Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
203.35
Change Change %
0.25 0.12%

Updated:24 Jul, 2019, 09:19 AM IST

BSE
201.70
Change Change %
-1.30 -0.64%

Updated:24 Jul, 2019, 09:31 AM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Morgan Stanley
N/A
30-06-2016 Buy 122.95 147.00
N/A
Target Hit Long (1Y)
30-06-2017

Morgan Stanley initiates Hindalco Industries with overweight

Risk-reward ratio is favourable. Gradual deleveraging to continue to drive stock performance. Downstream, copper refining exposure limit earnings downside. Hindalco shares trades at 7.4 times its FY17 estimated EV/EBITDA. See return on equity improving from 2 per cent in FY2016 to 7 per cent in FY2018.

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