BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA maintains buy on Hindalco
CLSA has maintained its buy call on Hindalco for target price of Rs 160 per share. It expects 17 per cent EBITDA CAGR over FY16-19 and says Hindalco's stock still offers upside from current levels. CLSA expects balance sheet to see gradual improvement and India outlook is better on higher volumes.