Hindalco share price gains 2% post Q2 results; brokerages express mixed views

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₹552, while Motilal Oswal Financial Services has reiterated 'Buy' stance on the stock with a target price of ₹580 and sees potential upside of 21% from Friday's close price of ₹481. Hindalco share price today opened at ₹483.40 apiece on BSE.

“The stock prices are up by a 1% at the time of writing however we are seeing significant volume in the first couple of hours, the prices have come off form the morning highs but the formations looks strong and expect upmove to continue in near term. possibly prices may extend towards 510 in near term with 480 as support," said Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One.

Also Read: ONGC share price declines over 1% post Q2 results. Should you buy, sell or hold the stock? Check brokerage views For the quarter that ended in September, Hindalco Industries Ltd, the flagship company of the Aditya Birla Group, reported consolidated profits of Rs.

2,196 crore, which was flat year over year. Overall revenue from operations was ₹54,169 crore, a 3.7% YoY drop mostly attributable to a drop in copper prices around the globe.