Upgrade Hindalco to ‘buy’ as steady rise on RoE ensured

Net debt increased by ~ Rs 80bn YoY. Higher commodity prices will lead to higher working capital requirement and may lead to higher ND/EBITDA numbers for Q1FY22E.

from The Financial Express https://ift.tt/3oPTInG
https://ift.tt/eA8V8J ICICI Securities

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