Dalal told CNBC-TV18, "We probably would be buyers on Hindalco at the current levels considering the fact that some of the smelters, which were shut in China due to power issues will lead to increase in prices for metals being exported there particularly for Novalis which was a big concern for Hindalco, which has been showing good numbers. I guess we would not be surprised if one sees numbers of Novalis higher than street estimate."
At 10:23 hrs the share was quoting at Rs 171.10, up Rs 1.85, or 1.09% on the NSE. Market capitalisation stands at Rs 32,738.84 crore.
The company touched its 52 week high Rs 179.80 and 52 week low Rs 47.70 on 05 Jan, 2010 and 23 Mar, 2009, respectively. Currently, it is trading -4.84% below its 52-week high and 258.7% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 7.16 per share. The stock's price-to-earnings (P/E) ratio was 23.87. The latest book value of the company is Rs 124.26 per share. At current value, the price-to-book value of the company was 1.38. The dividend yield of the company was 0.79%.
