Hindalco
is today seeing a great boom. Hindalco's shares rose by 5 percent to
Rs 156.2 on the BSE is reached. What is the reason that Hindalco is
looking strong, let us know.
Actually yesterday evening and the world's largest
aluminum company Alcoa Hindalco's competitive than expected in the
United States has given good results. Alcoa in the third quarter
year-on-year revenue rose 8 percent to $ 6.2 billion. Alcoa profits
on an annual basis in the third quarter increased 3-fold to $37
million.
Better results are expected because of Alcoa is now a
subsidiary of Hindalco Novelis might offer even better results. The
season is scheduled to begin in India and Hindalco's earnings results
are expected to be even better.
Now
What to do Advice by Expert:
@ If
you want to trade in hindalco than you can buy near at 155 to 156 target
65, 78 with in stop loss 148.
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