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 Industries
Morgan Stanley has maintained "overweight" rating on Hindalco Industries for a target of Rs 219. The brokerage sees upside in Hindalco's domestic earnings. Hindalco's coal security for nearly 60 per cent of its requirement is a positive, said Morgan Stanley. Deleveraging will follow with improved cash flows and current valuation looks attractive, the brokerage added.