Betadpur told CNBC-TV18, "For an investor in Hindalco Industries at this point the holding period has to be a few years for good outperformance. The stock is kind of range bound between Rs 100-140 in the near term, so some bit of patience is needed for the investor. The QIP was a good thing because they have raised the funds, which are going to be used for some Greenfield ventures as to what we read and not for debt repayment. So the QIP was good, but our main fundamental concern for aluminum is that there are record inventories building up in LME and also in China, so the kind of inventory buildup we are seeing, fundamentally for prices of aluminum could weaken if we don't see a very strong recovery in the economies around the world, so that's a concern. Prices keep going up because of dollar weakness and if dollar starts strengthening again, Hindalco may take a hit. So in the near term there are negatives but in the long haul it would be a good holding."
