Hindalco Industries share price: Buy Hindalco Industries, price target Rs 485: Anand Rathi

Anand Rathi has a call to buy on Hindalco Industries with a target price of Rs 485. The current market price is Rs 417.35. The period given by the analyst is one month when . the price can reach the set target.

Hindalco Industries Ltd., incorporated in 1958, is a large capitalization company (having a market capitalization of Rs 94077.89 Crore) operating in the metals – non-ferrous sector.

The major products/revenue segments of Hindalco Industries Ltd. include copper/copper products, aluminum, other operating income and sale of services for the year ending March 31, 2021.


For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 56,057.00 Crore, up 11.11% from the previous quarter, total revenue of Rs 50,453.00 Crore and up 37.75% from the same quarter last year, total revenue of Rs 40,696.00 Crore. The company reported a net profit after tax of Rs 3850.00 Crore last quarter.


Promoter/Fii Holdings
The promoters held 34.64% of the company’s capital as of March 31, 2022, while the FIIs held 28.85% and the DIIs 19.22%.

(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The views expressed are those of the respective authors/entities. These do not represent the views of Economic Times (ET). AND does not warrant, for, endorse any of its content and hereby disclaims all warranties, express or implied, relating thereto.Please consult your financial adviser and seek independent advice.

Comments are closed.