Brokerages bump TP on Hindustan Zinc despite 21% fall in Q4 profits
Mon, Apr 22, 2024 8:49 AM

Brokerages bump TP on Hindustan Zinc despite 21% fall in Q4 profits

A Flip by Shubhangi Gupta
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Vedanta group firm Hindustan Zinc's earnings show for the fourth quarter saw its net profit decline 21 percent on depressed zinc prices. Hindustan Zinc reported a 21 percent on-year fall at Rs 2,038 crore, hit by falling zinc prices around the world as demand grows at a slower pace than supply. However, despite the fall in profit, brokerages bumped up their target prices on the metal player.

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