BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley maintains overweight on Hindalco
Morgan Stanley maintains overweight stance on Hindalco and has increased target price to Rs 183 per share. It says Hindalco is a top pick in metals and mining space. Deleveraging is likely to follow improved earnings and it has raised FY17 & FY18 EBITDA estimates by12 per cent and 6 per cent respectively.