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Buy Hindalco Industries, price target Rs 228: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Hindalco Industries Ltd. with a target price of Rs 228. The current price of Hindalco Industries Ltd. is Rs 216.95. Shrikant Chouhan recommended to keep a stop loss at Rs 210.

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 48604.32 Crore) operating in Metals Non Ferrous sector.

Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium which contributed Rs 23610.88 Crore to Sales Value (51.60 per cent of Total Sales), Copper/Copper Products which contributed Rs 22138.28 Crore to Sales Value (48.39 per cent of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30092019, the company has reported a Consolidated sales of Rs 29657.00 Crore, down 1.05 per cent from last quarter Sales of Rs 29972.13 Crore and down 8.77 per cent from last year same quarter Sales of Rs 32507.00 Crore Company has reported net profit after tax of Rs 973.00 Crore in latest quarter.

Source: Economic Times