Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
229.50
Change Change %
-2.05 -0.89%

Updated:14 Nov, 2018, 15:59 PM IST

BSE
229.75
Change Change %
-1.85 -0.80%

Updated:14 Nov, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
CLSA
N/A
01-07-2014 Buy 174.75 215.00
N/A
Closed Long (1Y)
01-07-2015

CLSA upgrades Hindalco to buy from sell

CLSA says Hindalco's subsidiary Novelis Corp "will be a big beneficiary of the accelerating shift of global automakers from steel to aluminium given its strong franchise and upcoming capacities". Hindalco shares could double in four years, benefiting also from "a multi-year deleveraging cycle", it says, while noting that the cost structure at Indian smelters "is not as bad as we thought."

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