Sunday, June 13, 2010

CMP / Reco Price : 96
Target : 150
Time Span : 1 year

Hindustan Zinc Limited specializes in the exploration, mining and smelting of zinc, lead and other non-ferrous metals. The Company's products include zinc ore, lead zinc concentrate, zinc metal, lead metal, cadmium metal, silver metal and sulfuric acid.
Its a large cap and a safe bet. The stock has corrected 30 % from 52 wk highs and offers good buying opportunity. Current P/E of 10 is fairly priced. Last 2 quarterly earnings have been impressive. A definite buy for an investor. Buy at current levels and accumulate for every 10% fall.