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Hindalco: Buy Hindalco, target price Rs 475: Motilal Oswal


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Motilal Oswal has a buy call on Hindalco Industries with a target price of Rs 475. The current market price of Hindalco Industries is Rs 386.35.
Hindalco Industries Ltd, incorporated in the year 1958, is a Large Cap company with a market cap of Rs 86542.28 Crore, operating in Metals - Non Ferrous sector.
Hindalco Industries Ltd s key Products/Revenue Segments include Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2020.
Investment Rationale
Robust volume recovery in both India and Novelis
Strong profitability in its primary Aluminum business, given its low-cost integrated operations in India (in the top quartile globally) and higher LME prices ....

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