Buy Hindalco Industries Ltd., target Rs 185.0 : Deutsche Equities India

Deutsche Equities India has Buy call on Hindalco Industries Ltd. with a target price of Rs 185.0. The current market price of Hindalco Industries Ltd. is 162.6. Time period given by analyst is year, when Hindalco Industries Ltd. price can reach defined target. The supply-side discipline has fared better than expected so risk reward is still favourable, said the investment bank. Deleveraging is on track which should boost the stock. The consolidated net debt has fallen for the first time in seven years.