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Hindustan Zinc rises on inking MoU with CSIR-CIMFR Hindustan Zinc is currently trading at Rs. 315.05, up by 1.00 points or 0.32% from its previous closing of Rs. 314.05 on the BSE. The scrip opened at Rs. 314.00 and has touched a high and low of Rs. 316.00 and Rs. 314.00 respectively. So far 4521 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.00 on 19-Jan-2023 and a 52 week low of Rs. 262.95 on 28-Sep-2022. Last one week high and low of the scrip stood at R...
Hindustan Zinc rises on inking MoU with CSIR-CIMFR
Hindustan Zinc rises on inking MoU with CSIR-CIMFR
Source: Accord Fintech
24/08/2023 11:24:42 AM
Indian miner Hindustan Zinc`s Q1 profit falls on weak zinc, lead prices Indian miner Hindustan Zinc on Friday reported a fall in first-quarter profit, dragged by weak zinc and lead prices, and despite reduced expenses and tax burden. The company's consolidated net profit fell 36.5% to 19.64 billion rupees ($239.5 million). Revenue from operations fell to 71.11 billion rupees from 92.36 billion rupees a year ago, which it attributed to lower zinc and lead prices and lower lead volumes - though it was partially offset by higher zinc volumes and silver pri...
Indian miner Hindustan Zinc`s Q1 profit falls on weak zinc, lead prices
Indian miner Hindustan Zinc`s Q1 profit falls on weak zinc, lead prices
Source: Reuters
21/07/2023 4:18:27 PM
Indian government may delay Hindustan Zinc share sale - sources The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. The government plans to sell its over 29% stake in tranches, starting with the sale of about 5% stake. Vedanta Group holds a 64.9% stake. Hindustan Zinc's s...
Indian government may delay Hindustan Zinc share sale - sources
Indian government may delay Hindustan Zinc share sale - sources
Source: Accord Fintech
19/07/2023 12:07:56 PM
Vedanta has best dividend yield among large-cap stocks Vedanta Ltd has the best dividend yield in the last 12 months among large-cap stocks at 31 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 25 per cent, Coal India at 10 per cent, ONGC at 8 per cent, and Power Grid and GAIL at 5 per cent. Among the mid-cap companies, Sanofi India, REC and Oil India have the best dividend yield at 8 per cent, followed by Power Finance Corporation and Oracle Financial Services at 6 per cent. Among the small-cap companie...
Vedanta has best dividend yield among large-cap stocks
Vedanta has best dividend yield among large-cap stocks
Source: IANS
17/07/2023 5:28:50 PM
Hindustan Zinc rises as its mined metal production grows in Q1 Hindustan Zinc is currently trading at Rs. 311.45, up by 2.00 points or 0.65% from its previous closing of Rs. 309.45 on the BSE. The scrip opened at Rs. 310.05 and has touched a high and low of Rs. 312.65 and Rs. 310.05 respectively. So far 37755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.00 on 19-Jan-2023 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at ...
Hindustan Zinc rises as its mined metal production grows in Q1
Hindustan Zinc rises as its mined metal production grows in Q1
Source: Accord Fintech
4/07/2023 4:11:45 PM
Neutral Hindustan Zinc Ltd For Target Rs 300 - Motilal Oswal Financial Services Robust domestic demand and focus on VAP to fuel growth * Hindustan Zinc (HZL) is India’s largest and the world’s second largest integrated zinc producer and is one of the lowest cost producers of zinc globally. * HZL is a 64.92% subsidiary of VEDL and 29.54% of its stake is held by government. * It commands 80% market share in primary zinc market in India and operates the world’s largest UG zinc mine at Rampura Agucha along with mines at Sindesar Khurd, Rajpura Dari...
Neutral Hindustan Zinc Ltd For Target Rs 300 - Motilal Oswal Financial Services
Neutral Hindustan Zinc Ltd For Target Rs 300 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
9/06/2023 2:24:52 PM
India`s Vedanta Group in talks to raise at least $500 million -Bloomberg India's Vedanta Group, promoter of metals-to-oil conglomerate Vedanta Ltd, is in talks with banks to raise at least $500 million, Bloomberg reported on Thursday. The move by billionaire Anil Agarwal-led Vedanta comes as its $500 million junk-rated bond matures at the end of this month, Bloomberg reported, citing sources familiar with the matter. Vedanta Ltd did not immediately respond to Reuters' requests for comment. The group has been depending on money from its units to ta...
India`s Vedanta Group in talks to raise at least $500 million -Bloomberg
India`s Vedanta Group in talks to raise at least $500 million -Bloomberg
Source: Reuters
18/05/2023 3:46:35 PM
Vedanta has best dividend yield among large cap stocks Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent. Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Vedanta has best dividend yield among large cap stocks
Source: IANS
15/05/2023 3:41:52 PM
India`s Vedanta names Holcim exec Sonal Shrivastava as CFO Indian resources conglomerate Vedanta Ltd on Monday named Holcim AG executive Sonal Shrivastava as its new chief financial officer, effective June 1. The move comes as Vedanta's parent, Vedanta Resources, tries to trim its debt amid concerns over its ability to meet financial obligations. It also follows a lapse in Hindustan Zinc Ltd's proposed deal to buy zinc assets from Vedanta for $2.98 billion. Shrivastava joins Vedanta from the Holcim Group where she worked as the CFO f...
India`s Vedanta names Holcim exec Sonal Shrivastava as CFO
India`s Vedanta names Holcim exec Sonal Shrivastava as CFO
Source: Reuters
15/05/2023 2:06:52 PM
Companies should take care of their employees: Vedanta Chairman on layoffs As global layoffs, especially in the tech industry, continue unabated in 2023, Vedanta Chairman Anil Agarwal on Monday shared his views on LinkedIn, saying the companies should take care of their employees as they will only take care of their business. He recalled the time when Vedanta first took over Hindustan Zinc Limited (HZL). "In these uncertain times of global layoffs, I am reminded of a story that will always stay with me -- one of hope, unity and the power of believing in p...
Companies should take care of their employees: Vedanta Chairman on layoffs
Companies should take care of their employees: Vedanta Chairman on layoffs
Source: IANS
1/05/2023 5:34:31 PM
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities Performance on track; capex guidance increased Hindustan Zinc reported 4Q EBITDA of INR42.6bn, above JMfe of INR39.4bn. The beat in EBITDA came on account of the company’s ability to maintain cost of production at USD 1,214 (USD 1,293 in 3Q). Key takeaways from the result - a) volume guidance for FY24 stands at 1,050-1,075 ktons / 725-750tons for refined metal and silver respectively b) CoP (without royalty) guidance for FY24 has been reduced to USD1,125-1,175 vs USD1,225- 1,275 in F...
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
24/04/2023 12:52:30 PM
India`s Hindustan Zinc Q4 profit falls 12% on weaker zinc, lead prices  Indian miner Hindustan Zinc Ltd on Friday reported a nearly 12% fall in March quarter profit, hurt mainly by lower zinc and lead prices and higher expenses. Consolidated net profit fell to 25.83 billion rupees ($314.68 million) in the fourth quarter from 29.28 billion rupees a year earlier. Zinc prices are down nearly 6% so far this year and have cooled off from record highs hit early last year amid falling demand and uncertainty in top consumer China. The company's revenue...
India`s Hindustan Zinc Q4 profit falls 12% on weaker zinc, lead prices
India`s Hindustan Zinc Q4 profit falls 12% on weaker zinc, lead prices
Source: Reuters
21/04/2023 4:19:01 PM
Vedanta`s Hindustan Zinc Limited Signs MoU with RCA to set up Anil Agarwal International Cricket Stadium in Jaipur Vedanta's Hindustan Zinc Limited (HZL) signed an MoU with the Rajasthan Cricket Association for the development of the world’s third-largest cricket stadium in the village of Chonp in Jaipur. Vedanta’s HZL will spend INR 300 crore on the stadium, one of the largest corporate investments in India’s sports infrastructure. The stadium would be named as “Anil Agarwal International Cricket Stadium, Jaipur. The MoU was signed by Shri. Bhawani Shankar Samota, Honorary ...
Vedanta`s Hindustan Zinc Limited Signs MoU with RCA to set up Anil Agarwal International Cricket Stadium in Jaipur
Vedanta`s Hindustan Zinc Limited Signs MoU with RCA to set up Anil Agarwal International Cricket Stadium in Jaipur
Source: PR Agency
31/03/2023 10:56:17 AM
India`s Vedanta says talk of stake sale baseless as shares drop 6% Indian billionaire Anil Agarwal-led Vedanta Ltd called talks of any stake sale in the mining major "untrue and baseless" on Thursday, after a media report said the tycoon was weighing selling less than 5% stake in the company. Bloomberg News reported citing people familiar with the matter that Agarwal was studying options including selling a minority stake in Vedanta, as he looked to shrink his commodities business empire's massive debt load. However, a Vedanta spokesperso...
India`s Vedanta says talk of stake sale baseless as shares drop 6%
India`s Vedanta says talk of stake sale baseless as shares drop 6%
Source: Reuters
23/03/2023 12:28:11 PM
Indian government may put Hindustan Zinc share sale plan on hold The Indian government may put a plan to sell part of its stake in Hindustan Zinc (HZL) on hold unless the company calls off the nearly $3 billion cash acquisition of two Vedanta Group subsidiaries, a senior government source said. The government is the largest minority shareholder in HZL with a 29.54% stake in the company, while Vedanta owns 64.9%. The government had planned to sell part of it in the 2022/23 fiscal year ending March 31, which would help it to achieve its 500 billion rup...
Indian government may put Hindustan Zinc share sale plan on hold
Indian government may put Hindustan Zinc share sale plan on hold
Source: Reuters
13/03/2023 9:18:11 AM
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities Much needed growth optionality, albeit at expensive valuations Hindustan Zinc reported 3Q EBITDA of INR37.1bn, in line with JMfe. HZL’s board approved the subscription to equity shares of THL Zinc Limited, Mauritius - Zinc International operations of Vedanta ltd. The acquisition is being undertaken for a cash consideration not exceeding US$3.0bn implying valuations of ~11x EV/ EBITDA (adjusting for 70% stake in Gamsberg - valuation could be 12-13x EV/ EBITDA). The consideration is ex...
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities
Buy Hindustan Zinc Ltd For Target Rs 350 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
3/03/2023 1:50:36 PM
India opposes Vedanta's $3 billion zinc assets sale, rekindling debt worries The Indian government has opposed Hindustan Zinc Ltd's $2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal's plans to trim down the mining giant's $7.7 billion net debt. The government, which owns a nearly 30% stake in Hindustan Zinc, is against the miner buying some Africa-based zinc assets from Vedanta Ltd - its top shareholder with a near-65% stake - as it was a "related party transaction". ...
India opposes Vedanta's $3 billion zinc assets sale, rekindling debt worries
India opposes Vedanta's $3 billion zinc assets sale, rekindling debt worries
Source: Accord Fintech
20/02/2023 10:51:22 AM
India`s Vedanta profit plummets 41% on soft metal prices Indian metals-to-oil conglomerate Vedanta Ltd reported a near 41% drop in third-quarter profit on Friday, hit by a fall in commodity prices. The Anil Agarwal-led firm's consolidated net profit fell to 24.64 billion rupees ($302.33 million) for the quarter ended Dec. 31 from 41.64 billion a year earlier, Vedanta said in an exchange filing. Analysts had, on average, expected a profit of 20.67 billion rupees ($253.58 million), according to Refinitiv IBES data. Prices of zinc, alumin...
India`s Vedanta profit plummets 41% on soft metal prices
India`s Vedanta profit plummets 41% on soft metal prices
Source: Reuters
28/01/2023 12:36:24 PM
Indian miner Hindustan Zinc's Q3 profit falls on lower prices, output  India's Hindustan Zinc, owned by mining conglomerate Vedanta Group, reported a drop in third-quarter profit on Thursday, hit by lower zinc prices and silver production. The zinc, silver and lead miner said consolidated net profit fell 20.2% year-over-year to 21.56 billion rupees (about $265 million) in the quarter ended Dec. 31. The company's integrated zinc production fell 2% to 210 thousand tonnes (kt) due to the unavailability of quality ores, while silver production dr...
Indian miner Hindustan Zinc's Q3 profit falls on lower prices, output
Indian miner Hindustan Zinc's Q3 profit falls on lower prices, output
Source: Reuters
20/01/2023 11:54:09 AM
Buy Hindustan Zinc Ltd For Target Rs 350 - Motilal Oswal Financial Services Revenue in line; power and input costs drag PAT HZ to acquire Zinc International assets for USD2.9b * Hindustan Zinc’s (HZ) revenue at INR79b (down 2% YoY and 6% QoQ) in 3QFY23 was in line with our estimate. Revenue was marginally lower YoY, on the back of lower LME prices coupled with lower refined metal volumes. * EBITDA at INR37b (down 15% YoY and 16% QoQ) was in line with our estimates. Power and fuel costs were at INR10b (up 43% YoY and 2% QoQ), driven by elevated coal pri...
Buy Hindustan Zinc Ltd For Target Rs 350 - Motilal Oswal Financial Services
Buy Hindustan Zinc Ltd For Target Rs 350 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/01/2023 10:53:03 AM
Hindustan Zinc trades higher on registering rise of 1% in mined metal output during Q3FY23 Hindustan Zinc is currently trading at Rs. 333.50, up by 2.10 points or 0.63% from its previous closing of Rs. 331.40 on the BSE. The scrip opened at Rs. 332.00 and has touched a high and low of Rs. 333.95 and Rs. 330.50 respectively. So far 15388 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 372.15 on 03-Mar-2022 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at ...
Hindustan Zinc trades higher on registering rise of 1% in mined metal output during Q3FY23
Hindustan Zinc trades higher on registering rise of 1% in mined metal output during Q3FY23
Source: Accord Fintech
4/01/2023 11:40:57 AM
Hindustan Zinc gains on planning to invest over $1 billion to convert diesel-fired mining vehicles into battery-operated ones Hindustan Zinc is currently trading at Rs. 325.00, up by 1.20 points or 0.37% from its previous closing of Rs. 323.80 on the BSE. The scrip opened at Rs. 320.60 and has touched a high and low of Rs. 326.95 and Rs. 316.45 respectively. So far 17333 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 372.15 on 03-Mar-2022 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at ...
Hindustan Zinc gains on planning to invest over $1 billion to convert diesel-fired mining vehicles into battery-operated ones
Hindustan Zinc gains on planning to invest over $1 billion to convert diesel-fired mining vehicles into battery-operated ones
Source: Accord Fintech
20/12/2022 10:27:38 AM
LKP Spade : A Weekly Pick - Buy Hindustan Zinc Ltd For Target Rs.343 By LKP Securities * After a recent breakout from a large consolidation, the stock is showing signs of a fresh up move on the charts. * The momentum indicator RSI is trading above the level of 60 which confirms the strength of the stock. * The stock 21DMA stands at 306 which should act as an immediate support zone on the downside for the bulls. Buy Hindustan Zinc Ltd @ Rs.295 CB Target Rs. Rs. 326/343 Duration 1 Week   To Read Complete Report & Disclaime...
LKP Spade : A Weekly Pick - Buy Hindustan Zinc Ltd For Target Rs.343 By LKP Securities
LKP Spade : A Weekly Pick - Buy Hindustan Zinc Ltd For Target Rs.343 By LKP Securities
Source: LKP Securities
5/12/2022 11:48:07 AM
Neutral Hindustan Zinc Ltd For Target Rs.255- Motilal Oswal Financial Services Lackluster quarter; power and input costs rising Management revises costs guidance up by USD100/t * Hindustan Zinc’s (HZ) revenue at INR83b (up 36% YoY and down 11% QoQ) in 2QFY23 was marginally ahead of our estimate of INR 78b. The revenue was higher YoY, driven by 48% higher zinc sales, which was primarily due to 9% higher Zinc prices, 15% higher volumes, and 150% higher premium. The premium was on account of unwinding of hedges, which the company had created at the start of the...
Neutral Hindustan Zinc Ltd For Target Rs.255- Motilal Oswal Financial Services
Neutral Hindustan Zinc Ltd For Target Rs.255- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
26/10/2022 10:27:17 AM
Hindustan Zinc rises on incorporating wholly owned subsidiary at Rajasthan Hindustan Zinc is currently trading at Rs. 288.40, up by 0.85 points or 0.30% from its previous closing of Rs. 287.55 on the BSE. The scrip opened at Rs. 287.55 and has touched a high and low of Rs. 289.85 and Rs. 287.00 respectively. So far 25300 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at ...
Hindustan Zinc rises on incorporating wholly owned subsidiary at Rajasthan
Hindustan Zinc rises on incorporating wholly owned subsidiary at Rajasthan
Source: Accord Fintech
8/09/2022 4:05:39 PM
Hindustan Zinc rises on inking agreement with SPV for renewable power supply Hindustan Zinc is currently trading at Rs. 288.65, up by 3.30 points or 1.16% from its previous closing of Rs. 285.35 on the BSE. The scrip opened at Rs. 288.50 and has touched a high and low of Rs. 290.15 and Rs. 285.35 respectively. So far 30923 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at ...
Hindustan Zinc rises on inking agreement with SPV for renewable power supply
Hindustan Zinc rises on inking agreement with SPV for renewable power supply
Source: Accord Fintech
5/09/2022 11:50:25 AM
Neutral Hindustan Zinc Ltd For Target Rs.245- Motilal Oswal Financial Services In-line results; FY23 guidance maintained, albeit, challenging No surprises in 1QFY23, again * Hindustan Zinc (HZ)’s revenue was in line at INR94b (up 44% YoY and 7% QoQ) in 1QFY23, led by higher LME prices but partly offset by flat lead prices, repeating the trend of 4QFY22. * EBITDA stood in line at INR51b (up 44% YoY and 4% QoQ). Power and fuel costs were at INR9b, up 15% QoQ, led by higher coal prices as FSA materialization was only 8% during the quarter and the company con...
Neutral Hindustan Zinc Ltd For Target Rs.245- Motilal Oswal Financial Services
Neutral Hindustan Zinc Ltd For Target Rs.245- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
31/08/2022 9:37:53 AM
Reduce Hindustan Zinc Ltd For Target Rs.295- centrum broking Higher prices offset cost inflation  Hindustan  Zinc  (HZ)  reported  EBITDA  of  Rs51.4bn  (CentrumE:  51.2bn),  in  line  with  our estimate.  EBITDA  increased  ~3.5% QoQ,  due  to  higher  zinc  realisation  (up  8.4% QoQ  to USD4,322/t) and higher lead & silver volume offset by higher CoP. The zinc  realisation/t was higher than average m...
Reduce Hindustan Zinc Ltd For Target Rs.295- centrum broking
Reduce Hindustan Zinc Ltd For Target Rs.295- centrum broking
Source: Centrum Broking Ltd
23/08/2022 11:20:36 AM
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities Hindustan Zinc reported 1Q EBITDA of INR51.4bn, higher than JMfe of INR47.6bn. Key takeaways from the result - a) volume guidance for FY23 remains unchanged at 1,000-1,025 ktons / 700-725tons for refined metal and silver respectively b) CoP (without royalty) guidance for FY23 maintained at USD1,125-1,175 as against 1Q CoP (without royalty) of USD1,264 c) 21% of FY23 volumes have been hedged at ~USD4.1k (~10% consumed in 1QFY23) d) The company received board approval for setting up of 5 ltpa f...
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
23/07/2022 11:04:08 AM
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities Performance on track; dividend play Hindustan Zinc reported 1Q EBITDA of INR51.4bn, higher than JMfe of INR47.6bn. Key takeaways from the result - a) volume guidance for FY23 remains unchanged at 1,000-1,025 ktons / 700-725tons for refined metal and silver respectively b) CoP (without royalty) guidance for FY23 maintained at USD1,125-1,175 as against 1Q CoP (without royalty) of USD1,264 c) 21% of FY23 volumes have been hedged at ~USD4.1k (~10% consumed in 1QFY23) d) The company received bo...
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities
Buy Hindustan Zinc Ltd For Target Rs.310 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
22/07/2022 11:31:41 AM
Hindustan Zinc shines on eyeing to expand footprint in production of zinc alloys Hindustan Zinc is currently trading at Rs. 293.25, up by 7.90 points or 2.77% from its previous closing of Rs. 285.35 on the BSE. The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 295.00 and Rs. 288.55 respectively. So far 130968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 242.40 on 06-Jul-2022. Last one week high and low of the scrip stood at...
Hindustan Zinc shines on eyeing to expand footprint in production of zinc alloys
Hindustan Zinc shines on eyeing to expand footprint in production of zinc alloys
Source: Accord Fintech
18/07/2022 12:04:03 PM
Key Stock News - Larsen and Toubro, Hindustan Zinc, Tata Steel, Vedanta, ICICI Pru Life - ARETE Securities Key News L&T aims to grow IT & Tech services revenue to high teens by 2026 Engineering giant Larsen & Toubro (L&T) is aiming to grow the Information Technology (IT) services and technology services (TS) revenue contribution to the group to high teens by 2026, said the company in its FY22 annual report. “The IT&TS businesses will continue to balance the risk and cyclicality associated with the traditional projects and manufacturing segment. The momentum from exi...
Key Stock News - Larsen and Toubro, Hindustan Zinc, Tata Steel, Vedanta, ICICI Pru Life - ARETE Securities
Key Stock News - Larsen and Toubro, Hindustan Zinc, Tata Steel, Vedanta, ICICI Pru Life - ARETE Securities
Source: ARETE Securities Ltd
18/07/2022 9:42:32 AM
Hindustan Zinc reports 14% growth in mined metal production in Q1 FY23 Hindustan Zinc has reported highest ever mined metal production in first quarter (Q1 FY23) at 252,000 tonnes, up 14% as compared to Q1 FY22 on account of higher ore production largely at Sindesar Khurd, Rampura Agucha & Kayad mines supported by better mill recovery. Sequentially, it was lower by 15%, mainly due to lower ore production at mines & overall metal grades. Best ever refined metal production in first quarter at 260,000 tonnes, up 10% as compared to Q1 FY22 in line with avail...
Hindustan Zinc reports 14% growth in mined metal production in Q1 FY23
Hindustan Zinc reports 14% growth in mined metal production in Q1 FY23
Source: Accord Fintech
4/07/2022 10:45:49 AM
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25 State-owned Steel Authority of India on Monday reported 29% decline in consolidated net profit at Rs 2,479 crore for the quarter ending March 31, 2022. It reported consolidated net profit of Rs 3,470 crore in the year-ago period. However, on sequential terms, the company's net profit rose 62% in Q4FY22. SAIL's consolidated revenue from operations rose 32% to Rs 30,759 crore as against Rs 23,285 crore in Q4FY...
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities
Source: ARETE Securities Ltd
26/05/2022 9:55:43 AM
Buy Hindustan Zinc Ltd For Target Rs.355 - JM Financial Services In-line performance; dividend play Hindustan Zinc reported 4Q EBITDA of INR49.6bn, in line with JMfe. Key takeaways from the result - a) volume guidance for FY23 remains muted at 1,000-1,025 ktons / 700-725tons for refined metal and silver respectively b) CoP (without royalty) guidance for FY23 stands at USD1,125-1,175 as against 4Q CoP (without royalty) of USD1,136 c) 15% volumes have been hedged above ~USD4k d) consent to establish obtained by Hindustan Zinc Alloys to establish 30 kt pla...
Buy Hindustan Zinc Ltd For Target Rs.355 - JM Financial Services
Buy Hindustan Zinc Ltd For Target Rs.355 - JM Financial Services
Source: JM Financial Services Ltd
27/04/2022 10:00:59 AM
Neutral Hindustan Zinc Ltd For Target Rs.370 - Motilal Oswal 4QFY22 result inline, FY23 guidance disappoints No surprises in its 4QFY22 result Revenue stood in line at INR88b (up 27% YoY and 10% QoQ) in 4QFY22, led by higher LME prices, but was partly offset by flat lead prices. EBITDA stood in line at INR50b (up 28% YoY and 14% QoQ). Power and fuel costs stood at INR8b, up 10% QoQ, led by higher coal prices. Other expenses rose 11% QoQ to INR19b, but was partly offset by inventory accumulation. PAT grew 18% YoY and 8% QoQ to INR29b, margin...
Neutral Hindustan Zinc Ltd For Target Rs.370 - Motilal Oswal
Neutral Hindustan Zinc Ltd For Target Rs.370 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/04/2022 10:45:21 AM
Hindustan Zinc trades lower as NGT imposes Rs 25 crore fine to it in Rajasthan Hindustan Zinc is currently trading at Rs. 326.45, down by 7.45 points or 2.23% from its previous closing of Rs. 333.90 on the BSE. The scrip opened at Rs. 338.00 and has touched a high and low of Rs. 338.00 and Rs. 325.30 respectively. So far 20597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 257.00 on 30-Mar-2021. Last one week high and low of the scrip stood a...
Hindustan Zinc trades lower as NGT imposes Rs 25 crore fine to it in Rajasthan
Hindustan Zinc trades lower as NGT imposes Rs 25 crore fine to it in Rajasthan
Source: Accord Fintech
8/02/2022 11:31:24 AM
Neutral Hindustan Zinc Ltd For Target Rs.311 - Motilal Oswal Results in line, valuations expensive; maintain Neutral Likely acquisition of international zinc assets could impact earnings * Hindustan Zinc (HZL) reported yet another quarter of strong EBITDA at INR43.7b, up 31% QoQ, driven by 23% higher metal sales and 12% rise in Zinc LME price. Silver sales also increased 14% QoQ to 173 tonnes. * We believe the stock already priced in 1.2mt of metal sales for FY23, but it is not factoring in the probability of acquisition of the international Z...
Neutral Hindustan Zinc Ltd For Target Rs.311 - Motilal Oswal
Neutral Hindustan Zinc Ltd For Target Rs.311 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/01/2022 9:55:26 AM
Hindustan Zinc zooms on reporting 11% rise in integrated metal production in Q3 Hindustan Zinc is currently trading at Rs. 329.05, up by 9.45 points or 2.96% from its previous closing of Rs. 319.60 on the BSE. The scrip opened at Rs. 325.10 and has touched a high and low of Rs. 334.10 and Rs. 325.10 respectively. So far 73248 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 230.80 on 05-Jan-2021. Last one week high and low of the scrip stood at ...
Hindustan Zinc zooms on reporting 11% rise in integrated metal production in Q3
Hindustan Zinc zooms on reporting 11% rise in integrated metal production in Q3
Source: Accord Fintech
4/01/2022 11:28:38 AM
Hindustan Zinc's stocks rise on interim dividend, co to pay Rs 18 per share Mining company Hindustan Zinc's stocks rose by more than 1.50 per cent on Thursday, after the company said it will make an interim dividend payment to shareholders. The company's shares settled at Rs 367.40, up 1.56 per cent from the previous close. A day ago, Hindustan Zinc announced an interim dividend of Rs 18 per share to its investors for the financial year FY22. In financial parlance, a dividend is a part of a particular firm's profits, which it pays out to the inve...
Hindustan Zinc's stocks rise on interim dividend, co to pay Rs 18 per share
Hindustan Zinc's stocks rise on interim dividend, co to pay Rs 18 per share
Source: IANS
9/12/2021 7:48:27 PM
Hindustan Zinc surges on reporting marginal rise in Q2 net profit Total income of the company increased by 6.33% at Rs 6433 crore for Q2FY22 Hindustan Zinc is currently trading at Rs. 326.65, up by 4.25 points or 1.32% from its previous closing of Rs. 322.40 on the BSE. The scrip opened at Rs. 323.05 and has touched a high and low of Rs. 328.85 and Rs. 317.05 respectively. So far 90744 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of R...
Hindustan Zinc surges on reporting marginal rise in Q2 net profit
Hindustan Zinc surges on reporting marginal rise in Q2 net profit
Source: Accord Fintech
25/10/2021 12:33:52 PM
Reduce Hindustan Zinc Ltd : Higher commodity continues to propel earnings - ICICI Securities Reduce Hindustan Zinc Ltd For Target Rs.280 Hindustan Zinc (HZL) continues to prepare for its eventual leap towards 1.2mtpa and then 1.35mtpa of mined metal production. While, FY22 was expected to witness rampup in production to 1.2mtpa, second wave of Covid outbreak in India seems to have postponed the same. Management continues to guide for a conservative 11.5% YoY mined metal production growth (mid-point). Similarly, silver production guidance has been maintained at 720te. Q1FY22 wit...
Reduce Hindustan Zinc Ltd : Higher commodity continues to propel earnings - ICICI Securities
Reduce Hindustan Zinc Ltd : Higher commodity continues to propel earnings - ICICI Securities
Source: ICICI Securities
27/08/2021 10:18:45 AM
Neutral Hindustan Zinc Ltd For Target Rs.300 - Motilal Oswal Earnings outlook remains strong, but priced in Maintain Neutral * Hindustan Zinc (HZ)’s 1QFY22 results were impacted by lower production, weighed by the second COVID wave and higher CoP, partly offset by higher metal prices. While EBITDA declined 8% QoQ to INR35.6b, a higher tax rate of 34% (due to the income mix change and lapse of tax incentives) led to 15% decline in adj PAT to INR21.2b. * We cut our FY22E/FY23E EPS estimate by 6%/9%, primarily factoring in the higher tax rate....
Neutral Hindustan Zinc Ltd For Target Rs.300 - Motilal Oswal
Neutral Hindustan Zinc Ltd For Target Rs.300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/08/2021 1:10:06 PM
Hindustan Zinc gains as its mined metal production rises 9% in Q1FY22 Hindustan Zinc is currently trading at Rs. 337.50, up by 2.85 points or 0.85% from its previous closing of Rs. 334.65 on the BSE. The scrip opened at Rs. 335.05 and has touched a high and low of Rs. 339.45 and Rs. 335.05 respectively. So far 5772 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 362.40 on 19-May-2021 and a 52 week low of Rs. 182.50 on 21-Jul-2020. Last one week high and low of the scrip stood at R...
Hindustan Zinc gains as its mined metal production rises 9% in Q1FY22
Hindustan Zinc gains as its mined metal production rises 9% in Q1FY22
Source: Accord Fintech
14/07/2021 11:39:23 AM
Reduce Hindustan Zinc Ltd For Target Rs.280 - ICICI Securities Set for next phase of growth Hindustan Zinc (HZL) continues to prepare for its eventual leap towards 1.2mtpa and then 1.35mtpa of mined metal production. While, FY22 was expected to witness rampup in production to 1.2mtpa, second wave of Covid outbreak in India seems to have postponed the same. Management guided for a conservative 11.5% YoY mined metal production growth (mid-point). Similarly, silver production guidance has been stemmed down to 720te. The decline in guided range because of...
Reduce Hindustan Zinc Ltd For Target Rs.280 - ICICI Securities
Reduce Hindustan Zinc Ltd For Target Rs.280 - ICICI Securities
Source: ICICI Securities Ltd
13/05/2021 11:07:39 AM
Hold Hindustan Zinc Ltd For Target Rs. 340 - ICICI Direct Performs well…. Hindustan Zinc (HZL) reported a healthy Q4FY21 performance, primarily on account of higher-than-expected sales volume. For the quarter, zinc sales volumes came in at ~198000 tonnes (up 14% YoY, 9% QoQ, higher than our estimate: 191813 tonnes), lead sales volume came in at ~62000 tonnes (up 29% YoY, 17% QoQ, higher than our estimate: 54575 tonnes) while silver sales volume came in at ~203000 kg (up 41% YoY, 11% QoQ, higher than our estimate: 187500 kg). Topline came i...
Hold Hindustan Zinc Ltd For Target Rs. 340 - ICICI Direct
Hold Hindustan Zinc Ltd For Target Rs. 340 - ICICI Direct
Source: ICICI Direct
12/05/2021 10:13:49 AM
Neutral Hindustan Zinc Ltd For Target Rs.290 - Motilal Oswal Outlook remains strong, but priced in Maintain Neutral * Hindustan Zinc (HZ)’s 4QFY21 results were strong as EBITDA jumped 19% QoQ to INR38.8b on record-high refined metal sales of 260kt (+11% YoY). The Silver business remained strong with EBIT of INR12.2b (38% of total). * We expect a 9% CAGR in HZ volumes over FY21–23E, which would drive a 19% EBITDA CAGR. However, we believe this growth is factored in the current valuation; therefore, we rate it Neutral.   ...
Neutral Hindustan Zinc Ltd For Target Rs.290 - Motilal Oswal
Neutral Hindustan Zinc Ltd For Target Rs.290 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/05/2021 9:55:12 AM
Buy Hindustan Zinc Ltd : Results below estimates - Emkay Global * Hindustan Zinc reported EBITDA miss of 6% due to: 1) mining royalty expenses which were higher by 9% than our estimates; 2) other expenses which were higher by 27% than our estimate. Revenue was in line with our expectations. * Reported PAT was 19% below our estimates due to lower-than-estimated EBITDA and also due to tax expenses which were higher by 26% vs. our estimates. * Economic recovery is strong in China and ASEAN countries though there is some slowdown seen in Europe and the ...
Buy Hindustan Zinc Ltd : Results below estimates - Emkay Global
Buy Hindustan Zinc Ltd : Results below estimates - Emkay Global
Source: Emkay Global Financial Services Ltd
1/05/2021 11:43:53 AM