CMP : 151
Target Price : 170
For 3QFY2016, Hindustan Zinc (HZL) reported a 11% yoy decline in revenue to
Rs3,385cr, in line with estimates, led by a 17% decline in zinc revenues as higher
volumes and rupee depreciation benefits were offset by lower realizations on
account of a decline in LME prices and zinc premiums. Mined metal production
declined 13% yoy to 2,40,00..