INSUBCONTINENT EXCLUSIVE:
Dharmesh Shah of ICICI Direct has buy call on Hindalco Industries Ltd
with a target price of Rs 210.0
The current market price of Hindalco Industries Ltd
is Rs 201.05 Dharmesh Shah recommended to keep stoploss at Rs 191
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap
company (having a market cap of Rs 44425.87 Crore) operating in Metals - Non Ferrous sector
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 30-06-2019, the company has reported a Consolidated sales of Rs 29972.13 Crore, down -11.18 % from last quarter Sales
of Rs 33745.62 Crore and down -3.56 % from last year same quarter Sales of Rs 31077.53 Crore Company has reported net profit after tax of Rs
1061.72 Crore in latest quarter
The company’s top management includes Mr.Askaran Agarwala, Mr.Debnarayan Bhattacharya, Mr.Girish Dave, Mr.Kailash Nath Bhandari, Mr.Kumar
Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, 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