ICICI Direct has given Hold recommendation for Hindustan Zinc with a target price of Rs. 340 in its research report issued on Jul 23, 2021

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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