24 Sep 2025 | 5 Mins Read
Emkay upgrades Hindalco to "Buy", raises target price
Flipitmoney
Emkay Global upgraded Hindalco Industries' rating to 'Buy' and raised the target price to ₹900 apiece, implying a 21% upside potential. Analyst Amit Lahoti cited improving aluminium prices, cost leadership, and Novelis's likely bottomed-out profitability. The share price has traded largely flat over the past year, while Hindalco shares have risen 56% in two years and 370% in five years.