Hindalco shares: Analysts positive on long-term growth plan, maintain 'Buy'

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Hindalco shares: Analysts positive on long-term growth plan, maintain 'Buy' - Business Standard

Quick Summary:

With a larger scale and operational efficiency, margins are expected to expand over the medium to long term," analysts at Motilal Oswal Financial Services said after they attended Hindalco's Investor Day Meeting.

Prices are expected to remain resilient, supported by robust demand, China’s 45 MTPA supply cap, and escalating costs, ensuring favorable LME price strength for Hindalco's operations," it said.

While capex is expected to increase, we believe earnings would be robust enough to maintain consolidated net debt/Ebitda at less than 2x."We raise FY27 EV/Ebitda multiple for India business to 6x (earlier 5.5x).