Hindalco -BUY
Reasons:- Hindalco expects to post a rise in January-March profit, boosted by higher aluminium prices and a better performance from its copper division, a top company official said on Friday.Hindalco, India's top copper and aluminium maker, had reported a 13 percent fall in net profit in October-December, dragged by a production disruption at one of its copper smelters."Considering aluminium prices were increased, and part of the copper business problems were taken care of, the fourth quarter (January-March) will be better," R.K. Kasliwal, group executive president and chief financial officer, said in an interview.Hindalco said it expects to produce 350,000 tonnes of copper in the coming year to March 2007 and scale up to 450,000 tonnes in the following year.
I think its a good buy for short term with a target of 200-210.Experts says it has a strong support at 155.
3 comments:
dear sir you are great....
sir ji,
on ur recomendation i have bought dena bank at 38.7 rs 1000 shares,but now it is moving in a negative direction what should i do........
please advice to hold or to sell it off..
Sir i bought 103 bharat forge what is the target?
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