Buy Hindalco Industries Ltd., target Rs 170.0 : Centrum Broking

Centrum Broking has Buy call on Hindalco Industries Ltd. with a target price of Rs 170.0. The current market price of Hindalco Industries Ltd. is 154.8. Time period given by analyst is Intra Day, when Hindalco Industries Ltd. price can reach defined target. Centrum Broking believes that valuations are not stretched considering the solid operational performance and reduced capex which would aid in material balance sheet deleveraging over FY17-18.