Sell Hindustan Zinc Ltd with a target of Rs 232: Siddharth Bhamre

Independent analyst Siddharth Bhamre has a sell call on Hindustan Zinc Ltd. with a target price of Rs 232.0 .The current market price of Hindustan Zinc Ltd. is 251.8 Time period given by analyst is Intra Day when Hindustan Zinc Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 261.0 .

Hindustan Zinc Ltd., incorporated in the year 1966, is a largecap company with a market cap of ₹ 106393.53 crore operating in Metals - Non Ferrous sector.

Hindustan Zinc Ltd. key Products/Revenue Segments include Zinc Metal which contributed ₹ 10998.33 Cr to Sales Value (70.91 % of Total Sales), Litharge & Lead Metal which contributed ₹ 2071.16 Cr to Sales Value (13.35 % of Total Sales), Silver which contributed ₹ 1501.40 Cr to Sales Value (9.68 % of Total Sales), Others which contributed ₹ 399.98 Cr to Sales Value (2.57 % of Total Sales), Wind Energy which contributed ₹ 164.43 Cr to Sales Value (1.06 % of Total Sales), Scrap which contributed ₹ 140.91 Cr to Sales Value (0.90 % of Total Sales), Other Operating Revenue which contributed ₹ 123.40 Cr to Sales Value (0.79 % of Total Sales), Export Incentives which contributed ₹ 105.44 Cr to Sales Value (0.67 % of Total Sales), Rent which contributed ₹ 3.18 Cr to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 6756.15 Cr., up 36.66% from last quarter Sales of ₹ 4943.89 Cr. and up 120.09% from last year same quarter Sales of ₹ 3069.68 Cr. Company has reported net profit after tax of ₹ 3056.96 Cr. in latest quarter. The company’s CEO is Mr.Agnivesh Agarwal. It's Board of Directors include Mr.Rajendra Pandwal, Mr.Amitabh Gupta, Mr.Dilip Pattanayak, Mr.L S Shekhawat, Mr.Rajendra Pandwal, Mr.Ramakrishnan Kasinathan, Mr.Vikas Sharma, Mr.A R Narayanaswamy, Mr.Agnivesh Agarwal, Mr.Arun L Todarwal, Mr.Navin Agarwal, Mr.Nikunja Bihari Dhal, Mr.Sudhir Kumar, Mr.Sunil Duggal, Ms.Farida M Naik. Company has its registered office at Muthiyampatti, Tiruppur, Tamil Nadu. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2017, the company has a total of 4,225,319,000 shares outstanding.