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Buy Hindalco Industries, price target Rs 216: CK Narayan

The analyst suggested a stoploss at Rs 205.

ETMarkets.com|
Updated: Dec 16, 2019, 09.01 AM IST
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Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 46796.26 Crore) operating in Metals - Non Ferrous sector.
CK Narayan of Chart Advise has a buy call on Hindalco Industries Ltd. with a target price of Rs 216.0 . The current price of Hindalco Industries Ltd. is Rs 208.35 . CK Narayan recommended to keep a stoploss at Rs 205 .

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 46796.26 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 % of Total Sales), Copper/Copper Products which contributed Rs 22138.28 Crore to Sales Value (48.39 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 29657.00 Crore, down -1.05 % from last quarter Sales of Rs 29972.13 Crore and down -8.77 % 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.

The company’s top management includes Mr.Askaran Agarwala, Mr.Debnarayan Bhattacharya, Mr.Kailash Nath Bhandari, Mr.Kumar Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, Mr.Sudhir Mital, Mr.Vikas Balia, Mr.Yazdi Dandiwala, Mrs.Rajashree Birla, Ms.Alka Marezban Bharucha. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-06-2019, the company has a total of 2,245,845,916 shares outstanding.

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