BUY TO SELL STOCKS FOR SHORT TERM GAINS

17th November 2012

HINDALCO BUY POTENTIAL UPSIDE: 16.6%

CURRENT MARKET PRICE: 108.90 TARGET PRICE: 127.00

BSE Code 500440 Market Cap (Crores) 20849.77

NSE Code HINDALCO P/E 11.12

Book Value 168.86 EPS 9.79

Face Value 1 Dividend Yield % 1.42

STOCK RECOMMENDATION

15% @ 90 DAYS – NOV 2012

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Comparative Chart (Last 1 Year) Hindalco & Nifty:

Nifty: 12.9 % Hindalco: -11.6 %

Stock Resistance and Support:

1st Resistance – 121 1st Support – 105 2nd Resistance – 127 2nd Support – 100

15% @ 90 DAYS – NOV 2012

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Financials at a Glance: Quarterly Results of Hindalco (Rs. In Millions)

Particulars Sep 2012 Jun 2012 Mar 2012 Dec 2011

Audited / UnAudited UA UA UA UA

Net Sales 61635.20 60279.40 76470.70 66469.70

Total Expenditure 56482.10 55648.20 67822.80 59320.50

PBIDT (Excl OI) 5153.10 4631.20 8647.90 7149.20

Other Income 1323.70 3014.30 1605.00 900.60

Operating Profit 6476.80 7645.50 10252.90 8049.80

Interest 278.60 814.70 800.60 793.40

Exceptional Items 0 0 0.00 0

PBDT 6198.20 6830.80 9452.30 7256.40

Depreciation 1727.50 1704.80 1657.90 1747.20

Profit Before Tax 4470.70 5126.00 7794.40 5509.20

Tax 881.90 878.30 1394.50 1002.30

Provisions and contingencies 0 0 0 0

Profit After Tax 3588.80 4247.70 6399.90 4506.90

Extraordinary Items 0 0 0.00 0

Prior Period Expenses 0 0 0 0

Other Adjustments 0 0 0 0

Net Profit 3588.80 4247.70 6399.90 4506.90

Equity Capital 1914.80 1914.80 1914.80 1914.80

Face Value (IN RS) 1 1 1 1

Reserves 0 0 0 0

Calculated EPS 1.87 2.22 3.34 2.35

Calculated EPS (Annualised) 7.50 8.87 13.37 9.41

No of Public Share Holdings 1142339940.00 1141329368.00 1139997125.00 1141500615.00

% of Public Share Holdings 59.67 59.61 59.54 59.62

15% @ 90 DAYS – NOV 2012

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Basis of Recommendation:

i) Technical Analysis

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