Aluminium Prices: Higher aluminium prices generally boost Hindalco's revenue and profitability, driving stock price up.

Demand & Supply: Increased global demand for aluminium, especially from key sectors like construction and automotive, positively impacts stock prices.

Economic Growth: Stronger global economic growth often translates to increased demand for aluminium products, benefiting Hindalco.

Government Policies: Changes in import/export duties, environmental regulations, or infrastructure spending can affect Hindalco's operational costs and profitability.

Company Performance: Hindalco's financial results (revenue, profit, debt) directly influence investor sentiment and stock valuation.

Currency Fluctuations: As a global player, currency fluctuations, particularly INR vs USD, affect Hindalco's export revenues and import costs.

Mergers & Acquisitions: Any significant M&A activity involving Hindalco or its competitors can impact market perception and stock price.

Interest Rates: Changes in interest rates can affect borrowing costs for Hindalco, influencing profitability and investor sentiment.

Investor Sentiment: Overall market sentiment and risk appetite play a role in Hindalco's stock price movements, even absent company-specific news.

Global Events: Events like geopolitical tensions or trade wars can disrupt aluminium supply chains and impact Hindalco's operations and stock value.