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Buy Hindalco Industries, target Rs 250: Sagar Doshi

ETMarkets.com|
Sep 27, 2017, 09.02 AM IST
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Sagar Doshi of Edelweiss Financial Services has a buy call on Hindalco Industries with a target price of Rs 250.

The current market price of Hindalco Industries is Rs 234.45.

Time period given by the analyst is intraday when Hindalco Industries price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 224.

Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 52,598.32 Crore) operating in Metals - Non Ferrous sector.

Hindalco Industries key Products/Revenue Segments include Alumina which contributed Rs 19,982.76 Crore to Sales Value (50.73 per cent of Total Sales) and Copper/Copper Products which contributed Rs 19400.36 Crore to Sales Value (49.26 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 9,770.04 Crore, down 11.39 per cent from last quarter Sales of Rs 11,026.09 Crore and up 30.24 per cent from last year same quarter Sales of Rs 7,501.39 Crore.

Company has reported net profit after tax of Rs 289.51 Crore in latest quarter.

The company's top management includes Mr.Askaran Agarwala, Mr.Debnarayan Bhattacharya, Mr.Girish Dave, Mr.Jagdish Khattar, Mr.Kailash Nath Bhandari, Mr.Kumar Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, Mr.Yazdi Dandiwala, Mrs.Rajashree Birla.

Company has Price Waterhouse & Co LLP as its auditors.

As on 31-03-2017, the company has a total of 2,243,254,090 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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