Hindalco can test Rs 175-178: Ashish Chaturmohta

Hindalco Industries can test Rs 175-178, says Ashish Chaturmohta, IIFL Private Wealth Mgmt.

Chaturmohta told CNBC-TV18, "In the metal space I think Hindalco is looking very strong. Also the stock has seen a very positive cost of carry in last three trading sessions. I believe that Rs 162-163 is a technical breakout as well. Upside towards Rs 175-178 looks likely in Hindalco.