Leading brokerage firm Motilal Oswal Financial Services has increased the target of Hindalco Industries shares from ₹ 1,070 to ₹ 1,110 and advised “BUY”, which means there is a possibility of an upside of about 20% from the current price. The company believes that the future of Hindalco is strong as the international market environment is good, business in India is doing well, the company is expanding and its financial position is also strong. However, the fire at Novelis’ Oswego plant could impact earnings for some time, which could pose a challenge to overall performance.
Hindalco Share Price Target: Will Hindalco take off now? Brokerage Motilal Oswal gave a target of ₹ 1,110 – Market
