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Buy Hindustan Zinc, target Rs 335: Sagar Doshi

ETMarkets.com|
Oct 04, 2017, 08.44 AM IST
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Sagar Doshi of Edelweiss Financial Services has a buy call on Hindustan Zinc with a target price of Rs 335.

The current market price of Hindustan Zinc is Rs 313.55.

Time period given by the analyst is intraday when Hindustan Zinc price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 305.

Hindustan Zinc, incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 1,32,484.88 Crore) operating in Metals - Non Ferrous sector.

Hindustan Zinc key Products/Revenue Segments include Lead/Zinc which contributed Rs 16,577 Crore to Sales Value (88.18 per cent of Total Sales), Silver which contributed Rs 1,889 Crore to Sales Value (10.04 per cent of Total Sales), Wind Energy which contributed Rs 176 Crore to Sales Value (0.93 per cent of Total Sales), Scrap which contributed Rs 111 Crore to Sales Value (0.59 per cent of Total Sales), Other Operating Revenue which contributed Rs 45 Crore to Sales Value (0.23 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 5,013 Crore, down 25.80 per cent from last quarter Sales of Rs 6,756.15 Crore and up 100.40 per cent from last year same quarter Sales of Rs 2,501.47 Crore.

Company has reported net profit after tax of Rs 1,876 Crore in latest quarter.

The company's 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 31-03-2017, the company has a total of 4,225,319,000 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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