Brokerages Cut Hindalco’s Target Price After Q3 Results\, But Retain Ratings

Brokerages Cut Hindalco’s Target Price After Q3 Results, But Retain Ratings
A porter walks past a shop that stocks products of Hindalco Industries Ltd., in an old section of New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

Brokerages Cut Hindalco’s Target Price After Q3 Results, But Retain Ratings

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Most analysts retained their ratings on Hindalco Industries Ltd. but slashed the target prices after the aluminium maker’s third-quarter profit fell despite lower raw material costs.Net profit of t...