In its latest research report, Nirmal Bang, an equity research firm said that Hindalco can give good returns in 1-2 trading sessions.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 98 to achieve a target of Rs 116.

The report also stated that, if the counter is successful to breach 118, then it will hit a target of Rs 222.

Today (Sep 08), the shares of the company opened at Rs 109.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.63 & 10.61 respectively. The share price has seen a 52-week high of Rs 127.50 and a low of Rs 36.90 on BSE.

Hindalco Industries Limited is an industry head in aluminium and copper. It is the world's biggest aluminium rolling company and one of the largest manufacturers of primary aluminium in the Asian market.

The company’s copper smelter is the world's biggest custom smelter at a single location.

Founded in 1958, Hindalco started its aluminium plant at Renukoot in Eastern U.P. in 1962. Afterward acquirements and amalgamations, with Indal, Birla Copper and the Nifty and Mt.Gordon copper mines in Australia, fortified Hindalco’s rank in value-added alumina, aluminium and copper products, with upright integration via access to captive copper concentrates.