Is it good to invest in Hindalco?
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Is it good to invest in Hindalco?
Out of 24 analysts who have rated the Hindalco stock, 15 have rated it as strong buy and nine recommend buy. The Refinitiv database shows the valuations are also favourable for the stock. The counter trades at a 47 per cent discount to 5-year average PE and 51 per cent discount to Sensex’s trailing PE.
If you are looking for stocks with good return, Hindalco Industries Limited can be a profitable investment option. Hindalco Industries Limited quote is equal to 450.500 INR at 2021-12-17. With a 5-year investment, the revenue is expected to be around +101.05\%. Your current $100 investment may be up to $201.05 in 2026.
Why is Hindalco increasing?
Novelis contributes to more than two-thirds of operating profits for Hindalco. A rise in demand for beverage cans, auto sheets and packaging benefits Novelis as also the reviving demand from aerospace segment. Novelis had raised its margin guidance to more than $500 per tonne for FY22 at its June quarter earnings.
Is Hindalco a govt company?
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. The company has annual sales of US$15 billion and employs around 20,000 people….Hindalco Industries.
| Type | Public |
|---|---|
| Website | www.hindalco.com |
Is Hindalco a multibagger?
Now, the second multibagger from the elite club of 50 stocks is from the stable of Birlas — Hindalco Industries. Shares of Hindalco, which primarily produces aluminium, have risen 102 per cent year-to-date, doubling investor money in less than nine months.
Is Hindalco a government company?
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India….Hindalco Industries.
| Type | Public |
|---|---|
| Number of employees | 40,000 (2020) |
| Parent | Aditya Birla Group |
| Subsidiaries | Novelis Aleris |
| Website | www.hindalco.com |
Is Hindalco a large cap company?
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 106289.63 Crore) operating in Metals – Non Ferrous sector.
Who is the founder of Hindalco?
The head and founder of Birla Group, Ghanshyam das Birla, established Hindalco to move into the metals sector.
Who is the vice president of Hindalco?
sasi kumar – Vice President – Hindalco Industries Limited | LinkedIn.