Sell Hindalco Industries; target Rs 210: Kunal Bothra

Independent Analyst Kunal Bothra has a sell call on Hindalco Industries with a target price of Rs 210. The current market price of Hindalco Industries is Rs 218.05 Time period given by analyst is Intra Day when Hindalco Industries price can reach defined target. Kunal Bothra 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 48963.40 crore) operating in Metals - Non Ferrous sector.

Hindalco Industries key Products/Revenue Segments include Copper/Copper Products which contributed Rs 22363.52 crore to Sales Value (51.48 per cent of Total Sales), Aluminium which contributed Rs 21071.41 crore to Sales Value (48.51 per cent 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 per cent from last quarter Sales of Rs 10593.21 crore and up 5.09 per cent 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.