Stock market analyst Rajesh Jain of SMC Global Securities has maintained 'sell' rating on Hindalco stock with target of Rs 130.

According to Mr. Jain, the investors can sell the stock with stop loss of Rs 142.

Today, the stock opened at Rs 133.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 188.20 and a low of Rs 71.90 on BSE.

Current EPS & P/E ratio stood at 10.01 and 13.24 respectively.

Hindalco will spend around Rs 10,000 crore as a part of its growth plan in the existing financial year.

Mr. Sunirmal Talukdar, group executive president and chief financial officer, Hindalco Industries, stated that out of Rs 10,000 crore, Rs 7,000 crore will be raised via debt and the remaining Rs 3000 crore will be equity.

After recording good numbers, that witnessed its consolidated net profit climbing eight-fold to Rs 3,926 crore for fiscal ended March 31, Hindalco's directors said they anticipate domestic demand to register a double-digit growth in 2010-11.

But, the growth in North America and Europe will be modest.