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Sell Hindalco, target of Rs 62: IIFL

Posted on: July 1st 2009 in Brokerage Recommendations.

IIFL has recommended a sell rating on Hindalco, with 12-month price target of Rs 62, in its report dated July 1, 2009. “Hindalco’s stock price has appreciated by 64% over the past three months. At the current price, the stock is trading at 6.5x EV/EBIDTA on FY10ii. At the consoli…

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