Positive on Hindalco: Gurunath Mudlapur

In a chat with ET Now, Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd, talks about the outlook of Hindalco.

Hindalco standalone numbers were fairly encouraging. Would you recommend a buy on this stock?

Yes. We would recommend a buy for this company at least for the reason that it is now one of the largest players in the sector and there is demand which is expected to continue to be good and most of the negatives are priced into the stock. We do not expect an outperformance from this company but at least a market performance, that's how it is.