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.

Financials

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.

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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.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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