Sell Hindalco Industries, target Rs 205: Shrikant Chouhan

INSUBCONTINENT EXCLUSIVE:
Shrikant Chouhan of Kotak Securities Limited has a sell call on Hindalco Industries Ltd
with a target price of Rs 205
The current market price of Hindalco Industries Ltd
is Rs 218.85
Time period given by the analyst is Intra Day when Hindalco Industries Ltd
price can reach the defined target
Shrikant Chouhan recommended to keep stoploss at Rs 223
Hindalco Industries Ltd., incorporated in 1958, is a largecap company with a market cap of Rs 49143.04 crore. Hindalco Industries Ltd
key Products/Revenue Segments include Copper/Copper Products which contributed Rs 22363.52 Crore to Sales Value (51.48 % of Total Sales),
Aluminium which contributed Rs 21071.41 Crore to Sales Value (48.51 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 10833.02 Crore, up 2.26 % from last quarter Sales of Rs
10593.21 Crore and up 5.09 % from last year same quarter Sales of Rs 10308.21 Crore Company has reported net profit after tax of Rs 308.62
Crore in latest quarter
Mangalam Birla, Mr.Madhukar Manilal Bhagat, Mr.Praveen Kumar Maheshwari, Mr.Ram Charan, Mr.Satish Pai, Mr.Yazdi Dandiwala, Mrs.Rajashree
Birla, Ms.Alka Marezban Bharucha
Company has Price Waterhouse Co Chartered Accountants LLP as its auditoRs As on 30-09-2018, the company has a total of 2,245,349,407 shares
outstanding