Barclays stays ‘overweight’ on HZL
We expect dividends from HZL to be higher than consensus estimates given cash flow requirements at the Sesa-Sterlite entity.
By ET Bureau |
Target: Rs 142, Current price: Rs 101
We continue to like HZL on the back of low-cost positioning strong balance sheet (c53% of market cap is liquid investments) and (c) attractive dividend yields (c4.7% on FY14E dividends).
We expect dividends from HZL to be higher than consensus estimates given cash flow requirements at the Sesa-Sterlite entity.
We continue to like HZL on the back of low-cost positioning strong balance sheet (c53% of market cap is liquid investments) and (c) attractive dividend yields (c4.7% on FY14E dividends).
We expect dividends from HZL to be higher than consensus estimates given cash flow requirements at the Sesa-Sterlite entity.
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