ICICI Direct recommended hold rating on Hindalco with a target price of Rs 200 in its research report dated May 17, 2019.
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Motilal Oswal is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 253 in its research report dated May 16, 2019.
CLSA SAID that the outlook for the company's business in the domestic market is muted due to weak aluminium prices.
Operating profit or Earnings before interest, tax, depreciation and amortization (EBITDA) was down 13.7 percent at Rs 1,263 crore, while margin was down 230 bps at 10.2 percent
Contra traders should look for short selling opportunity around 11,750/11,760 with a final stop loss at 11,810
The Nalco stock have corrected in the recent past from a high of Rs 90 to Rs 54.4 and is currently trading at seven times its FY21 estimated earnings
Net Sales are expected to decrease by 3.9 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 11,225.6 crore, according to ICICI Direct.
The top gainers from the PSU banking space are Bank of Baroda, Syndicate Bank, Punjab National Bank, Canara Bank, Bank of India and Indian Bank
The top Nifty gainers include IOC, BPCL, ONGC, Zee Entertainment and Coal India while the top losers included Hindalco, JSW Steel, Vedanta, Tata Steel and Kotak Mahindra Bank
The breadth of the market favoured the declines with 714 stocks advancing and 964 declining while 395 remained unchanged. On the BSE, 1050 stocks advanced, 1288 declined and 132 remained unchanged.
The breadth of the market favoured the advances with 976 stocks advancing and 574 declining while 512 remained unchanged. On the BSE, 917 stocks advanced, 575 declined and 99 remained unchanged.
Copper prices have risen sharply in 2019 partly due to tight supply conditions. It may also be a pointer to improving economic conditions
The top gainers from NSE included YES Bank, Indiabulls Housing, Zee Entertainment, Hero MotoCorp and Adani Ports while the top losers included BPCL, IOC, ONGC, Coal India and Hindalco Industries.
Motilal Oswal is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 302 in its research report dated February 12, 2019.
Volatility in Hindalco is very high ahead of its results. An Iron Condor trade can benefit from post results volatility crush
The breadth of the market favoured the advances with 844 stocks advancing and 658 declining while 534 remained unchanged. On the BSE, 822 stocks advanced, 536 declined and 81 remained unchanged
The breadth of the market favoured the advances with 825 stocks advancing and 721 declining while 507 remained unchanged. On the BSE, 987 stocks advanced, 771 declined and 95 remained unchanged.
Net Sales are expected to decrease by 1.6 percent Y-o-Y (up 0.2 percent Q-o-Q) to Rs. 10,849.5 crore, according to ICICI Direct.
The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November, marking the first contraction since May 2017.
On the downside, index has support at 10,800-10,777. Till it holds above 10,777 zones, overall bias could remain positive to range bound, said an expert
The breadth of the market favoured the declines with 639 stocks advancing and 857 declining while 549 remained unchanged. On the BSE, 723 stocks advanced, 815 declined and 86 remained unchanged.
The breadth of the market favoured the advances with 1140 stocks advancing and 442 declining while 475 remained unchanged. On the BSE, 1233 stocks advanced, 517 declined and 93 remained unchanged.