Hindalco Industries Ltd Share Price (HINDALCO)

Prabhudas Lilladher Gives Buy Call on Hindalco Industries - 25 Apr, 2024

Prabhudas Lilladher has given a buy call on Hindalco Industries with a target price of Rs 658. The company reported a consolidated total income of Rs 53,088 crore for the quarter ended December 31, 2023, down -2.83% from the last quarter and -.80% from the same quarter last year. Promoters hold 34.64% stake in the company as of March 31, 2024.

Hindalco Industries Stock Rallies 17% in a Month - 18 Apr, 2024

Shares of Hindalco Industries have rallied 17% in the last month, erasing all losses to turn positive for 2024. JPMorgan issued an overweight call on the stock and raised its price target to ₹665 from ₹600 earlier, citing a constructive non-ferrous setup and increased price forecast for aluminium and zinc. Out of 27 analysts tracking Hindalco, 24 recommend buying the stock.

Hindalco Stock Shows Bullish Momentum Amid Global Aluminium Price Surge - 16 Apr, 2024

Hindalco Industries' stock has exhibited bullish momentum with a fresh breakout seen above a Symmetrical Triangle pattern. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 700 in 2 months. However, the stock also shows signs of weakness at higher levels. Additionally, Hindalco and NALCO stocks increased due to soaring global aluminium prices following new US and UK restrictions on Russian metals.

Hindalco Gains Amid Red Market - 15 Apr, 2024

Hindalco Industries gained amid a bearish market as Prabhudas Lilladher predicts a YoY increase of 33.6% in net profit. The London Metal Exchange's ban on Russian metal production also boosted trading. Over 150 stocks touched their 52-week high.

Hindalco's ROCE Remains Flat - 12 Apr, 2024

Hindalco Industries' Return on Capital Employed (ROCE) has remained relatively flat at around 9.6% over the past five years, which is a low return and under-performs the Metals and Mining industry average of 15%. If the underlying trends persist, the company may not be a multi-bagger going forward.

Jefferies Raises Target Price for Hindalco as Stock Rises - 10 Apr, 2024

Jefferies has raised its target price for Hindalco Industries Ltd by 20% to Rs 700 due to rising metal demand. The stock has risen around 12.05% in the last month and is up 43.22% in the last year. Meanwhile, Jefferies upheld buy ratings on Hindalco Industries stocks.

Hindalco Industries Rises on News of Potential Increase in Anti-Dumping Duty - 01 Apr, 2024

Shares of Hindalco Industries rose nearly 2.50% after news that the Indian government may increase anti-dumping duty on aluminum foil imported from Thailand, which could benefit Hindalco.

Hindalco Included in T+0 Settlement System; Adani to Bridge Domestic Production Gap - 28 Mar, 2024

Hindalco Industries will now be part of the T+0 settlement system, while Adani's new copper production capacity could fill the gap left by Vedanta's Sterlite Copper unit closure.

India Initiates Anti-Dumping Probe on Aluminium Foil Import; Hindalco Crosses Two-Month Highs - 27 Mar, 2024

Hindalco Industries crosses two-month highs as it is expected to cover the whole gap. India's anti-dumping probe into imported aluminium foil from China follows complaints by domestic players including Hindalco.