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Buy Hindalco Industries, price target Rs 212: Kunal Bothra

The analyst suggested a stoploss at Rs 195

Updated: Dec 11, 2019, 08.50 AM IST
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Independent analyst Kunal Bothra has a buy call on Hindalco Industries Ltd. with a target price of Rs 212. The current price of Hindalco Industries Ltd. is Rs 198.9. Time period given by the analyst is Intra Day when Hindalco Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep a stoploss at Rs 195 .

Hindalco Industries Ltd., incorporated in 1958, has a market cap of Rs 44673.75 crore.
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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