HBSC sees impact of Oswego fire on India's Hindalco easing; retains 'Buy'
ReutersFeb 18, 2026 7:49 AM
Aditya Birla Group-owned metals producer Hindalco HALC.NS up 0.4% to 890.1 rupees
HBSC retains "Buy"; keeps PT unchanged at 1,210 rupees
Calls negative stock reaction to Novelis's Oswego fire, consolidated debt increase excessive
Co posts 45% y/y fall in Q3 profit, hurt by expenses linked to fire-related disruptions at its U.S. unit Novelis last year
Notes while March quarter could be another weak one for Novelis, net debt should decline from H2 FY27
Believes large part of Oswego fire impact seen in Q3; impact will sequentially lessen in upcoming quarters as restart progresses
Stock rated "Hold" on average; median PT is 913 rupees, per data compiled by LSEG
YTD, HALC up 0.8%
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