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Friday, April 25, 2008

Hindustan Zinc Ltd (Q4 FY08) - BUY - Indiainfoline

Hindustan Zinc Ltd  (Q4 FY08) â€" BUY 
 
CMP Rs634, BUY
 
Target price Rs745,  Upsid e 17.5%
 
ä       Robust volume growth boosts Q4 FY08 revenues 36.7% qoq and 12.1% yoy
 
ä       Zinc metal production soar 30.2% qoq and 42.8% yoy
 
ä       Operating margins rise 240bps qoq, but drop 390bps yoy
 
ä       PAT jumps 62.8% qoq, supplemented by a 1 93.7% growth in other income
 
ä       We recommend a BUY with a target of Rs745, upside of 17.5%.
 


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