NSE: HINDALCO Share Price Financial Analysis & Valuation

Hindalco Industries Ltd. is a most liquid value blue chip company and also listed in TOP 20 Valuation Picks of NSE. HINDALCO is having low PE (Price to Earning), low PB (Price to Book) and high DY (Dividend Yield).

Hindalco Industries Ltd. is good enough to Outperformed the market. HINDALCO gives better return on an investment after adjusting for market-related volatility and random fluctuations as compared to market.

Hindalco Industries Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Hindalco Industries Ltd. has declared an equity dividend of Rs 3 per share. At the current share price of HINDALCO at Rs 647.10, this results in a dividend yield of 0.46 %.

As per the Fundamental Analysis of NSE:HINDALCO, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine HINDALCO underlying value and future prospects. All of this data is available in HINDALCO financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:HINDALCO, it is clearly understood that HINDALCO is Economical performer in terms of earnings and profit margins with an EPS of 13.87. NSE:HINDALCO book value per share as of today is 260.29. The current price to book ratio for HINDALCO as of May 04, 2024 is 2.49.

Valuation of the Stock: The current valuation of HINDALCO stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of HINDALCO whether to BUY this stock at current valuation. The delivery percentage of HINDALCO is 56.42% is very crucial parameter which shows that 56.42% investors are anticipating that the price of HINDALCO share should go up with VWAP at 646.79.

Now, the main question is whether to BUY or SELL, NSE:HINDALCO at current valuation.
As per latest Analysis No. #1791:-

⇑ STRONG BUY HINDALCO if All Greens

⇗ BUY HINDALCO (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD HINDALCO (With Stop Loss) if only 1 Green

⇘ SELL HINDALCO if NO Green Indicator

NSE: HINDALCO Share Price Today (May 04, 2024)

(Hindalco Industries Ltd. Daily Analysis on the basis of HINDALCO Intraday Graph & Trend)

Hindalco Industries Ltd. share price moved Up by 0.88% from its previous close of Rs 641.45. HINDALCO stock last traded price is 647.10. HINDALCO share price trend is Up with a total of 10633995 stocks traded till now. It has touched an intraday high of Rs 655.05 and an intraday low of Rs 638.40. The HINDALCO trading at 647.10, Up by Rs. 5.65, or 0.88 percent which suggests that most of the Traders are anticipating that the price of HINDALCO share should go Up.

NSE: HINDALCO Share Price Tomorrow Prediction

(Hindalco Industries Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of HINDALCO)

Hindalco Industries Ltd. share price moved Up by 0.88%. HINDALCO share price short term trend is Up. It suggests that HINDALCO Share Price for Tomorrow remains the same with VWAP at 646.79 will be treated as stop loss for intraday traders. Hindalco Industries Ltd. Long term investors can follow the HINDALCO long term trend as mentiond in future forecast table.

NSE:HINDALCO News & Other Useful Information about HINDALCO Share Price

Peer Comparison of NSE: HINDALCO

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Iron & Steel