Buy Hindalco at current levels from 12 month perspective: Alok Nanavaty

Alok Nanavaty, Director-Common Wealth Centrum Ltd. in an interview with ET Now talks about Hindalco.

Would you be recommending a Hindalco to your clients?

Hindalco has certainly been one of my favourite picks for a very long time. It is a company, which has been extremely well run and a lean and mean machine in that sense. It certainly is one of the lowest cost producers of aluminium around, so from a longer term perspective if you have a 12-month view, Hindalco can very easily go to the 170-180 mark assuming that we have a pickup in demand also, which comes in in the next 2-3 quarters because we have seen some amount of easing of demand from both in India as well as in China across base metals and others. So if you look at Hindalco from a 12-month perspective, I certainly find it fairly attractive at these levels.