New Delhi, Feb. 19 -- Aditya Birla Group's stock Hindalco jumped over 3 per cent on Wednesday after brokerage firm JP Morgan assigned 'overweight' rating, setting a target price of Rs.670 per share, indicating a potential 9.5% increase from Tuesday's closing price.

The brokerage firm JP noted that Hindalco's stock price could face fluctuations in the coming weeks. However, investors are closely monitoring key factors like scrap spreads and aluminium prices on the London Metal Exchange (LME) to assess the company's performance.

The brokerage indicated that Hindalco's stock price may experience volatility in the weeks ahead. However, investors are keeping a close watch on crucial factors such as scrap spreads and aluminium prices on the L...