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HINDZINC Consensus Forecast

No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
261.67
Consensus Potential
-24.56%

HINDZINC Price Target Potential

BrokerageTargetPotential
ICICIdirect.com290-11.57%
Prabhudas Lilladher260-24.44%

HINDZINC Targets in FrontPage Forums

7 Users have submitted 7 trade ideas of Rs. 476,713.75 for HINDZINC
100% Bullish
0% Bearish
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HINDZINC Ratings

Long term HINDZINC rating by FrontPage users
3.5/5 (4 Ratings)

3 HINDZINC share price target reports by brokerages below. See what is analyst's view on HINDZINC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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HINDZINC Share Price Target

HINDZINC Share Price Target - Broker Reports - 2021

21-Jan-21
Price @ Call: 289.31
Target: 290
HOLD
20-Jan-21
Price @ Call: 303.54
Target: 260
REDUCE

HINDZINC Share Price Target - Broker Reports - 2020

21-Oct-20
Price @ Call: 222.95
Target: 235
HOLD
22-May-20
Price @ Call: 169.05
Target: 195
ACCUMULATE
Hindustan Zinc (HZ) reported earnings in line with ours/consensus estimates. As the commissioning of shafts at Rampura Agucha (RA and Sindesar Khurd (SK) mines nearing the completion, we expect material improvement in production with better visibility. Continuous depletion in ore grade has been key concern over last 3-4 years. However, it has broadly bottomed out in the current range of 7.5%-7.6%. Zinc prices made strong recovery in last one month with 5% rise on the back of revival in Chinese demand, disruption in supplies and production cuts. We see prices to average at current levels of USD2000/t for FY21e/FY22e due to supplies issues and stable demand. In the backdrop of better outlook (both internal and market) and attractive valuations, we upgrade the stock to Accumulate with TP of Rs195, EV/EBITDA of 5x FY22e.
... Read more
23-Jan-20
Price @ Call: 209.9
Target: 245
BUY
Going forward, we expect domestic zinc demand to pick up on the back of incremental demand from key user industries, especially railways. Indian Railways is setting targets to lay zinc-coated rails and has fitted stations with galvanised roofs to replace asbestos sheets. This augurs well for domestic zinc demand. Additionally, the recent uptick in zinc and lead prices on the LME augurs well. This will aid EBITDA margins to inch upwards from Q3FY20 levels. We value the stock at 6x FY21E EV/EBITDA and arrive at a target price of Rs 245. We upgrade the stock to BUY recommendation.
... Read more
22-Jan-20
Price @ Call: 212.3
Target: 225
NEUTRAL
Zinc prices have recovered over the past two months (+6%), led by lower LME inventories. However, (a) weakening global demand concerns along with (b) anticipated higher supply should keep LME inventories under check. We estimate FY20 zinc LME to average near current levels (avg. of USD2,490).We expect mine production to recover (+10% growth in FY21) and CoP to decline due to shafts’ commission at RA and SKM. However, with zinc LME at USD2,500/t for FY21, the stock trades at 6x FY21E EV/EBITDA. We remainNeutral with TP of INR225/share based on 6.5x FY21E EV/EBITDA.
... Read more
21-Jan-20
Price @ Call: 213.31
Target: 235
HOLD
Hindustan Zinc (HZ) reported earnings in line with ours/consensus estimates. Earnings visibility continued to remain weak due to deteriorating ore grade and resultant higher cost of production (CoP). Zinc prices moved up by 5% in last one month due to production restrictions in China and improvement in sentiments related to USA-China Trade war. However, we do not see prices to sustain for long due to weaker demand. We maintain HOLD with TP of Rs235, EV/EBITDA of 6x FY21e.
... Read more

HINDZINC Share Price Target - Broker Reports - 2019

30-Oct-19
Price @ Call: 220.55
Target: 235
HOLD
In line with the company’s guidance, we also downward revise our FY20 volume guidance. For FY20E, we downward revise our zinc and lead sales volume by ~3% and ~7%, respectively, while for FY21E we downward revise our zinc and lead sales volume by ~5% and ~6%, respectively. The recent uptick in zinc and lead prices on the LME augurs well for HZL. We value the stock at 6x FY21E EV/EBITDA and arrive at a target price of Rs 235, maintaining HOLD recommendation on the stock.
... Read more
30-Oct-19
Price @ Call: 220.55
Target: 235
HOLD
Hindustan Zinc (HZ) reported EBITDA below our expectation due to lower than expected Zinc/Silver volumes. Earnings visibility continued to remain weak due to volatile ore grade. Ore grade further slipped by 13bps QoQ/37bps YoY to 7.2% despite low base. Zinc prices moved up by 10% in last one month due to production cuts and improvement in sentiments related to USA-China Trade war. However, we don’t see prices to sustain above USD2,550/t due to weaker demand and pick-up in supplies. We maintain HOLD with 4% increase in TP to Rs235 (to factor in lower capex), EV/EBITDA of 6x FY21e.
... Read more
23-Jul-19
Price @ Call: 224.85
Target: 250
HOLD
Valuation & Outlook: Currently HZL is under capacity expansion phase wherein its smelter debottlenecking to 1.2 million tonnes per annum (MTPA) is in progress, of which expansion to 1.13 MTPA will be completed in Q2FY20. This provides healthy revenue visibility in the longer run horizon. Going forward, during FY19-21E, we expect total operating income, EBITDA and PAT to grow at a CAGR of 5.6%, 8.6% and 7%, respectively. We value the stock on 6.0x FY21E EV/EBITDA and arrive at a target price of | 250. We maintain our HOLD rating on the stock.
... Read more
19-Jul-19
Price @ Call: 220.93
Target: 225
BUY
Hindustan Zinc (HZ) reported EBITDA below our expectation by 3% (in line with consensus) due to lower than expected Lead/Silver volumes and higher power cost. Earnings visibility continued to worsen due to volatile ore grade. Ore grade slipped 0.3% QoQ to 7.5% despite low base. Deteriorating ore grade and peaked-out supply deficit would keep stock under pressure. We cut our earnings estimates by 11%/11% for FY20E/FY21E to factor in lower ore grade. We maintain HOLD with TP of Rs225 (earlier Rs240), EV/EBITDA of 6x FY21e.
... Read more
3-May-19
Price @ Call: 272.76
Target: 275
HOLD
Hindustan Zinc reported a healthy Q4FY19 performance. Going forward, during FY19-21E, we expect total operating income, EBITDA and PAT to grow at a CAGR of 7%, 11% and 10%, respectively. We value the stock on 6.5x FY21E EV/EBITDA and arrive at a target price of Rs 275, maintaining our HOLD rating on the stock.
... Read more
3-May-19
Price @ Call: 271.1
Target: 275
HOLD
Going ahead, conservative wholesale lending, retail product innovation and need for further provisioning (despite prudential provisions) would continue to weigh upon operating performance of the company. Factoring in adequate conservatism on growth (17-18% YoY), NIM+Fees (6.4- 6.9%), asset quality (NPA uptick to 6.3% from current 5.9%) and provisions (~185bps+ credit costs) translating into 2.3-2.4% RoAs and 17.0-17.6% RoEs over FY20-21E. Market headwinds refuse to abate calling for caution on developer financing (Rs 8bn Supertech primarily; refer Supertech Visit Update), beleaguered ILFS exposure (Rs18bn) and allied lumpy wholesale portfolios. Reiterate ACCUMULATE, TP of Rs177 based on 1.8x Mar-21 lending ABV, Sub Rs29.
... Read more
3-May-19
Price @ Call: 271.1
Target: 329
BUY
22-Jan-19
Price @ Call: 268.15
Target: 273
NEUTRAL
22-Jan-19
Price @ Call: 268.15
Target: 312
BUY
22-Jan-19
Price @ Call: 268.15
Target: 275
HOLD

HINDZINC Share Price Target - Broker Reports - 2018

23-Oct-18
Price @ Call: 282.6
Target: 300
BUY
16-Oct-18
Price @ Call: 273.6
Target: 327
BUY
23-Aug-18
Price @ Call: 283.95
Target: 300
ACCUMULATE
24-Jul-18
Price @ Call: 270
Target: 310
BUY
24-Jul-18
Price @ Call: 270
Target: 300
BUY
24-Jul-18
Price @ Call: 270
Target: 285
HOLD
24-Jul-18
Price @ Call: 270
Target: 318
BUY
24-Jul-18
Price @ Call: 270
Target: 327
BUY
24-Jul-18
Price @ Call: 265.27
Target: 295
NEUTRAL
2-May-18
Price @ Call: 312.38
Target: 350
BUY
2-May-18
Price @ Call: 325.25
Target: 395
BUY
2-May-18
Price @ Call: 325.25
Target: 409
BUY
30-Apr-18
Price @ Call: 329.03
Target: 370
ACCUMULATE
30-Apr-18
Price @ Call: 329.03
Target: 336
NEUTRAL
22-Feb-18
Price @ Call: 316.4
Target: 395
BUY
16-Feb-18
Price @ Call: 312.75
Target: 361
BUY
9-Feb-18
Price @ Call: 301.27
Target: 342
NEUTRAL
19-Jan-18
Price @ Call: 301.54
Target: 350
BUY
19-Jan-18
Price @ Call: 308.7
Target: 385
BUY
18-Jan-18
Price @ Call: 312.32
Target: 354
BUY

HINDZINC Share Price Target - Broker Reports - 2017

24-Oct-17
Price @ Call: 317.8
Target: 360
BUY
24-Oct-17
Price @ Call: 317.8
Target: 336
HOLD
24-Oct-17
Price @ Call: 317.8
Target: 350
BUY
24-Oct-17
Price @ Call: 317.8
Target: 370
ACCUMULATE
23-Oct-17
Price @ Call: 323.58
Target: 322
NEUTRAL
4-Sep-17
Price @ Call: 302.15
Target: 336
BUY
1-Sep-17
Price @ Call: 301.04
Target: 335
BUY
21-Jul-17
Price @ Call: 281
Target: 301
NEUTRAL
21-Jul-17
Price @ Call: 280
Target: 310
BUY
20-Jul-17
Price @ Call: 281
Target: 301
HOLD
20-Jul-17
Price @ Call: 280
Target: 340
BUY
13-Jul-17
Price @ Call: 275.39
Target: 301
BUY
28-Jun-17
Price @ Call: 258.6
Target: 301
BUY
30-May-17
Price @ Call: 240
Target: 300
BUY
21-Apr-17
Price @ Call: 271
Target: 300
BUY
20-Apr-17
Price @ Call: 283
Target: 235
SELL
21-Apr-17
Price @ Call: 274.05
Target: 265
SELL
20-Apr-17
Price @ Call: 282
Target: 337
BUY
22-Mar-17
Price @ Call: 311
Target: 335
BUY
13-Feb-17
Price @ Call: 315
Target: 360
ACCUMULATE

HINDZINC Share Price Target - Broker Reports - 2016

25-Apr-16
Price @ Call: 172
Target: 202
BUY
25-Apr-16
Price @ Call: 172
Target: 185
HOLD
25-Nov-16
Price @ Call: 274
Target: 312
BUY
19-Oct-16
Price @ Call: 248
Target: 250
HOLD
21-Oct-16
Price @ Call: 246.62
Target: 250
HOLD
14-Jun-16
Price @ Call: 176.6
Target: 180
HOLD
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  • HINDZINC Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3335.62
    Upside Target 2330.58
    Upside Target 1327.07
    Pivot322.03
    Downside Target 1318.52
    Downside Target 2313.48
    Downside Target 3309.97
  • HINDZINC Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3368.97
    Upside Target 2356.98
    Upside Target 1342.77
    Pivot330.78
    Downside Target 1316.57
    Downside Target 2304.58
    Downside Target 3290.37
  • HINDZINC Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3383.3
    Upside Target 2367.6
    Upside Target 1353.45
    Pivot337.75
    Downside Target 1323.6
    Downside Target 2307.9
    Downside Target 3293.75
  • HINDZINC Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3330.58
    Upside Target 2327.32
    Upside Target 1325.3
    Pivot322.03
    Downside Target 1318.77
    Downside Target 2316.75
    Downside Target 3313.48
  • HINDZINC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3356.98
    Upside Target 2346.97
    Upside Target 1340.79
    Pivot330.78
    Downside Target 1320.77
    Downside Target 2314.59
    Downside Target 3304.58
  • HINDZINC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3367.6
    Upside Target 2356.2
    Upside Target 1349.15
    Pivot337.75
    Downside Target 1326.35
    Downside Target 2319.3
    Downside Target 3307.9
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
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