Hindustan Zinc: Strong prospects getting priced in

The company is on course to achieve production guidance while outlook for zinc prices remains strong

Ujjval Jauhari 

Hindustan Zinc’s performance in the June quarter may have been softer than its record March quarter numbers with zinc and lead prices seeing some correction due to weak Chinese data. But, the company's overall prospects remain strong given the improved data for the month of June, which has led to a rebound in base metal prices in recent weeks.  Zinc prices on the London Metal Exchange (LME) averaged at $2,596 in the June quarter, which was 35 per cent higher year-on-year (y-o-y), but were 6.6 per cent lower sequentially. Average lead prices, too, were 26 ...

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