Research Reports'Buy' Hindalco Shares Maintains Motilal Oswal As Novelis, India Business Growth Outlook Remains Robust
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'Buy' Hindalco Shares Maintains Motilal Oswal As Novelis, India Business Growth Outlook Remains Robust
Motilal Oswal believes that Hindalco's Novelis' long-term outlook remains robust despite near-term challenges and India business maintains strong growth.
Hindalco Industries' stock is trading at 5.5x FY27E EV/Ebitda and 1.2x FY27E P/B. (Photo: Hindalco Industries website)
Volume growth across geographies will remain stable for Hindalco, and favorable pricing will limit cost pressure and maintain the margins in the medium term.