Hindalco Rating
KOTAK INSTL EQ ON HINDALCO : 24.05.2021
* MAINTAIN BUY TARGET: 500
* Kotak Instl Eq maintains BUY call on Hindalco, target Rs 500/sh
* India EBITDA Ahead Of Estimate, Led By Lower Costs At Its Aluminium Division
* India Aluminium Division Should Benefit From Strong Aluminium Prices
* Deleveraging At An Impressive Pace With Net Debt/EBITDA Reduced To 2.6x
Hindalco Rating
