Buy Hindalco Industries, target price Rs 515: ICICI Securities

Buy Hindalco Industries, target price Rs 515: ICICI Securities
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Synopsis

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 96594.72 Crore) operating in Metals - Non Ferrous sector.

Agencies
Promoters held 34.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.76 per cent, DIIs 21.52 per cent.
has buy call on Hindalco Industries with a target price of Rs 515. The current market price of is Rs 449.3.

., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 96594.72 Crore) operating in Metals - Non Ferrous sector.

Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 56504.00 Crore, down -2.96 % from last quarter Total Income of Rs 58229.00 Crore and up 17.56 % from last year same quarter Total Income of Rs 48063.00 Crore. Company reported net profit after tax of Rs 2203.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 34.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.76 per cent, DIIs 21.52 per cent.
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