INSUBCONTINENT EXCLUSIVE:
Phillip Capital has maintained neutral rating on Hindustan Zinc in the long term with a target price of Rs 215
Hindustan Zinc shares ended down 1.9% at Rs 212.3 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.
Company
FinancialsFor the quarter ended 31-12-2019, the company has reported standalone sales of Rs 4626.00 crore, up 3.70% from last quarter sales
of Rs 4461.00 crore and down -16.50% from last year same quarter sales of Rs 5540.00 crore
The company has reported net profit after tax of Rs 1620.00 crore in the latest quarter
Ms.Kiran Agarwal, Ms.Reena Sinha Puri
Company has S R Batliboi - Co
As on 31-12-2019, the company has a total of 4,225,319,000 shares outstanding
deliver the annual production guidance, said Phillip Capital
Incremental volumes from expansion projects across the world would gradually push zinc market into surplus, said Phillip Capital.