Moneycontrol PRO

Hindustan Zinc: Valuation captures most positives; hope for higher dividend

Higher dividend payout will support valuation of Hindustan Zinc on the downside

October 25, 2021 / 09:33 AM IST
Hindustan Zinc: Valuation captures most positives; hope for higher dividend

Hindustan Zinc Ltd.

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

The September quarter results of Hindustan Zinc (HZL; CMP: Rs 322; Market Capitalisation: Rs 1,36,225 crore) were almost in line with Street expectations. Zinc prices have seen a sharp increase of 14 percent in October compared to the September average quarterly price of $3016. The increase in zinc prices was mainly on account of Belgium-based Nyrstar, one of the world’s largest producer of Zinc, cutting production by up to 50 percent at its three European smelters from October 13 due...

  • PRO Panorama

    Moneycontrol Pro Panorama | Fed may press harder taper pedal; a worry for markets?

    Dec 1, 2021 / 05:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Macros paint a happy picture, Tega Industries IPO, Lodha’s trump card, what keeps FMCG stocks on their toes, Pfizer vaccine’s untold story and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | The Harder They Fall 

    Nov 27, 2021 / 10:05 AM IST

    It’s early days yet, but stock investors are selling first and asking questions later

    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

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.

Get upto 50% discount on limited period offers