Company updateBusiness Today
Brokerages stick to Buy calls on Hindalco shares
Positive+11
GreyOak summary
Brokerages maintained positive ratings on Hindalco, with Nuvama upgrading the stock and raising its target to Rs 1,184. Elara and Axis Securities kept their Buy ratings but lowered targets due to lower aluminium price assumptions. Hindalco's copper business reported a record Q2 EBITDA of Rs 1,670 crore, while the company reported consolidated EBITDA of Rs 12,800 crore.
What it affects
- Hindalco IndustriesHINDALCOPositive +11
Brokerages maintain Buy ratings with mixed target adjustments.Rolling sentiment Positive +53
Source
Read the original at Business TodayMore Hindalco Industries news
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