Buy Hindalco Industries, target price Rs 800: Motilal Oswal
Hindalco Industries Ltd. with a target price of Rs 800. The current market price of Hindalco Industries is Rs 693.05.
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 155799.52 Crore) operating in Metals — Non Ferrous sector.
Hindalco Industries Ltd. key Products/Revenue Segments include Copper/Copper Products, Fertilizers, Other Operating Revenue, Sale of services for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 56356.00 Crore, up 6.16 % from last quarter Total Income of Rs 53088.00 Crore and up .26 % from last year same quarter Total Income of Rs 56209.00 Crore. Company reported net profit after tax of Rs 3175.00 Crore in latest quarter.
Promoter/FII Holdings Promoters held 34.64 per cent stake in the company as of 31-Mar-2024, while FIIs owned 26.82 per cent, DIIs 25.43 per cent.
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