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Hindustan Zinc: Getting more aggressive on volume growth - IndiaNotes.com
Hindustan Zinc: Getting more aggressive on volume growth
Motilal Oswal | Published: 12 Feb, 2018  | Source : IndiaNotes.com

We roll over our target price to FY20E and adjust for special dividend. New target price at INR342 (earlier INR354) implies 12-13% upside and 7% dividend yield. Maintain Neutral. Recent volatility in stock price is an opportunity to buy the stock, as business fundamentals remain strong, in our view.

 

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About Motilal Oswal

Motilal Oswal was founded in 1987 as a small sub-broking unit, with just two people running the show. Today it has a 2000 member team with a networth of Rs7 bn and market capitalization as of March 31, 2008 at Rs19 bn.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

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