Hindustan Zinc Ltd. News and Updates

Name: Latest research reports of Hindustan Zinc Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Hindustan Zinc Ltd.
Rating: 3
Author: Motilal Oswal

Keep track of all breaking news on Hindustan Zinc Ltd. from all sources in a single place.

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Hindustan Zinc Ltd.

21 Jul 2020, 12:00AM

442.05

1.55%

Volumes impacted by COVID-19 shutdown

Neutral: Hindustan Zinc Ltd.

Target

Motilal Oswal

21 July 2020 Revenue declined 9% QoQ (-20% YoY) to INR39.9b (v/s est. INR37.8b), primarily due to decline in volumes (208kt, -6% QoQ), Zinc LME (-8% QoQ) and premiums offset by currency depreciation (5%). Hindustan Zincs (HZ) 1QFY21 results reflect impact of the COVID-19 led shutdown, lower LME and adverse sales mix (higher exports). EBITDA was down 14% QoQ to INR15.8b (6% higher than est.), aided by lower costs. However, PAT inched up 1% QoQ to INR13.6b on higher other income (v/s est. We expect HZs EBITDA at 11% CAGR over FY20-22E despite lower LME, primarily on ~10% volume CAGR to 1,034kt. Maintain Derived Zinc realizations declined 11% QoQ to USD2,070/t (v/s 8% decline in LME zinc) due to lower realized premiums, which in turn was on account of higher exports (70% of volumes v/s normal level of 25%).

Hindustan Zinc Ltd. is trading above its 100 day SMA of 436.6

Hindustan Zinc Ltd.

25 May 2020

442.05

1.55%

Buy Hindustan Zinc; target of Rs 200: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Hindustan Zinc has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 22, 2020.

Hindustan Zinc Ltd. is trading below its 150 day SMA of 460.4

Hold Hindustan Zinc; target of Rs 195: Prabhudas Lilladher

Moneycontrol | 25 May 2020

Hindustan Zinc Ltd.

24 May 2020

442.05

1.55%

Despite dull business, downside limited for Hindustan Zinc stock

Business Standard

On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year

Hindustan Zinc Ltd.'s price crossed above 50Day SMA today

Hindustan Zinc Ltd.

22 May 2020

442.05

1.55%

Hindustan Zinc

Buy: Hindustan Zinc Ltd.

Target

ICICI Securities Limited

On account of Covid-19, the company halted operations from March 22, 2020 and gradually restarted operations from April 8, 2020. All mines and smelters of HZL were operational in a couple of weeks. In April 2020, HZL's mines and smelter were ramped up to 40% and 80% of capacity,...

Hindustan Zinc Ltd. is trading below its 150 day SMA of 460.4

Hindustan Zinc Ltd.

21 May 2020, 07:48PM

442.05

1.55%

Hindustan Zinc net dips; to pay dividend of 16.50 a share

Business Line

Hindustan Zinc reported that its net profit was down 33 per cent in March quarter to 1,339 crore from 2,012 crore due to sharp fall in realisation

Hindustan Zinc Ltd. is trading above its 100 day SMA of 436.6

Hindustan Zinc FY20 profit slips 14% to Rs 6,805 crore; defers guidance for FY21 due to coronavirus

Business Today | 21 May 2020, 04:41PM 2 more

Hindustan Zinc Ltd.

15 May 2020

442.05

1.55%

16.5% interim: Hindustan Zinc gets nod

Business Line

The board of Hindustan Zinc (HZL), a subsidiary of Vedanta, has approved an interim dividend of 16.5 an equity share for FY20 amounting to 6,972 c

Hindustan Zinc Ltd. is trading above its 100 day SMA of 436.6

Hindustan Zinc Ltd.

07 May 2020

442.05

1.55%

Hindustan Zinc (176.2): Buy

Business Line

Investors with a short-term horizon can buy the stock of Hindustan Zinc at current levels. The stock has been in a short-term uptrend since it took su

Hindustan Zinc Ltd. is trading above its 100 day SMA of 436.6

Hindustan Zinc (176.2): Buy

Business Line | 07 May 2020

Hindustan Zinc Ltd.

24 Mar 2020

442.05

1.55%

Hindustan Zinc Ltd

Buy: Hindustan Zinc Ltd.

Rudra Shares and Stock Brokers Ltd

As one of the largest producers of zinc, lead and silver in the world, Hindustan Zinc is well positioned to reduce India's dependence on imports and take on the mantle of creating a sustainable metal value chain. With a share of over 75% by volume, it enjoys a dominant position in the domestic zinc market. HZL's overall reserves and resources ensure a long-term mine life of over 25 years even though they reduced to 403 million MT in FY19 from 411 MMT in FY18.Company produced 13.8 MMT of ore in FY19, supported by a 27% on yearly basis increment in ore production from underground mines. However,...

Hindustan Zinc Ltd.'s price crossed above 100Day SMA today

Hindustan Zinc Ltd.

24 Jan 2020

442.05

1.55%

HINDUSTAN ZINC LIMITED

Hold: Hindustan Zinc Ltd.

Target

Geojit BNP Paribas

Q3FY20 witnessed weakness in Zinc prices, and decline in production activities. However, we expect recovery in the last quarter and maintained our HOLD rating on the stock with a revised target price of Rs. 228 based on 11x FY22E P/E. Production challenges weigh on Q3 performance In Q3FY20, revenue from operations fell 15.7% YoY to Rs. 4,672 cr mainly due to weaker revenue from Zinc (-17.6% YoY, 67.7% of total revenue), and Lead (-21.1% YoY, 14.0%), partially offset by slight improvements in Silver (1.9% YoY, 14.8%). Zinc...

Hindustan Zinc Ltd. is trading above its 100 day SMA of 436.6

Hindustan Zinc Ltd.

23 Jan 2020

442.05

1.55%

Buy Hindustan Zinc; target of Rs 245: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Hindustan Zinc has recommended buy rating on the stock with a target price of Rs 245 in its research report dated January 22, 2019.