Target Price:Rs244.00 CM Price:Rs186.00 Recommendation The bank has registered a compounded growth rate of around 60 per cent since it interception. We expect the bank to continue to grow at a high rate. We are very positive on the long term business prospects of the company and financial performance. At Current Market Price of...
Target Price:-Rs 127 CM Price:-Rs104.10 Investment thesis Favourable enviornment for standalone operations Hindalco’s low cost domestic operation is highly leveraged to aluminium prices. Aluminium prices have jumped sharply from its lows (~45%) triggered by strong recovery in China underpinned by tied up inventory at LME. Leadership in downstream products and monopoly in specialty alumina helps...