Mumbai, May 20 -- Hindalco shares also gained after a report suggested that the stock could be included in the Sensex during the June 2026 rejig. According to the report, Hindalco and Shriram Finance are among the key contenders for inclusion, while Trent could move out of the index. The report estimates Hindalco could see passive inflows of nearly $366 million if included in the Sensex.

Novelis reported adjusted EBITDA of $459 million in Q4 FY26, down 3% year-on-year, while adjusted EBITDA per tonne increased 10% to $544. The company said the improvement in EBITDA per tonne was supported by favourable scrap prices and higher insurance recoveries linked to the Sierre flood incident.

Net sales during the quarter rose 4% YoY to $4.8 billi...