Tuesday, August 11

D-Street has an upside & downside on Hindustan Zinc

Brokerages are mixed on Hindustan Zinc after its December quarter results, with analysts cheering the company’s strong operating performance, but turning cautious on rich share valuations. The stock rose 2.9% to ₹680.5 on Tuesday following the third-quarter performance. Price targets from Kotak and Nuvama imply a potential downside of about 21% and 13%, respectively, from Tuesday’s close, while Motilal Oswal’s target suggests an upside of around 6%. HSBC and Jefferies see room for gains of about 10% from current levels. 126904923
  • News Source Indiatimes (Click to view full news): CLICK HERE
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