JPMorgan maintained its overweight rating on Hindalco with a target price of Rs 565 which translates into an upside of over 36 per cent from Rs 414 recorded on August 3, 2022.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 crore through September 19. Higher crude prices, elevated US bond
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed.
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