Hindalco Q4 Earnings Signal Strength, But ₹672 Is Key Level For Momentum: SEBI RA Prameela Balakkala

Hindalco's strong fourth-quarter (Q4) earnings suggest a neutral-to-positive technical and fundamental environment that requires surpassing ₹672 for bullish momentum approval, according to SEBI-registered analyst Prameela Balakkala.

At the time of writing, Hindalco shares traded at ₹662.05, down 0.11% or ₹0.70.

The company's net profit rose by 66% YoY to ₹5,284 crore, surpassing analyst projections. 

The company saw a 16% increase in revenue YoY, reaching ₹64,890 crore, because of stable aluminum realizations and experienced a 43% YoY growth in EBITDA. 

The company's financial results show that the aluminum division achieved a remarkable 79% EBITDA growth, but the copper EBITDA fell by 21% because of supply chain limitations.

According to Balakkala, the reduction in Hindalco's debt from ₹41,818 crore to ₹35,332 crore signals the company's stronger financial standing. 

According to her analysis, the ₹45,000 crore capex plan will drive growth over the long term. 

She also pointed out that acquiring coal blocks is essential for maintaining stable margins.

Balakkala identified ₹650 as the primary support level, which coincides with the 200-DMA, while ₹640–₹645 serves as the short-term demand level connected to the 20-EMA. 

A deeper support level exists within the ₹600–₹620 range, serving as an institutional accumulation area.

The stock might advance towards the ₹695–₹715 zone if it surpasses ₹672 because this level is a crucial resistance point. 

In contrast, the upper zone marks an area where institutional supply is well-documented.

The moving average convergence divergence (MACD) bullish crossover, combined with a neutral RSI level of 53, indicates possible upward movement if critical support levels remain intact. 

The increase in trading volume around resistance levels indicates a potential future breakout.

Balakkala noted that the ₹5 per share dividend demonstrates strong company liquidity and management's confidence.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘high’ message volume.

The stock has risen 11.7% so far in 2025.

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