Name: Latest research reports of Hindalco Industries Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Hindalco Industries Ltd.
Rating: 5
Author: Axis Direct

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	13 Sep 2025	Hindalco Industries	Consensus Share Price Target	758.05	751.56	-	-0.86	buy	pdf Detailed Estimates
	19 Dec 2022	Hindalco Industries	Axis Direct Target	758.05	502.00	460.15 (64.74%)	Target met	Buy	pdf post cache	Broker Report Pick of the Week:19 DEC 2022 Axis Direct We recommend a BUY rating on the stock with a target price of Rs 502/share, implying an upside of 10% from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
	15 Nov 2022	Hindalco Industries	Axis Direct Target	758.05	515.00	456.90 (65.91%)		Buy	pdf post cache	Broker Report Result Update:Hindalco Inds. 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 pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	Hindalco Industries	ICICI Securities Limited	758.05	515.00	429.85 (76.35%)		Buy	pdf post cache	Broker Report Good performance in challenging times; continuous focus on capital allocation a sweetener ICICI Securities Limited Hindalco’s (HNDL) Q2FY23 EBITDA at Rs53.6bn (down 30% YoY) was impacted by lower LME aluminium (Al) price and significant cost headwinds. pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	Hindalco Industries	SMC online	758.05		447.40 (69.43%)		Results Update	pdf post cache	Broker Report Hindalco SMC online pdf Copy Link Share on Share on Share on Share on Alert
	13 Nov 2022	Hindalco Industries	ICICI Direct	758.05	500.00	429.85 (76.35%)	Target met	Buy	pdf post cache	Broker Report Hindalco Industries ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	13 Nov 2022	Hindalco Industries	Motilal Oswal Target	758.05	520.00	455.55 (66.40%)		Buy	pdf post cache	Broker Report Results in line; coal costs to moderate marginally Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	09 Nov 2022	Hindalco Industries	ICICI Securities Limited Reco Target	758.05	515.00	417.10 (81.74%)		Buy	pdf post cache	Broker Report Transient headwinds; macro picture intact ICICI Securities Limited Novelis’ Q2FY23 EBITDA (adj.) of US$506mn (down 8% YoY) was impacted by cost headwinds, despite growth in shipments. pdf Copy Link Share on Share on Share on Share on Alert
	09 Nov 2022	Hindalco Industries	Motilal Oswal Target	758.05	510.00	417.10 (81.74%)		Buy	pdf post cache	Broker Report Result in line, guidance lowered for a quarter Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	02 Sep 2022	Hindalco Industries	ICICI Direct Target	758.05	500.00	420.55 (80.25%)	Target met	Buy	pdf post cache	Broker Report Hindalco Industries ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	30 Aug 2022	Hindalco Industries	Geojit BNP Paribas Reco Target	758.05	465.00	414.90 (82.71%)	Target met	Hold	pdf post cache	Broker Report HINDALCO INDUSTRIES LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
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Near 52W High of ₹772.65

Hindalco Industries Ltd. share price target

Hindalco Industries Ltd. has an average share price target of 745.50. The consensus estimate represents a downside of -1.66% from the last price of 758.05. View 28 reports from 8 analysts offering long-term price targets for Hindalco Industries Ltd..

Pick of the Week:19 DEC 2022

Result Update:Hindalco Inds.

Good performance in challenging times; continuous focus on capital allocation a sweetener

Hindalco

Hindalco Industries

Results in line; coal costs to moderate marginally

Transient headwinds; macro picture intact

Result in line, guidance lowered for a quarter

Hindalco Industries

HINDALCO INDUSTRIES LIMITED

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