“Bullish on Hindalco, with a target price of ₹1,170, implying a 19% upside. Earnings are expected to be supported by strong LME prices and robust performance from India operations, aided by steady volumes and favorable aluminium prices. However, Novelis' earnings are projected to remain muted due to a shutdown at its Oswego facility.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%