PREVIEW-India's Hindalco rises ahead of quarterly results

Indian aluminum and copper miner, Hindalco Industries HALC.NS up 1.3% ahead of Q4 results due later in the day

Analysts, on avg, expect HALC to report ~42% y/y increase in consol profit to 44.97 billion rupees, per data compiled by LSEG

Systematix Institutional Research says industry-wide earnings to be driven by higher commodity prices and improving volumes

Adds, HALC's consol performance to also benefit from recovery in unit Novelis' NVL.N volumes; the unit contributes to more-than-half of co's overall revenue

Last week, Jefferies analysts said HALC unit, Novelis' Q4 EBITDA came ahead of their estimates and recovered sequentially

During the qtr, prices of aluminium CMAL3 and copper CMCU3 prices rose 17.1% and 10.3% y/y on the London Metal Exchange

Rivals Vedanta VDAN.NS reported higher fourth-quarter profit last month, while state-owned NALCO NALU.NS is set to report quarterly results later this week

HALC, VDAN, NALU rated "buy" on avg - the data

YTD, HALC up ~11% vs ~7% rise in Nifty metal index .NIFTYMET