today. However, Hindalco’s intraday performance outperformed the sector by 1.14%, indicating that while the stock was under pressure, it fared marginally better than its peers within the segment.

Technical Indicators and Moving Averages

From a technical standpoint, Hindalco’s current price remains above its 50-day, 100-day, and 200-day moving averages, suggesting that the longer-term trend retains some underlying strength. However, the stock is trading below its 5-day and 20-day moving averages, signalling short-term weakness and potential resistance levels that may be challenging to overcome in the near term.

This divergence between short-term and long-term moving averages reflects a market grappling with immediate pressures while maintaining a cautiously optimistic longer-term outlook.

Market Sentiment and Broader Indices

Despite Hindalco’s decline, the broader market showed resilience. The Sensex opened 119.19 points higher and was trading at 82,410.22, up 0.17% at the time of reporting. The index remains 4.55% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed but cautiously positive market environment.

Large-cap stocks led the market gains, contrasting with Hindalco’s underperformance relative to the Sensex, which recorded a 0.19% gain today. Hindalco’s one-day performance of -4.09% contrasts with the Sensex’s modest positive movement, highlighting stock-specific factors influencing its price action.

Recent Performance Trends

Examining Hindalco’s performance over various time frames provides further insight into the current price action. Over the past week, the stock has declined by 2.90%, while the Sensex gained 1.09% in the same period. However, over the last month and three months, Hindalco has outperformed the benchmark, rising 4.36% and 7.09% respectively, compared to the Sensex’s declines of 2.66% and 2.35% over those intervals.

Longer-term returns remain robust, with Hindalco delivering a 56.16% gain over the past year against the Sensex’s 7.38%, and an impressive 308.21% return over five years compared to the Sensex’s 78.08%. These figures underscore the stock’s strong historical performance despite short-term volatility.

Mojo Score and Rating Update

Hindalco Industries Ltd holds a Mojo Score of 75.0, reflecting a Buy rating as of 18 Nov 2025, a revision from its previous Strong Buy grade. This adjustment indicates a moderate recalibration of the stock’s outlook by MarketsMOJO’s Investment Committee, reflecting evolving market conditions and company-specific factors. The stock’s market cap grade remains at 1, denoting its status as a large-cap entity within the non-ferrous metals sector.

Sectoral and Price Pressure Factors

The Aluminium & Aluminium Products sector’s decline of 4.08% today suggests broader pressures impacting companies within this space. Factors such as commodity price fluctuations, global demand shifts, and currency movements often influence sector performance. Hindalco’s sharper intraday decline relative to the sector’s average may be attributed to immediate market reactions to recent trading patterns and technical resistance levels.

Additionally, the stock’s opening gap down of 4.48% signals early selling interest, which persisted throughout the session, culminating in the intraday low near Rs 866. This price action reflects a cautious sentiment among traders, despite the broader market’s modest gains.

Summary of Price Pressure and Market Sentiment

In summary, Hindalco Industries Ltd’s intraday low of Rs 866 and the associated price pressure reflect a short-term correction within a stock that has demonstrated strong long-term performance. The decline occurred amid a generally positive market backdrop, with the Sensex advancing modestly and large-cap stocks leading gains. The stock’s technical positioning below short-term moving averages and the sector’s overall weakness contributed to today’s downward momentum.

While the stock remains above key longer-term moving averages, the immediate pressures suggest a period of consolidation or correction. Investors and market participants will likely monitor subsequent sessions for signs of stabilisation or further volatility.

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