Oct 19, 2016 03:50 PM IST | Source: CNBC-TV18

Hindustan Zinc may test Rs 260: Shahina Mukadam

Shahina Mukadam, Independent Market Expert feels that Hindustan Zinc may test Rs 260.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "In Hindustan Zinc we may see a decline in revenues as we already saw on the previous quarter. I do think that in terms of realisations this is going to be much better."

"Also I believe with the ongoing talks for acquisition of the government stake by Vedanta, I think the stock will remain in the limelight. Valuations if you see at 10 times EV by EBITDA still offers upside from here. So, even in the near-term I think a target of Rs 260 is likely irrespective of what the numbers declared to," she added.

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