Hindalco Share Worth: Purchase Hindalco Industries, Goal Worth Rs 413: ICICI Direct


ICICI Direct has positioned a purchase name with a goal worth of Rs 413. The present market worth of Hindalco Industries is Rs 391.25. worth can attain its goal. Analysts have given its timing as Intra Day. ., integrated within the yr 1958, is a Massive Cap firm (having a market cap of Rs 87853.22 Crore) working in Metals – Non Ferrous sector.

Hindalco Industries Ltd. Main Merchandise/Income segments embrace sale of Copper/Copper Merchandise, Aluminium, Different Working Income, Providers for the yr ended 31-March-2021.

monetary scenario

For the quarter ended 31-12-2021, the Firm reported Consolidated Complete Revenue of Rs.50453.00 Crore, up 4.97% from final quarter’s Complete Revenue of Rs.48063.00 Crore and 43.00% up from Rs.35281.00 Crore for the corresponding quarter final yr. above. Firm has reported Web Revenue after Tax of Rs 3672.00 Crore in newest quarter.

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funding logic
Positioned at 61.8% retracement of earlier main rally (225-636), gives favorable risk-reward



Promoter/FII Holdings
As of March 31-March-2022, promoters held 34.64 per cent stake within the firm, whereas FIIs held 28.85 per cent, DIIs held 19.22 per cent.

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