Can Vedanta Aluminium, NALCO shares crash up to 40%? Why InCred sees major downside (opens original article in a new tab)

InCred Equities warns of a 30-40% potential decline in aluminium stocks, citing recyclable nature and temporary supply issues, with shares of Vedanta Aluminium and NALCO already dropping significantly.

• InCred Equities advises exiting aluminium stocks due to potential 30-40% downside
• Aluminium is described as a recyclable metal with significant secondary supply sources
• Middle East supply disruptions are seen as temporary by the brokerage
• Aluminium stock prices have declined following falling metal prices