Company updateMoneycontrol
ICICI Securities maintains Buy rating on Hindalco with Rs 1204 target
Positive+52 sources
GreyOak summary
ICICI Securities maintains a Buy rating on Hindalco Industries with a target price of Rs 1,204. The firm cites better aluminium realisations and improving copper economics as drivers for a 43% year-on-year rise in consolidated EBITDA to INR 128.3bn. The report values the stock at 6.5x FY28E EV/EBITDA.
What it affects
- Hindalco IndustriesHINDALCOPositive +5
Rolling sentiment Positive +53
Source
Read the original at MoneycontrolMore Hindalco Industries news
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