HINDALCO

HINDALCO(Hindalco Industries Limited)

18.01.2023 - CLSA on Hindalco Maintain Buy CMP 414.5 Target 580
02.01.2023 - Jefferies on Hindalco Maintain Buy CMP 485.5 Target 600
28.11.2022 - Macquarie on Hindalco Maintain Outperform CMP 431.2 Target 517
14.11.2022 - JpMorgan on Hindalco Maintain Overweight CMP 454.6 Target 520
09.11.2022 - CLSA on Hindalco Maintain Buy CMP 437 Target 525
06.10.2022 - Investec on Hindalco Maintain Buy CMP 412.3 Target 575
06.10.2022 - Jpmorgan on Hindalco Maintain Overweight CMP 412.3 Target 560
30.09.2022 - CLSA on Hindalco Maintain Buy CMP 391.9 Target 525
08.09.2022 - Jefferies on Hindalco Maintain Hold CMP 431 Target 390
10.08.2022 - Jefferies on Hindalco Maintain Hold CMP 432.4 Target 380
10.08.2022 - CLSA on Hindalco Maintain Buy CMP 432.4 Target 525
04.08.2022 - JpMorgan on Hindalco Maintain Overweight CMP 420.4 Target 565
04.08.2022 - CLSA on Hindalco Maintain Buy CMP 420.4 Target 525
08.07.2022 - CLSA on Hindalco Maintain Buy CMP 355.7 Target 580
17.06.2022 - CLSA on Hindalco Maintain Buy CMP 334.55 Target 580
27.05.2022 - CLSA on Hindalco Maintain Buy CMP 408 Target 580
27.05.2022 - JpMorgan on Hindalco Maintain Overweight CMP 408 Target 565(PREVTGT 600)
27.05.2022 - Jefferies on Hindalco Maintain Hold CMP 408 Target 440
17.05.2022 - JpMorgan on Hindalco Maintain Overweight CMP 397.25 Target 600
12.05.2022 - CLSA on Hindalco Maintain Buy CMP 422.5 Target 580(PREV TGT 695)
31.03.2022 - CLSA on Hindalco Maintain Outperform CMP 600 Target 695
31.03.2022 - Jefferies on Hindalco Maintain Buy CMP 600 Target 700
07.03.2022 - Jefferies on Hindalco Maintain Buy CMP 584 Target 700
11.02.2022 - CLSA on Hindalco Maintain Buy CMP 540.50 Target 655
08.02.2022 - JpMorgan on Hindalco Maintain Overweight CMP 523 Target 605
08.02.2022 - CLSA on Hindalco Maintain Buy  CMP 523 Target 620

CLSA ON HINDALCO : 20.05.2021

* MAINTAIN BUY TARGET: 490
* CLSA sees significant upside risk to consensus for  Hindalco
* Commentary From Peers: Strong Downstream Demand, Resilient Metal Prices
* See Significant Upside Risk To Consensus
* Expect Aluminium Metal Prices To Remain Resilient
* These Trends Augur Well For Its Earnings Outlook

KOTAK INSTL EQ ON HINDALCO : 24.05.2021

* MAINTAIN BUY TARGET: 500
* Kotak Instl Eq maintains BUY call on Hindalco, target Rs 500/sh
* India EBITDA Ahead Of Estimate, Led By Lower Costs At Its Aluminium Division
* India Aluminium Division Should Benefit From Strong Aluminium Prices
* Deleveraging At An Impressive Pace With Net Debt/EBITDA Reduced To 2.6x

BROKERAGE RADAR CITI ON HINDALCO : 09.08.2021

* Citi on Hindalco: Maintain BUY, Target at Rs 535/share
* Aluminium EBITDA margin 38% (13-yr high) vs 30% in Q4
• Reiterate Buy on strong aluminium LME outlook
* Novelis' resilient earnings, clear focus on organic growth

JPMORGAN ON HINDALCO : 09.08.2021

* JPMorgan maintains OVERWEIGHT call on Hindalco, target at Rs 540/sh
* Positioned Well Across Both Upstream & Downstream With Profitability at Decadal High
* Co Reported A Large Beat In Q1, Expect Earnings Across India & Novelis To Further Improve Hereon
• Raise FY22/23/24 EPS Estimates By 15%/8%/6%
* MAINTAIN OVERWEIGHT TARGET: 540

CLSA ON HINDALCO 

* CLSA maintains BUY call on Hindalco, target at Rs 500/sh
* Novelis Q1 Above Expectations
* Despite Headwinds
* Management Expects Aleris Synergies At $220 m/Yr In Next 3 Yrs
* With 65% EBITDA From Conversion Businesses, Co Has Most Resilient Earnings
* It's A Preferred Pick In Metal Space
* MAINTAIN BUY TARGET: 500