Hindustan Zinc surges in trade on the back of an overnight rally in metal prices. In an interview to CNBC-TV18, Sunil Duggal, MD & CEO of Hindustan Zinc spoke about the latest happenings in his company and sector.
Mitessh Thakkar of miteshthacker.com is of the view that metal stocks like Hindustan Zinc, JSW Steel and Hindalco Industries should see upside momentum.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage and Hindustan Zinc while he feels that PC Jeweller and Titan Company should rally further.
According to Sudarshan Sukhani of s2analytics.com, one can buy Yes Bank, Hindustan Zinc and Indraprastha Gas and sell Apollo Hospitals Enterprises while one can avoid HDIL.
The leading zinc producer is also expanding metal production capacity to 1.2 million tonnes (MT) by 2019-20 from around 1 million ton at present.
According to Ashwani Gujral of ashwanigujral.com, one can sell Cadila Healthcare and Just Dial and buy Hindustan Zinc.
Reliance Securities recommended hold rating on Hindustan Zinc with a target price of Rs 301 in its research report dated July 20, 2017.
Prakash Gaba of prakashgaba.com is of the view that some sideways action is not ruled out. The crucial support for the Nifty is at 9920 and the resistance is at 10036-10069. On the other hand, Bank Nifty has support at 24775 and resistance at 25550.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
ICICI Direct has recommended buy rating on Hindustan Zinc with a target price of Rs 310 in its research report dated July 21, 2017.
Edelweiss Securities recommended buy rating on Hindustan Zinc with a target price of Rs 340 in its research report dated July 20, 2017.
The company has reported 81 percent rise in Q1 net profit at Rs 1,876 crore against Rs 1037 crore in the same quarter last year.
Vijay Chopra of enochventures.com feels that Hindustan Zinc may test Rs 320-325.
Net Sales are expected to decrease by 22.5 percent Q-o-Q (up 91.7 percent Y-o-Y) to Rs 4850.5 crore, according to ICICI. Hindustan Zinc to report net profit at 2226.6 crore up 114.7% year-on-year.
According to Avinnash Gorakssakar, Market Expert, one may hold Hindustan Zinc.
Prakash Gaba of prakashgaba.com is of the view that one may stay invested in Hindustan Zinc.
Vishvesh Chauhan of Monarch Networth Capital advises buying Capital First with a target of Rs 790.
Prakash Gaba of prakashgaba.com suggests holding Hindustan Zinc while he feels that support for Havells India is placed at Rs 425.
Gaurang Shah of Geojit Financial Services recommends holding Hindustan Zinc.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
According to Mitessh Thakkar of miteshthacker.com, one can sell Asian Paints and buy Hindustan Zinc and Vedanta.
Mitessh Thakkar of miteshthacker.com is of the view that one may sell Capital First, Granules India and PTC India and can buy Grasim Industries and Hindustan Zinc.
Gaurav Ratnaparkhi of Sharekhan advises selling IDFC Bank with a target of Rs 53.50.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Godfrey Phillips India with a target of Rs 1400.