Buy Hindalco Industries, target Rs 257: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Hindalco Industries with a target price of Rs 257.

The current market price of Hindalco Industries is Rs 242.70.

Time period given by the analyst is intraday when Hindalco Industries price can reach defined target.

Chandan Taparia recommended to keep a stop loss at Rs 235.

Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 54,483.46 Crore) operating in Metals - Non Ferrous sector.

The company’s top management includes Mr.Askaran Agarwala, Mr.Debnarayan Bhattacharya, Mr.Girish Dave, Mr.Jagdish Khattar, Mr.Kailash Nath Bhandari, Mr.Kumar Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, Mr.Yazdi Dandiwala, Mrs.Rajashree Birla.

Company has Price Waterhouse & Co LLP as its auditors.

As on 30-09-2017, the company has a total of 2,243,609,879 shares outstanding.