Hindalco has hit a new 52-week high today in the afternoon at Rs.172.75 and the counter remains extremely robust and in the green.

This optimism can be directly attributed to the fact that given the new found love for metal stocks on the bourses for the past couple of days, various brokerage houses, including some foreign ones have started putting put reports, putting a buy call on the stock. The target price has been given at Rs.200 and that probably explains why the stock is on a new high today.