Moneycontrol Be a Pro
Get App
Last Updated : Feb 22, 2017 01:01 PM IST | Source: Moneycontrol.com

Buy Hindalco; target of Rs 245: Centrum

Centrum is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 245 in its research report dated February 13, 2017.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More


Centrum's research report on Hindalco


EBITDA at Rs 11.9bn, was marginally below our estimates, led by strong performance of the aluminium division getting partially mitigated by a subdued show from the copper business. The aluminium division reported EBITDA of Rs 8.8bn (up 147% YoY) and blended EBITDA/t of US$419/t (vs US$144/t YoY and US$377 QoQ).


Outlook


We maintain our conviction buy on Hindalco (HNDL) with a revised TP of Rs 245 and continue to maintain it as our top bet in large cap metals space. HNDL continued to deliver superlative operational performance from domestic aluminium business (EBITDA/t at US$419) led by industry leading cost positioning at 11th percentile in the global cost curve, while Novelis’ performance remained strong (EBITDA/t at US$340).

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Feb 22, 2017 01:01 pm
Loading...
Sections
Follow us on
Available On