InvestorQ : What should I do with my Hindustan Zinc shares after the results?
indhumathi Sayani made post

What should I do with my Hindustan Zinc shares after the results?

Answer
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Riya Dwivedi answered.
1 year ago


How the results of Hindustan Zinc panned out?

Hindustan Zinc reported 19% fall in profits to Rs.2012 crore for the quarter ended March 2019. For the March quarter, the total revenues also fell by more than 10% to Rs.6030 crore showing pressure on prices. The company is one of the largest producers of zinc in the whole world.

The stock quotes at a reasonable P/E ratio of 13 times earnings but the stock has traditionally in a small range and normally at around the current P/E ratio only. There is also the overhang of Vedanta using up the cash pile of Hindustan Zinc to repay its loans and that has remained an overhang on the stock. At best, it can be a market performer.