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Prabhudas Lilladher Recommends Holding Hindalco Industries with Rs 907 Target
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Prabhudas Lilladher Downgrades Hindalco to 'Hold', Sets Target at Rs 907
M
Moneycontrol
•
13-02-2026, 12:14
Prabhudas Lilladher Downgrades Hindalco to 'Hold', Sets Target at Rs 907
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Prabhudas Lilladher downgrades Hindalco Industries from 'Accumulate' to 'Hold'.
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Revised target price set at Rs 907, down from Rs 962.
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Downgrade due to higher leverage from Oswego incident and potential capex delays.
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Q3 consolidated operating performance was in-line, driven by strong India business offsetting Novelis drag.
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Novelis faces temporary headwinds; sharp rise in net debt impacting target price.
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