Hindalco Share Price Target

About Hindalco Industries Ltd. India Limited:

Hindalco Industries Limited, incorporated in the year 1958, Hindalco Industries Limited is a Large Cap company operating in Metals sector. Hindalco Industries Ltd. main Products/Revenue Segments include Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2020.

Overview:

1) Materials: Metals- Aluminium

2) Large Cap: Having a market cap of Rs 88,126.19 Crore

3) Risk: Moderate Risk (Volatility 2.50x)

4) 52 Weeks: High- 427.50, Low- 154.30 & Current Price-392.50

 

Fundamental Analysis:

The quarterly revenue of Mar 2021 is increased from Rs. 35,281 crores to Rs. 40,696 crores and the net profit of Mar 2021 is increased from 1,877 crores to 1,928 crores as compare to Dec 2020 quarter. Increase in revenue & increase in profit.

Deliveries: Last trading day stock delivery percentage 45.23 % (14-07-2021 till 10 am)

Overview:

1) P/E Ratio: 25.30

2) EPS- TTM : 15.50

3) PB Ratio: 1.50

4) Returns: 1 week 1.79%, 1 month -0.23%, 3 month 12.49% and 1 year 131.76% 

5) Shareholding Pattern:

• Promoters 34.64   Pledge 0
  
• FII: 25
• DII: 20.80 Mutual Fund: 11.37
• Others: 19.56
  

 

Technical Analysis:

Moving average: Bata India Limited stock currently trading at Rs. 392.50 which is above of 50, 100 & 200 days moving average

Moving average crossover: 

Short term: 5 & 20 DMA crossover-bullish

Medium term: 20 & 50 DMA crossover- bearish

Long term: 50 & 200 DMA crossover- bullish

 

Indicators:

RSI (14): RSI is bullish i.e.56.21

MACD (12,26,9): MACD is bullish

 

SWOT analysis:

Strength: 

1) Increasing in revenue & profits every quarter for the last 3 quarters

2) Zero promoter pledge

3) FII/FPI or institutions increasing shareholding

Weaknesses:

1) Decrease in MF's shareholding last quarter

2) Decrease in promoters shareholding

3) Declining in annual profits from last 2 years

Opportunities:

1) Brokers upgraded recommendations or target price in the past three months

2) Highest recovery from 52 week low

Threats:

No threats

Entry Point: Good time to consider for short term as well as long term because stock is not in overbought zone.

Short term target: The short term (7 days to one month) Hindalco Industries Ltd. share price target:

Target 1: Rs.399.75

Target 2: Rs. 405

Target 3: Rs. 427 ( for 3 to 6 months)

Stop loss:

Stop Loss 1: Rs.382

Hindalco Industries Limited (1 day chart)

About The Post 

Through this article, I shared with you some information about Hindalco Industries Ltd. If you like this article then share with your friends so that they can plan trading or long term investment from today. Apart from this if you have any problem or suggestion or feedback, then email me. I will try to help you.

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Stock Analysis by Ibrahim Ansari