Stay invested in Hindustan Zinc: Kunal Bothra

Written By Unknown on Senin, 20 Januari 2014 | 20.07

Kunal Bothra of LKP told CNBC-TV18, "One can continue to hold  Hindustan Zinc forever because it is a good stock. The only sense in terms of technicals is it is probably a low beta nature because generally does not tend to move in tandem with many of the other metal stocks. So, that is going to be bit of a play off for this stock as compared to the other high beta metal stocks.  However, it is a good stock, decent charts."

"If you look at longer term perspective then Rs 150-160 in the next couple of quarters should be very much possible for Hindustan Zinc. The only thing is which is probably playing some sort of hurdle is a trading range where it has been stuck for the last five to six months right from the month of August-September. So, if it crosses this trading zone and comes out of it with good volumes then upside could be just spectacular for the stock," he added.



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