Motilal Oswal sets INR 1,170 target for Hindalco stock

Published on 10/25/2026 at 00:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 revenue reached INR 848.25 billion, up 8.60 percent quarter over quarter. For Hindalco stock, the next results date is November 6, 2026.

Capacity and valuation milestones

Motilal Oswal issued its INR 1,170 target on October 21, 2026.
First-quarter fiscal 2027 revenue reached INR 848.25 billion.
Hindalco stock closed at INR 882.50 on October 23, 2026, on the NSE.

Hindalco, INE038A01020, Illustration mit AI erstellt.

Hindalco Industries (ISIN INE038A01020) received an INR 1,170 price target from Motilal Oswal on October 21, 2026. The broker maintained its BUY rating while pointing to capacity expansion, downstream integration and a recovery at Novelis, according to Moneycontrol. The report puts net debt to EBITDA below 1.50 times from 1.95 times in the first quarter of fiscal 2027.

Three dates shape the setup

On September 25, 2026, Hindalco announced a board meeting for November 6, 2026, to approve results for the quarter ended September 30, according to StockFin.ai. On October 1, 2026, the company terminated its proposed AluChem acquisition after extended closing delays, the same filing summary said. On October 22, 2026, management said raw material costs could rise 5 percent in coming quarters, while Novelis is expected to deliver USD 500 per tonne in fiscal 2027, as reported by Economic Times.

What does the target depend on?

The operating case rests on stronger downstream products and a better Novelis contribution. In the first quarter of fiscal 2027, revenue reached INR 848.25 billion and net income was INR 70.13 billion, with the figures also reported by StockFin.ai. Revenue increased 8.60 percent from the previous quarter, while operating profit margin rose from 8.70 percent in the December 2025 quarter to 13.70 percent in the June 2026 quarter.

The next scheduled event is the November 6, 2026 board meeting and results release for the quarter ended September 30, 2026.

NSE close and market value

Hindalco closed at INR 882.50 on the NSE on October 23, 2026, according to TradingView. The same page lists a 52-week range of INR 770.15 to INR 1,176.00 and market capitalization of INR 2.02 trillion. For investors, the November results will test whether earnings growth can absorb raw material pressure and support the expansion thesis.