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    Buy Hindalco Industries, target price Rs 550: ICICI Securities

    Synopsis

    Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 106289.63 Crore) operating in Metals - Non Ferrous sector.

    Hindalco
    Promoters held 34.6 per cent stake in the company as of June 30, 2021, while FIIs held 25.2 per cent, DIIs 20.6 per cent and public and others 19.6 per cent.
    ICICI Securities has buy call on Hindalco Industries with a target price of Rs 550. The current market price of Hindalco Industries is Rs 457.85.

    Time period given by analyst is one year when Hindalco Industries price can reach defined target.

    Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 106289.63 Crore) operating in Metals - Non Ferrous sector.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 41625.00 Crore, up 2.28 % from last quarter Total Income of Rs 40696.00 Crore and up 61.95 % from last year same quarter Total Income of Rs 25702.00 Crore. Company reported net profit after tax of Rs 2785.00 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 34.6 per cent stake in the company as of June 30, 2021, while FIIs held 25.2 per cent, DIIs 20.6 per cent and public and others 19.6 per cent.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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