Momentum Pick: Hindalco shares may gain 6% in near term on weak dollar

Hindalco shares have underperformed not just the Nifty50 but also the Nifty Metal Index in the last one year. It has declined 32.8% as against a 1.4% fall seen in Nifty50 and 13.06% in Nifty Metal, according to the data sourced from Trendlyne.

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