Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

CLSA on Hindalco
Buy, Target Price Rs 525
Stk corrected 18% over past month, driven by concerns over Novelis’ profitability, volatile aluminium prices & expected weakness in 2Q earnings
Believe any uptick in metal prices or clarity on Novelis’ outlook would likely to lead to a rerating

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Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!