Hindustan Zinc share price : HSBC has turned bullish and given buy recommendation to the shares of this subsidiary company of Vedanta Limited with a target price of up to 30% from the Friday’s closing price of the stock on the NSE.
Hindustan Zinc share price : Global brokerage firm HSBC has turned bullish on the shares of Hindustan Zinc Limited (NSE:HINDZINC) and recommended to buy it for long-term giving a decent target price for the stock.
Brokerage has given a target price (Hindustan Zinc share price target) of ₹770 apiece for the counter which implies a return potential of up to 30% from the Friday’s closing price of ₹594.90 on the NSE. Shares of Hindustan Zinc Limited have settled on ₹594.90 on the NSE on Friday, 21 August.
Recently, Hindustan Zinc Ltd. reported it’s June quarter earnings on July 24, 2026 in which it’s performance was remarkable. Company’s revenue from operations for this quarter remained ₹13,747 crores which shows a jump of 77% year-on-year from ₹7,771 crores in the same quarter of previous financial year.
EBITDA surged 109% year-on-year to ₹8,074 crores and EBITDA margins remained 59% in this quarter. Net profit of the company soared 145% year-on-year to ₹5,469 crores from ₹2,234 crores in the corresponding quarter of FY26.
The reason behind this outstanding performance of the company is that the cost of production of zinc dropped 16% year-on-year in this quarter to an impressive low of $851 a ton. Also the company recorded it’s highest ever first quarter volume of 2,68,000 tonnes in the June quarter of FY27.
Hindustan Zinc Limited is a large cap company operating in Zinc-Lead and Silver business. It is the 2nd largest Zinc producer in the world and the 3rd largest silver producer globally with an annual capacity of 800MT. Although Hindustan Zinc Limited is a large cap company with a market capitalisation of ₹2,51,364 crores but it is quite undervalued as per the P/E ratio. Company’s shares are currently trading at a P/E ratio of 14.9 against the industry P/E ratio of 36.4. Hindustan Zinc has an outstanding ROCE and ROE of 69.2% and 76.4% respectively which shows that the company is very efficient.
Disclaimer : The buy recommendation regarding the aforementioned stock has been given by the brokerage firm. These do not represent the personal views of this website. This article is for informational purpose only. Financial World Online website does not recommend investing in any specific shares discussed on the website. Please do consult your qualified financial advisor before taking any investment related decision.