Sell Hindalco Industries, target price Rs 397: IIFL

IIFL has sell call on with a target price of Rs 397. The current market price of . is Rs 410.7. Time period given by analyst is Intra Day when Hindalco Industries Ltd. price can reach defined target.

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 92280.15 Crore) operating in Metals – Non Ferrous sector.

Hindalco Industries Ltd. key Products/Revenue Segments include Copper/Copper Products, Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.


For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 56057.00 Crore, up 11.11 % from last quarter Total Income of Rs 50453.00 Crore and up 37.75 % from last year same quarter Total Income of Rs 40696.00 Crore. Company reported net profit after tax of Rs 3850.00 Crore in latest quarter.


Investment Rationale
The stock has given a bearish flag breakdown.

Promoter/FII Holdings
Promoters held 34.64 per cent stake in the company as of 31-Mar-2022, while FIIs owned 28.85 per cent, DIIs 19.22 per cent.

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