Prabhudas Lilladher raises Hindalco target price to Rs 804

Prabhudas Lilladher has given a positive recommendation for Hindalco Industries, suggesting a target stock price of Rs 804. The company recently showcased its new brand identity at an exhibition. The focus of the event was on sustainability and eco-friendly practices. Hindalco aims to meet modern demands with its sustainable product development. The company is emphasizing specialty alumina, which has many applications across different industries. They are also working on new products to reduce imports and replace heavier metals. As aluminum use increases in sectors like construction, Hindalco plans to introduce innovative products, including new window and door brands, anti-rust roofing sheets, and modular kitchens. Looking ahead, Prabhudas Lilladher predicts aluminum prices to average around USD 2,593 to USD 2,632 per ton in the next two financial years. Currently, Hindalco's stock trades at a value that suggests growth potential. The revised target price reflects an optimistic view of the company's future performance. Investors are advised to seek guidance from certified experts before making decisions.