Opening Price Drop and Intraday Movement
On 13 Feb 2026, Hindalco Industries Ltd opened sharply lower, registering a decline of 4.39% from its prior closing price. The stock’s intraday performance further deteriorated, touching a low of ₹910.05, marking a 5.63% drop at its lowest point during the session. This gap down opening and subsequent intraday weakness contrasted with the broader market’s more modest decline, as the Sensex fell by 0.82% on the same day.
The stock’s day change settled at -4.70%, underperforming its sector, Aluminium & Aluminium Products, which itself declined by 4.22%. Hindalco’s performance also lagged behind the Sensex by nearly 4 percentage points, highlighting sector-specific pressures impacting the stock.
Recent Performance and Volatility
Hindalco has been on a downward trajectory for the past three consecutive trading days, cumulatively losing 4.56% in returns during this period. The stock’s high intraday volatility, calculated at 61.54% based on the weighted average price, underscores the unsettled trading environment and investor uncertainty.
Despite the recent weakness, the stock remains above its 50-day, 100-day, and 200-day moving averages, though it trades below its 5-day and 20-day moving averages. This mixed technical positioning suggests that while the longer-term trend remains intact, short-term momentum has weakened.
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Sector and Market Context
The Non-Ferrous Metals sector, particularly Aluminium & Aluminium Products, has experienced notable pressure, with the sector index declining by 4.22% today. Hindalco’s underperformance relative to its sector peers indicates company-specific factors contributing to the stock’s weakness.
Hindalco’s beta of 1.31 relative to the Sensex confirms its status as a high beta stock, meaning it tends to amplify market movements. This characteristic has likely exacerbated the stock’s decline amid the broader market downturn.
Technical Indicators and Trend Analysis
Technical signals present a nuanced picture. Weekly and monthly Moving Average Convergence Divergence (MACD) indicators remain bullish, as do Bollinger Bands and the Know Sure Thing (KST) oscillator on both weekly and monthly timeframes. The daily moving averages also maintain a bullish stance, suggesting underlying strength in the medium to long term.
However, the Dow Theory assessment is mildly bearish on a weekly basis, reflecting short-term caution. The Relative Strength Index (RSI) on weekly and monthly charts currently shows no clear signal, indicating neither overbought nor oversold conditions.
On Balance Volume (OBV) readings remain bullish, signalling that volume trends have not yet confirmed a sustained sell-off despite price weakness.
Intraday Trading Dynamics
Today’s trading session was marked by high volatility, with the stock price swinging widely within the day. The gap down opening triggered initial selling pressure, which was met with intermittent buying interest as the session progressed. Although the stock did not recover to its previous close, the presence of buyers at lower levels prevented a deeper slide.
This pattern suggests a market grappling with uncertainty, where participants are weighing recent news and sector developments against the stock’s longer-term fundamentals.
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Mojo Score and Rating Update
Hindalco Industries Ltd currently holds a Mojo Score of 61.0, categorised as a Hold rating. This represents a downgrade from its previous Buy rating, which was revised on 18 Nov 2025. The downgrade reflects a reassessment of the stock’s risk-reward profile amid recent price weakness and sector headwinds.
The company’s Market Cap Grade remains at 1, indicating a large market capitalisation but with limited recent positive momentum. The downgrade aligns with the stock’s recent underperformance relative to the Sensex and its sector peers.
Summary of Price Performance
In the last month, Hindalco has declined by 1.82%, slightly underperforming the Sensex’s 0.76% fall over the same period. The stock’s recent three-day losing streak and today’s significant gap down highlight a phase of consolidation and caution among traders.
Despite these short-term pressures, the stock’s position above key long-term moving averages and bullish monthly technical indicators suggest that the broader trend remains intact, albeit with increased near-term volatility.
Conclusion
Hindalco Industries Ltd’s significant gap down opening today reflects a combination of sector weakness, elevated volatility, and a reassessment of the stock’s near-term outlook. While the stock has experienced notable intraday selling pressure, signs of buying interest at lower levels have prevented a more severe decline. Technical indicators present a mixed picture, with longer-term bullish signals tempered by short-term caution. The downgrade in the Mojo rating to Hold further underscores the tempered market sentiment surrounding the stock at present.
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