Hindustan Zinc shares rally 13% in two weeks; will the rally continue?

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Hindustan Zinc shares rally 13% in two weeks; will the rally continue? - Business Standard

Quick Summary:

Consequently, EBITDA and PAT margins are expected to improve to 51.5 per cent (up 430 basis points) and 30.7 per cent (up 350 bps) by FY27 respectively.

HZL has planned capex of Rs 16,000 crore for the period FY24-27 for funding the roaster plant at Debari, fumer and fertilizer plant at Chanderiya (sulphuric acid forward integration) and 450 MW renewable energy addition.

Furthermore, Ventura expects HZL to turn net debt free by FY26 and “have a net cash of Rs 12,500 crore by FY27 helping fuel its expansion plans.