BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Short (1M)
Religare recommends buy on Hindalco
Hindalco expects to embark on the second leg of growth upon successful net debt/EBITDA reduction to 3x by FY18 from 4.5x now, through a mix of debottlenecking and expansion in downstream projects involving low capex of Rs 1,000 crore (payback of 2-3 years), the brokerage said.