Hindalco, ATGL: Analyst flags weak trend amid 'Death Cross' on daily charts
Hindalco secured new business.
· Business Standard Mkts
Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone.
The analysis
Hindalco reported ₹560. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.2% on the day at ₹884.70, and has returned -8.8% over three months. It sits 23% below its 52-week high. The metals & mining sector has moved -9.5% over the same period, so Hindalco is running 0.7 points ahead of its peers.
For Hindalco, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- The 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 0 of 3 are higher: Hindalco leads at -0.2% and Adani Total Gas trails at -2.2%.
- Over three months: Hindalco -8.8% against Metals & Mining -9.5% (0.7 points ahead); State Bank of India (SBI) -6.2% against Banks -6.0% (0.2 points behind); Adani Total Gas -17.8% against Oil & Energy -5.7% (12.1 points behind).
- At least 25% below the 52-week high: Adani Total Gas (34%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HindalcoHINDALCO · Metals & Mining | ₹884.70 | -0.2% | -6.1% | -8.8% | -23.0% | 0.8× | — |
| State Bank of India (SBI)SBIN · Banks | ₹961.85 | -1.0% | +0.2% | -6.2% | -21.7% | 0.9× | — |
| Adani Total GasATGL · Oil & Energy | ₹534.45 | -2.2% | -10.0% | -17.8% | -33.9% | 0.8× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Hindalco
Banks
1M -3.4% · 3M -6.0%
State Bank of India (SBI)
Oil & Energy
1M -4.8% · 3M -5.7%
Adani Total Gas
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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