Stock of the day : Buy Hindalco Ltd For Target Rs. 455 - Religare Broking
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HINDALCO LTD
* We are seeing gradual recovery in the metal space but participation is still restricted.
* Hindalco has been trading around the lower band of the rising channel on the weekly chart. Expect gradual recovery.
* It has witnessed a rebound and reclaimed the all the major averages on the daily chart.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Hindalco Ltd CMP 435.20; Range 434-436; SL 424; Target 455
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