Buy Hindustan zinc on every decline: Centrum Wealth Management

In a chat with ET Now, G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management, shares his views on Hindustan Zinc.

ET Now: What is the top large cap idea and we would believe there will be better times to buy or you would still go ahead and invest some money right now?

G Chokkalingam: I would still invest and buy Hindustan Zinc. This stock is the first in the large cap because fundamentally it is around 6-7 PE and lot of cash. Cash is around 35% of the market cap and also tactically there is a possibility of divesting stake in Hindustan Zinc and already we have seen that it would happen around 25% premium to the current price. So considering all these facts, the stock I would continue to buy for every small fall in the price.