Hindalco Industries can test Rs 175-180: Vishal Jajoo

Hindalco Industries can test Rs 175-180 in next six month to one year, says Vishal Jajoo, Sr Equity Research Analyst, Nirmal Bang Securities.

Jajoo told CNBC-TV18, "One has to look at the fact that the kind of liquidity we are seeing in equities same kind of even if a portion of it is expected to go into commodities, metal companies should basically come up with good set of numbers. Hindalco's aluminum margins are at the multi quarter low levels. I think the worst is already there in the price. They came up with the numbers and there was a positive surprise from the copper segment."
He further added, "From a corporate perspective promoters subscribing to Rs 15 crore warrants of the company that