Hindustan Zinc share price, ICICI Sec maintains Reduce rating with target price of Rs 280
Hindustan Zinc continues to prepare for its eventual leap towards 1.2mtpa and then 1.35mtpa of mined metal production, says ICICI Securities. While FY22 was expected to witness a ramp up in production to 1.2mtpa, the second wave of Covid outbreak in India seems to have postponed the same
ICICI Securities says that FY22E production guidance moderated to factor in disruption on account of current pandemic. Mined metal and refined metal production is expected to be at 1025-1050kte: Reuters