Subscribe To Our Free Newsletter |
Why brokerages remain positive on Hindalco stock despite a 14% fall on Novelis shocker?
A clutch of brokerages remains optimistic about the long-term story of Hindalco expecting the company to benefit from Novlis capex, over time. While Jefferies, Motilal Oswal and JM Financial have reiterated their buy views, Kotak Institutional Equities has an 'Add' stance. Nuvama on the other hand has recommended a hold and cut the price target.