Buy Hindustan Zinc, target price Rs 325: JM Financial

JM Financial has buy call on Hindustan Zinc with a target price of Rs 325. The current market price of Hindustan Zinc Ltd. is Rs 316.

Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 133351.07 Crore) operating in Metals - Non Ferrous sector.

Hindustan Zinc Ltd. key Products/Revenue Segments include Scrap, Export Incentives, Other Operating Revenue and Wind Energy for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 7014.00 Crore, down -7.27 % from last quarter Total Income of Rs 7564.00 Crore and down -19.41 % from last year same quarter Total Income of Rs 8703.00 Crore. Company reported net profit after tax of Rs 1729.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 64.92 per cent stake in the company as of 30-Sep-2023, while FIIs owned 0.75 per cent, DIIs 2.98 per cent.