Sell Hindalco Industries, target Rs 201: Pritesh Mehta

Pritesh Mehta of IIFL has a sell call on Hindalco Industries with a target price of Rs 201.

The current market price of Hindalco Industries is Rs 214.40.

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

Pritesh Mehta recommended to keep stoploss at Rs 222.


Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 48,132 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 31-12-2017, the company has a total of 2,244,889,146 shares outstanding.