Hindalco and NALCO have been downgraded to ‘reduce’ by InCred Equities. Here are 3 reasons why

Shares of Hindalco and National Aluminum Company (NALCO) fell 3% and 4% respectively on Tuesday. Citing weak growth prospects for the coming quarters, domestic brokerage firm InCred Equities downgraded both companies, leading to this decline. InCred assigned a target price of Rs 631 to Aditya Birla Group company Hindalco and projected a downside potential of […]