BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains outperform on Hindalco Industries
We see higher gains for Hindalco on account of lower hedging. Hindalco's EBITDA to rise both in India and at Novelis. Minor deleveraging in FY17 will drive upside further. We see $300/tonne drop in cost of production sustainable for Hindalco.