If the steel prices remain firm and the company is able to ramp up pro duction, it may outperform peers such as JSW Steel and Tata Steel.
Hindalco's stock gained 3.3 per cent on the BSE at the end of the day's session while the benchmark S&P BSE Sensex lost 0.8 per cent.
Several valuation parameters seem to indicate that Indian equities are far from peaking.
Excluding these acquisitions, the estimated organic growth for the quarter was around 1.6 per cent.
The sustained rise of the Nifty has prompted analysts to forecast that the rally may stretch to 10,300 before investors were to entertain thoughts of any correction.
The sustained rise of the Nifty has prompted some analysts to forecast that the rally may stretch to 10,300.
Banks rely on these niche players with physical infrastructure to reach customers.
Avenue Supermarts' growth momentum likely to continue for next 2-3 quarters at least: analysts
This may improve prospects of the company's stock, which has been trading at a sharp discount to industry peers.
Nearly half of the stocks are trading at 10% lower than their one-year highs on BSE200.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon