743.3000 -6.85 (-0.91%)
NSE Sep 19, 2025 15:31 PM
Volume: 5.1M
 

Axis Direct
We maintain our BUY rating on the stock on the back of the above-mentioned tailwinds. We value the stock at 12MF EV/EBITDA multiple of 5.0x for Indian business and 6.0x for the Novelis operations on FY24 EBITDA estimates to arrive at a TP of Rs 515/share (from Rs 490/share). Our TP implies an upsid
Hindalco Industries Ltd. is trading above all available SMAs
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