JM Financial reiterates Buy on Hindalco, target price Rs 800

JM Financial recommends buying Hindalco Industries with a target price of Rs 800. Currently priced at Rs 653.6, Hindalco exhibits promising growth in the Metals sector. The company's earnings and operational expansions, particularly in aluminium and copper products, indicate robust performance. Promoters hold 34.64% stake, with FIIs at 28.04% and DIIs at 24.22%.