Friday 14 November 2008

Buy Hindustan Zinc, target of Rs 504: KRChoksey

KRChoksey Research has recommended a buy rating on Hindustan Zinc with a target price of Rs 504 in its November 7, 2008 research report. "Net sales of the company declined from Rs 1,984.0 crore to Rs 1,790.5 crore; negative growth of 9.8% (y-o-y). We recommend a BUY on the stock with a target price of Rs 504," says KRChoksey's research report.

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Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.