Hindalco Industries

Sell Hindalco: Motilal Oswal

Posted by : MMB Messenger

Motilal Oswal has downgraded its rating on Hindalco Industries to sell. Adjusted 2QFY09 PAT increased 12% YoY to Rs 7.2 billion.

Hindalco

Posted by : jdosvd

While I mantain my target of "Below 30" on the stock,the time period is reduced from one year to three months i.e.target should be achieved by 31/01/2009.

400@51

Posted by : trader777

Hey guys.. i bought 400 shares @ 51/- today.... can hold upto 3 month. wat is d future...

400@51

Posted by : trader777

Hey guys.. i bought 400 shares @ 51/- today.... can hold upto 3 month. wat is d future...

Hindalco

Posted by : jdosvd

Man cant U see that the man is in panic! When I was shouting hoarse on this board to SELL at 98 and do not subscribe to the rights he was heavily buying his stock! At 86 I pleaded with the small investor to exit as it would be going down to 45(went to 38).I then also took the view that this is the BEST stock in the market to short-sell.

Of course as the owner he has to support his battered company by `smart` projections.We have to read in between the lines especially in melting markets.They are in thick soup and are struggling that someone comes to support this fatigued stock.I feel sorry for them but here we have to make correct investments.Presently my call on Hindalco is "Buy around 55" to sell around 60-66 ie.Buy and sell the stock to him as he has again started buying his stock.One has to be alert in these markets.Imagine the plight of those who are holding/purchased above 100 levels! Regards.Jd.

P.S.If the underwrites lose their patience and off load their 20 crore shares U dont have to wait for one year for my target of "Below 30".Yes,in such a scenario,if it happens,just join in the selling!

My target

Posted by : ar_akm

Hi vkk43, If Hindalco`s down target met, then entry in big way can be taken for one to two years?

My target

Posted by : vkk43

Wait for the market to stabilise first. This time it will take sometime before it recovers.

My target

Posted by : ar_akm

Global markets are again melt down. Position of Indian stock markets shall again be bad as is seen previously as we follow US markets. In such so melt market PLEASE SUGGEST THEIR FAVOURITE THREE/FOUR PICKS/STOCKS FOR LONG TERM?

Market Summary
US Dow---7,997.28--427.47-(-)5.07%
Nasdaq---1,386.42---96.85-(-)6.53%
S&P 500---806.58----52.54-(-)6.12%

My target

Posted by : vkk43

Thanks for yr views. Share will remain weak.

My target

Posted by : vkk43

Thanks for yr views. Share will remain weak.

My target

Posted by : chani

Neutral -Medium term, Nov 18, 2008 Analysis Explanation
HINDALCO has broken the falling trend down, which indicates an even stronger falling rate. Has also broken a support level in the short term and given a negative signal for the short-term trading range. The stock has resistance at rupee 152. The volume balance is positive and strengthens the stock in the short term. The stock is overall assessed as technically neutral for the medium long term.

Today Mansukh securities has also given rate below 45 for buying and u must get out from stock. Look at the rate of world leader ALCOA which is again going to touch all time low of $9 very shortly and that company has also announced for production cut.

Chani

My target

Posted by : vkk43

I know this share is of Re. 1 only and as it is traded at 54/-, it would be 540/- on a face value of Rs.10/- share. I still feel this share in near term should not fall below 40/- in near term. Underwriting is made to ensure that the companies share are applied for in full and hence if shares hv devolved on underwriters, there is no stigma on company itself though no one could hv thought it earlier. Since underwriters will not be able to hold the shares for an unlimited period, at every higher level, shares will attract heavy selling from every corner, investors as well as underwriters too. However, thanks for your views. It is market, and it can even fall to yr suggested level of 25/- too in case market conditions deterirorate to that extent.

My target

Posted by : chani

Let me clear your doubt and thinking about this stock. hindalco is in severe downtrend and soon it is going to announce production cut. Alumunium has come to $1850 in LME and copper $3400 and how can this company survive. Further this company has got stigma on its head by devolving its right issue. Analaysis Napolian Pillai has give Rs. 25 target for this stock and if u go technically then support is at 40 and if it goes below then 25 next target. At this price of 54 is still expensive and u r in wrong feeling further because this stock is of 1rs paid and in other sense still it is Rs. 540 which is overpriced share. Novelis break-even point has been deffered for one more year and nobody knows whether that will come or not soon. so change your perception of this stock and wait for 25.
chani