Buy Hindustan Zinc, target price Rs 890: Anand Rathi

Anand Rathi has buy call on Hindustan Zinc with a target price of Rs 890. The current market price of Hindustan Zinc Ltd. is Rs 689.75.

Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 290807.58 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 31-03-2024, the company reported a Consolidated Total Income of Rs 7822.00 Crore, up 2.84 % from last quarter Total Income of Rs 7606.00 Crore and down -11.75 % from last year same quarter Total Income of Rs 8863.00 Crore. Company reported net profit after tax of Rs 2038.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 64.92 per cent stake in the company as of 31-Mar-2024, while FIIs owned 0.6 per cent, DIIs 2.98 per cent.