Buy Hindalco Industries, target price Rs. 791: Geojit

Geojit on Hindalco Industries for Rs. A buy call has been made with a target price of 791. The current market value of Hindalco Industries is Rs. is 685.9.

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs. 153990.51 Crore) operating in Metals – Non Ferrous sector.

Hindalco Industries Ltd.’s major products/revenue segments include sales of copper/copper products, fertilizers, other operating income, services for the year ending 31-Mar-2023.

Financial
For the quarter ended 31-03-2024, the company reported Rs. 56356.00 crores reported a consolidated total revenue, compared to last quarter’s total revenue of Rs. 53088.00 crores is 6.16 % and more. 560 crore in the same quarter of last year with a total revenue of Rs.560. . The company reported a net profit after tax of Rs 3175.00 crore in the latest quarter.

Promoter/FII Holdings
Promoters held 34.64 per cent stake in the company as on 31-Mar-2024, while FIIs held 26.82 per cent, DIIs 25.43 per cent.

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