Hindalco share price: ICICI Securities maintains HOLD, price target Rs 417
Hindalco Share price: Novelis reported an inline adjusted EBITDA of US $505 mn in Q4FY21 (EBITDA/te of US $514). Novelis was categorical in playing down the EBITDA impact from a halt in auto production due to chip shortage and can maintain US $500/te of EBITDA in Q1FY22E. Aleris continues to benefit from the constructive building and construction markets
ICICI Securities maintain HOLD rating with a target of Rs 417/share. Novelis as an earnings trigger is largely exhausted in ICICI Securities view: Reuters