Stock To Buy: Vedanta Group Stock HZL Is Ventura’s Preferred Pick, Check Fresh TP For 2-Years

Vedanta Subsidiary Hindustan Zinc Ltd (HZL) shares closed at Rs 558.80 per share on Bombay Stock Exchange (BSE) on November 1, 2024 with intraday gain of 1.16%. Hindustan Zinc Ltd shares delivered shareholders returns of 75.50% so far in 2024 and over 90% in last 1-year span. The company also recommended a second interim dividend of Rs 19/- per equity on the face value of Rs 2/- per equity share for the FY 2023-24 with record date fixed as August 28, 2024. It offers a dividend yield of 6.27% and already recommended 43 dividends since 2001.

FII/FPI have increased holdings from 0.74% to 1.01% in September 2024 quarter. Number of FII/FPI investors increased from 198 to 232 in September 2024 quarter. Lici ulip-growth fund has 2.76% stake in HZL. Hindustan Zinc has a market capitalisation of Rs 2,36,110.83 crore. Vedanta Ltd. owns 64.92% stake in Hindustan Zinc. Check relevant details below:

Hindustan Zinc Ltd Q2

The Vedanta backed firm on October 18 declared a surge of 35% in its consolidated net profit to Rs 2327 crore for the quarter ended September 2024 as compared to Rs 1729 crore reported in the corresponding quarter of last year. The large cap company announced a rally of 21% in its revenue from operations for the September 2024 quarter to Rs 8004 crore as against Rs 1729 crore declared in the similar quarter of last year.

Hindustan Zinc Shares Performance

The 52-week high price of Hindustan Zinc Ltd shares on BSE is Rs 807.00 per share and 52-week low price is Rs 285.00 per share. The ROE of HZL stood at 114 and PE is 27.03. The BSE 200 stock operates in Zinc industry. Hindustan Zinc shares offered return of 9.62% in last 1-week span, slipped over 13% in 3-months, and zoomed 97% in last 2-years period. The zinc industry stock offered maximum returns to shareholders in last 10-years as shares soared 225% during this tenure.

Should You Buy HZL Shares

Leading brokerage firm Ventura has buy call on Hindustan Zinc shares with target price set at Rs 680 per share. The analyst has recommended buy for a tenure of 24 months. If you buy Hindustan Zinc shares at last trading price of Rs 558.80 per share, you can fetch potential returns of 21.69%. According to the analyst, the company's revenue is likely to jump from Rs 34,098 crore in FY23 to Rs 39,818.8 crore in FY27 and EBITDA could expand to Rs 23,086.9 crore, pushing the company's margins to an impressive 58%. PAT is projected to rise to Rs 13,976.4 crore, resulting in a PAT margin of 35.1%. As per the report, HZL's RoE and RoCE to remain robust, around 52.3% and 52.4%, respectively by FY27.

Hindustan Zinc Previous Dividend In 2024

Hindustan Zinc on May 7, 2024 announced an Interim Dividend of Rs. 10/- per equity share i.e. 500% on face value of Rs. 2/- per equity share for the Financial Year 2024-25 amounting to Rs. 4,225.32 Crores. It fixed May 15, 2024 as the record date.

Hindustan Zinc Bonus Share History

It announced 1 bonus issue since March 7, 2011. Its last bonus share was announced in the proportion of 1:1 with ex-bonus date fixed as March 7, 2011.

Hindustan Zinc Stock Split History

Hindustan Zinc split the face value once since March 7, 2011. Hindustan Zinc last split the face value of its shares from Rs 10 to Rs 2 in 2011.The share traded ex-split as on March 7, 2011.

Hindustan Zinc Ltd About

Hindustan Zinc is India's largest and world's second largest integrated zinc producer. It is the 5th largest silver producers globally with an annual capacity of 800 MT. It is a subsidiary of Vedanta Limited which owns 64.9% stake in the Company while the Government of India retains a 29.5% stake. Hindustan Zinc's operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelter as well as sulphuric acid and captive power plants in northwest India, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Ventura. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.