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Globally demand of copper has been down as more than 50% of copper was being consumed by China itself. However demand is receding now and this is causing pressure on all the commodity stocks.
Hindlaco is a stock which will catch a bull fervour above the level of Rs 130 and will remain in bearish grip below this level. If stock is not able to sustain on closing basis above 130 level on weekly closing basis; we are going to see a double digit mark for the stock.
Keep visiting us for latest analysis on Hindalco as it is a good stock and same must be under scanner for holding in a portfolio.
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