Accumulate Hindalco, says Gautam Vora

"Hindalco is a hold at this level, basically it has gotten beaten down because Aluminum prices have being going down but Aluminum prices have stabilized at these levels. But besides that just looking at the company on a fundamental note it's trading at enterprises value to EBITDA of about 5, which is phenomenal. It's trading at PE of about 8, which is amazing compared to the market. The stock is run by very good management and I have actually met the management and I think they are very sound bunch of people. Also they are coming up with new green flied capacities, which are going to be functional within the next 2-3 years, which is little longer view on it." He further added, "Currently this stock has not been moving that much because of the Aluminum prices that have down so much. But we do see Aluminum prices going back up in the near future. Also their earnings are expected to increase. The current buy out of a multi-national company that is also going to impact the bottomline of a company pretty soon and on a long-term basis on a one-year basis it's a phenomenal hold. You can buy more, accumulate more at these levels and for the short-term level I do see swing coming up."