ICICI Direct's research report on Hindustan Zinc
Hindustan Zinc (HZL) is one of the world’s largest and India’s only integrated producer of zinc-lead and silver.World’s second largest zinc-lead miner and one of the lowest-cost producers of zinc globally HZL is the largest primary zinc producer in India, with 77% market share including alloys and 80% market share without alloys
Outlook
We retain our HOLD rating on the stock We value HZL at Rs 340 i.e. 7x FY23E EV/EBITDA
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