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Home Market Research Business

D-Street has an upside & downside on Hindustan Zinc

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 1 min read
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D-Street has an upside & downside on Hindustan Zinc
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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.

ET Bureau



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Tags: DownsideDStreetHindustanUpsidezinc
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