Hindalco Industries may test Rs 125: Gopi Suvanam

Oct 18, 2013, 06.17 PM IST

Gopi Suvanam, Founder of InvestWorks feels that Hindalco Industries may test Rs 125.

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Hindalco Industries may test Rs 125: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks feels that Hindalco Industries may test Rs 125.

Like this story, share it with millions of investors on M3

Hindalco Industries may test Rs 125: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks feels that Hindalco Industries may test Rs 125.

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Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, " Tata Steel has corrected significantly from its lows, but there is still some buying opportunity in Hindalco Industries . There is some regulatory risk. Given fair value it should be going up to Rs 125 odd levels, but post this regulatory risk that might subside soon."

On October 18, 2013 Hindalco Industries ended at Rs 114.70, up Rs 3.50, or 3.15 percent.

The share touched its 52-week high Rs 137.00 and 52-week low Rs 83.05 on 02 January, 2013 and 07 August, 2013, respectively.

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