Sell Hindustan Zinc, target price Rs 296: Centrum Broking

Centrum Broking has sell call on Hindustan Zinc with a target price of Rs 296. The current market price of Hindustan Zinc Ltd. is Rs 331.

Time period given by analyst is one year when Hindustan Zinc Ltd. price can reach defined target.

Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 139541.16 Crore) operating in Metals - Non Ferrous sector.


Hindustan Zinc Ltd. key Products/Revenue Segments include Scrap, Wind Energy, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 6433.00 Crore, down -6.50 % from last quarter Total Income of Rs 6880.00 Crore and up 6.33 % from last year same quarter Total Income of Rs 6050.00 Crore. Company reported net profit after tax of Rs 2017.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 64.92 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.34 per cent, DIIs 0.23 per cent.