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    HomeNewsBusinessStocksBuy Nalco; target of Rs 42: Motilal Oswal

    Buy Nalco; target of Rs 42: Motilal Oswal

    Motilal Oswal is bullish on Nalco recommended buy rating on the stock with a target price of Rs 42 in its research report dated September 05, 2020.

    Broker Research
    September 10, 2020 / 14:07 IST
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    Motilal Oswal 's research report on Nalco

    Nalco (NACL) surprised with higher-than-expected EBITDA at INR1.29b (est.: INR81m), led by cost reduction in the Aluminum business. However, it was down 33% YoY due to lower prices and volumes. -We raise our FY21 EBITDA estimate by 67% to factor recovery in LME prices, but maintain FY22 estimates. Maintain Buy.

    Outlook

    We value the stock at 5.5x FY22E EV/EBITDA to arrive at TP of INR42. Buy.

    For all recommendations report, 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.

    Broker Research
    first published: Sep 7, 2020 07:08 pm

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