shares surged 1.99 per cent to close at ₹840.85 on Monday, marking a new 52-week high of ₹845.10 during intraday trading on the . The stock’s previous close was ₹824.45, with the day’s trading range between ₹827.00 and ₹845.10.
The rally came as the company formalized its acquisition plans by entering into a Share Purchase Agreement with Essel Mining & Industries Limited and its wholly-owned subsidiary EMIL Mines and Mineral Resources Limited on October 24, 2025.
Under the agreement, Hindalco will acquire 100 per cent shareholding in EMMRL, which is expected to become its wholly-owned subsidiary upon completion.
The transaction is scheduled to close on or before November 30, 2025, subject to satisfactory completion of conditions precedent outlined in the agreement. The company had initially announced its intention to acquire EMMRL in May 2025, with all terms and conditions remaining unchanged from the earlier disclosure.
Trading activity was robust, with 73.08 lakh shares changing hands, amounting to a traded value of ₹611.38 crore. The deliverable quantity stood at 46.71 per cent of total traded volume, indicating moderate investor conviction. The company’s total market capitalization reached ₹1,88,958.04 crore, with free float market cap at ₹1,21,445.41 crore.
Separately, Hindalco continues to navigate its AluChem Companies acquisition in the United States, which faces delays due to the ongoing federal government shutdown affecting the CFIUS review process.