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Buy Hindalco Industries, price target Rs 210: Sagar Doshi

The analyst suggested a stoploss at Rs 193.

ETMarkets.com|
Updated: Dec 11, 2019, 08.36 AM IST
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Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 44673.75 Crore) operating in Metals - Non Ferrous sector.
Sagar Doshi of Edelweiss Financial Services has a buy call on Hindalco Industries Ltd. with a target price of Rs 210.0 . The current price of Hindalco Industries Ltd. is Rs 198.9 . Sagar Doshi recommended to keep a stoploss at Rs 193 .

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 44673.75 Crore) operating in Metals - Non Ferrous sector.

Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium which contributed Rs 23610.88 Crore to Sales Value (51.60 % of Total Sales), Copper/Copper Products which contributed Rs 22138.28 Crore to Sales Value (48.39 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 29657.00 Crore, down -1.05 % from last quarter Sales of Rs 29972.13 Crore and down -8.77 % from last year same quarter Sales of Rs 32507.00 Crore Company has reported net profit after tax of Rs 973.00 Crore in latest quarter.

The company’s top management includes Mr.Askaran Agarwala, Mr.Debnarayan Bhattacharya, Mr.Kailash Nath Bhandari, Mr.Kumar Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, Mr.Sudhir Mital, Mr.Vikas Balia, Mr.Yazdi Dandiwala, Mrs.Rajashree Birla, Ms.Alka Marezban Bharucha. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-06-2019, the company has a total of 2,245,845,916 shares outstanding.

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