Hindustan Zinc has target of Rs 144: Hemant Thukral

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Hindustan Zinc has target of Rs 144: Hemant Thukral

Hindustan Zinc has target of Rs 144, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Hemant Thukral See what other Experts & Brokerages are saying about Hind Zinc See messages about Hind Zinc

Hindustan Zinc has target of Rs 144, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla.

Thukral told CNBC-TV18, "Hindustan Zinc has actually seen fresh long built up on Friday. Clearly the stock has broken above that 200 DMA which is always a very difficult thing for any stock or index to go away. So fresh breakout above 200 DMA, so till it sustains about Rs 129-130 level, I feel that the momentum will continue for the next one or two trading sessions, which can take Hindustan Zinc to Rs 143-144. So anybody who is going long should keep a stop loss of Rs 129-130 and a target of Rs 144."

The company's trailing 12-month (TTM) EPS was at Rs 11.60 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 11.59. The latest book value of the company is Rs 53.33 per share. At current value, the price-to-book value of the company was 2.52. The dividend yield of the company was 0.74%.