Motilal Oswal Raises Hindustan Zinc Target Price to ₹720, Maintains Neutral Rating
Motilal Oswal Securities has maintained its Neutral rating on Hindustan Zinc while raising the target price to ₹720 from ₹670, representing a 7.46% upward revision. The updated target reflects improved valuation parameters while maintaining a balanced investment outlook for the zinc mining company.
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Motilal Oswal Securities has revised its target price for Hindustan Zinc while maintaining its investment stance on the zinc mining company. The brokerage firm has kept its Neutral rating unchanged but increased the target price to ₹720 from the previous target of ₹670.
Rating and Target Price Update
The revised recommendation reflects Motilal Oswal's updated assessment of Hindustan Zinc's prospects. The target price revision shows the following changes:
| Parameter: | Details |
|---|---|
| Rating: | Neutral (Maintained) |
| New Target Price: | ₹720 |
| Previous Target Price: | ₹670 |
| Revision: | +₹50 (+7.46%) |
Investment Outlook
The maintained Neutral rating suggests that Motilal Oswal views Hindustan Zinc as fairly valued at current levels, with the stock expected to perform in line with broader market trends. The upward revision in target price indicates some improvement in the brokerage's valuation parameters for the company.
The target price adjustment reflects Motilal Oswal's reassessment of various factors affecting Hindustan Zinc's business prospects, though the neutral stance indicates a balanced view on the stock's near-term performance potential.
Historical Stock Returns for Hindustan Oil Exploration
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.65% | -5.61% | -7.75% | -16.99% | -30.23% | +62.92% |
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