Markets

Buy Hindustan Zinc, target Rs 315: Dharmesh Shah

Dharmesh Shah of ICICI Direct has buy call on Hindustan Zinc Ltd. with a target price of Rs 315.0 . The current market price of Hindustan Zinc Ltd. is Rs 297.25 Time period given by analyst is Intra Day when Hindustan Zinc Ltd. price can reach defined target. Dharmesh Shah recommended to keep stoploss at Rs 287. Hindustan Zinc Ltd., incorporated in 1966, is a largecap company with a market cap of Rs 125597.61 crore.

Hindustan Zinc Ltd. key Products/Revenue Segments include Lead/Zinc which contributed Rs 16577.00 Crore to Sales Value (88.18 % of Total Sales), Silver which contributed Rs 1889.00 Crore to Sales Value (10.04 % of Total Sales), Wind Energy which contributed Rs 176.00 Crore to Sales Value (0.93 % of Total Sales), Scrap which contributed Rs 111.00 Crore to Sales Value (0.59 % of Total Sales), Other Operating Revenue which contributed Rs 45.00 Crore to Sales Value (0.23 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 5310.00 Crore, down -15.41 % from last quarter Sales of Rs 6277.00 Crore and up 5.92 % from last year same quarter Sales of Rs 5013.00 Crore Company has reported net profit after tax of Rs 1918.00 Crore in latest quarter. The companys top management includes Mr.A R Narayanaswamy, Mr.Agnivesh Agarwal, Mr.Arun L Todarwal, Mr.Farida M Naik, Mr.Navin Agarwal, Mr.Sudhir Kumar, Mr.Sunil Duggal, Ms.Reena Sinha Puri. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 4,225,319,000 shares outstanding.

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