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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Credit Suisse Maintains Outperform on Nalco
Credit Suisse has maintained 'outperform' rating on Nalco with target price of Rs 57 per share. Credit Suisse says that alumina prices are at nine year high and capital expenditure on alumina refinery should aid return on capital employed. It says that Nalco's valuations are attractive and its EBITDA discount is attractive for Nalco compared to its rival Hindalco.