I bought Hindalco on the suggestion of Sudarshan Sukhani. Though, I felt like I did a mistake, he is bullish abt it even now. He has revised target from 115 to 105 now. S P Tulsian feels that demand for non-ferrous metals is on rise & Hindalco has reached its bottom. For ferrous metal companies margin is on decline.
So it wasn't a bad step really.
As it was expected; NTPC has issued a statement that it is ready to buy gas at $4.2 per mmBtu from non-controversial plants and this has led to increase in RIL share prices.
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