English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Hindustan Zinc: A bet on faster recovery and attractive valuation

    Strong recovery in Q2 and improving earnings visibility should rerate HZL stock as valuations remain attractive

    Jitendra Kumar Gupta
    October 21, 2020 / 02:55 PM IST
    Hindustan Zinc: A bet on faster recovery and attractive valuation

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Contrary to Street apprehensions, the recovery in steel sector demand and prices has led to a sharp recovery in the zinc market and realisations per tonne. During the September 2020 quarter, LME zinc prices averaged at around $2340 a tonne, up 19 percent on a quarter-on-quarter basis. This is also reflecting in the financial performance of companies like Hindustan Zinc, with strong growth in revenue and profitability. Interestingly, the company indicated that the second half of the current fiscal...

    • PRO Panorama

      Moneycontrol Pro Panorama | Banking fragility and the heavy hand of the State

      Mar 24, 2023 / 02:00 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Fed's pause a clue to investors, layoffs a sign of structural slowdown in busin...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Between the Fed and a hard place

      Mar 11, 2023 / 11:38 AM IST

      The Fed is caught between combating inflation and worries over a financial mishap

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers