Buy Hindalco With Short-Term Target Of Rs 220

Buy Hindalco With Short-Term Target Of Rs 220Technical analyst Sudhanshu Pandey of FRR Shares and Securities has maintained 'buy' rating on Hindalco Industries Limited stock with a short-term target of Rs 220.

According to analyst, the investors can hold the stock with a stop loss of Rs 195.

The stock of the company, on November 30, closed at Rs 206.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 239.35 and a low of Rs 133.10 on BSE.

Current EPS & P/E ratio stood at 10.76 and 19.76 respectively.

Hindalco Industries has announced a surge of 26.09% in its net profit, which stood at Rs 4,338.1 million for the three month period ended Sep 2010.

The company has a net profit of Rs 3,440.5 million during the corresponding period of 2009.

The company's net sales grew by 18.06% to Rs 58,027.6 million for July-September quarter as compared to Rs 48,925.6 million for the same quarter ended Sep 2009.

Hindalco has been meliorating its recital progressively.

It is constantly leveraging its fundamental powers to deliver investor worth.

The company will make an effort to deliver good outcomes in spite of harsh inflationary pressures and broad fluctuations in the LME.