Hindalco offers favourable risk-reward, says HSBC; sees stock at ₹1,430
Shares of Hindalco Industries Ltd. were trading nearly 2% lower on Monday despite a bullish view from global brokerage HSBC, which reiterated its ‘Buy’ rating on the stock and maintained a price target of ₹1,430 per share. At the current market price of ₹1,071.90, HSBC’s target implies a potential upside of around 31%. The brokerage…
