Buy Hindalco Industries, target Rs 190: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Hindalco Industries Ltd. with a target price of Rs 190. The current market price of Hindalco Industries Ltd. is Rs 182.6. Time period given by the analyst is Intra Day when Hindalco Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 176. Hindalco Industries Ltd., incorporated in 1958, has a market cap of Rs 41010.58 crore.

Hindalco Industries Ltd. 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 shares outstanding.