Hold Hindustan Zinc, advises Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "Purely, on the targets that we have set aside for Havells India, the targets are already in place. So, 5,000 shares IPO must have got benefit of corporate announcement and benefits. I would say at least reduce some quantity since our target is in place and possibly, you can diversify into either a public sector or a private sector bank. So one can choose from ICICI Bank or State Bank of India. I think it is prudent because on fundamentals whenever the targets are in place, it is always better to at least take, if not all than at least some part money off the table. So prudent to possibly sell some quantity and diversify."

"We have a hold recommendation on Hindustan Zinc and I think not too long ago there was a very healthy dividend payout. We do remain positive on the entire metal space and we believe that whatever is going to happen in terms of government spending, and of course the consumption theme, that is going to look quite robust. So, purely from a long term point of view, hold on to Hindustan Zinc," he added.