Prabhudas Lilladher has recommended accumulate rating on Hindustan Zinc with a target price of Rs 360 in its research report dated February 13, 2017.
Prabhudas Lilladher's research report on Hindustan Zinc
We factor in an increase of 15% in FY18 LME zince average on the back of continued deficit coupled with closure of large mines (due to depletion in reserves) amd ageing life cycle of mines. Driven by strong outlook on Zinc and quality assets, we maintain “Accumulate” with TP of Rs 360, P/E of 15x FY19E.
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