Sell Hindalco Industries, target Rs 200: Jay Thakkar

Jay Thakkar of Anand Rathi has a sell call on Hindalco Industries Ltd. with a target price of Rs 200. The current market price of Hindalco Industries Ltd. is Rs 209.1 Time period given by the analyst is Intra Day when Hindalco Industries Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 215. Hindalco Industries Ltd., incorporated in 1958, is a largecap company with a market cap of Rs 46953.66 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 30-09-2018, the company has reported a Standalone sales of Rs 10833.02 Crore, up 2.26 % from last quarter Sales of Rs 10593.21 Crore and up 5.09 % from last year same quarter Sales of Rs 10308.21 Crore Company has reported net profit after tax of Rs 308.62 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.Yazdi Dandiwala, Mrs.Rajashree Birla, Ms.Alka Marezban Bharucha. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-09-2018, the company has a total of 2,245,349,407 shares outstanding.