Sell Hindalco Industries, target Rs 175: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Hindalco Industries Ltd. with a target price of Rs 175. The current market price of Hindalco Industries Ltd. is Rs 182.7. Time period given by the analyst is Intra Day when Hindalco Industries Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 188. Hindalco Industries Ltd., incorporated in 1958, has a market cap of Rs 41031.64 crore.
Hindalco Industries Ltd. key Products/Revenue Segments include Copper/Copper Products which contributed Rs 22363.52 Crore to Sales Value (51.48 % of Total Sales), Aluminium which contributed Rs 21071.41 Crore to Sales Value (48.51 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 12372.66 Crore, up 3.64 % from last quarter Sales of Rs 11937.74 Crore and up 5.92 % from last year same quarter Sales of Rs 11681.10 Crore Company has reported net profit after tax of Rs 235.82 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 31-03-2019, the company has a total of 2,245,530,245 shares outstanding.