The Economic Times daily newspaper is available online now.

    Buy Hindalco Industries, target price Rs 285: Kotak Securities

    Synopsis

    Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 41354.10 Crore) operating in Metals - Non Ferrous sector.

    hindalco
    Promoters held 34.7 per cent stake in the company as of June 30, 2020, while FIIs held 18.8 per cent, DIIs 27.3 per cent and public and others 19.3 per cent.
    Kotak Securities has given a buy rating to Hindalco Industries with a target price of Rs 285. The share price moved down by 1.40 per cent from its previous close of Rs 182.75. The stock’s last traded price is Rs 180.20.
    Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 41354.10 Crore) operating in Metals - Non Ferrous sector.

    Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium which contributed Rs 23610.88 Crore to Sales Value (51.60 % of Total Sales), Copper/Copper Products which contributed Rs 22138.28 Crore to Sales Value (48.39 % of Total Sales)for the year ending 31-Mar-2019.

    Financials
    For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 25,283 Crore, down 13.76 % from last quarter Sales of Rs 29,318 Crore and down 15.64 % from last year same quarter Sales of Rs 29972.13 Crore. The Company reported net profit after tax of Rs -712.00 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 34.7 per cent stake in the company as of June 30, 2020, while FIIs held 18.8 per cent, DIIs 27.3 per cent and public and others 19.3 per cent.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in