Hindalco Industries may slip to Rs 150, says Anil Manghnani of Modern Shares & Stock Brokers.
Manghnani told CNBC-TV18, "I think if you look at the dollar index now starting to inch up a gain, after hitting about 78 it's starting to move again above 79. So I think that could be little dampener for some of the metal stocks and they have rallied. So, Rs 165 to Rs 175 could be a problem area for Hindalco and then post that a correction back to around Rs 150."
The company's trailing 12-month (TTM) EPS was at Rs 11.16 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 14.75. The latest book value of the company is Rs 155.07 per share. At current value, the price-to-book value of the company was 1.06. The dividend yield of the company was 0.91%.
