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Hindalco Industries Limited is an Indian multinational aluminium and copper producer headquartered in Mumbai, Maharashtra. The company is a subsidiary of Aditya Birla Group.
The Hindalco share price has been on a bull run in recent years, rising from around ₹200 per share in 2017 to ₹452 per share as of August 2023. This is due to a number of factors, including the company’s strong financial performance, its focus on growth, and the growth of the Indian economy.
There are a number of factors that could affect the Hindalco share price in 2023. These include:
- The company’s financial performance: Hindalco is expected to report strong financial results for the financial year 2022-23. This could boost the share price.
- The growth of the Indian economy: The Indian economy is expected to grow at a healthy pace in 2023. This could also boost the Hindalco share price.
- The company’s focus on growth: Hindalco is investing heavily in new businesses, such as solar power and electric vehicles. This could help to improve the company’s long-term prospects.
Based on these factors, some analysts have forecast the Hindalco share price to reach ₹500-525 per share in 2023.
In 2024, the Hindalco share price could be further boosted by the company’s plans to invest in new capacity. The company is also expected to benefit from the growth of the electric vehicle market.
Some analysts have forecast the Hindalco share price to reach ₹550-575 per share in 2024.
By 2025, Hindalco is expected to be a leading player in the global aluminium and copper industry. The company is also expected to benefit from the growth of the Indian middle class.
Some analysts have forecast the Hindalco share price to reach ₹600-625 per share in 2025.
In the long term, Hindalco is expected to continue to grow and become a global leader in the aluminium and copper industry. The company’s share price could reach ₹700-750 per share by 2027.
By 2030, Hindalco could be one of the world’s most valuable aluminium and copper companies. The company’s share price could reach ₹800-850 per share by then.
The Hindalco share price is expected to continue to grow in the coming years. The company is well-positioned to benefit from the growth of the Indian economy and the global aluminium and copper industry. However, it is important to remember that the stock market is volatile and there is no guarantee that the Hindalco share price will always go up in value.