Technical analyst Imran Vohra of Gupta Equities maintained 'buy' rating on Hindustan Zinc Limited stock with a short term target of Rs 1372.

According to analyst, the stock can be purchased at Rs 1290 with a stop loss of Rs 1260.

Today, the stock of the company opened at Rs 1301.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1438 and a low of Rs 924 on BSE.

Current EPS & P/E ratio stood at 103.88 and 12.71 respectively.

Hindustan Zinc announced that its contribution to the exchequer is projected to climb 27.3% to more than Rs 2,400 crore during the existing financial year as against the last fiscal.

During the last financial year, Vedanta Group firm contributed Rs 1,888 crore to the state coffer via a range of taxes.

The company said, "There has been a steep rise in the income tax and dividend tax since last fiscal, from Rs 860 crore in FY10 to Rs 1,122 by FY11 (estimated), a clear increase of 31%. Rajasthan would also be getting a higher royalty of Rs 687 crore in FY11 (estimated) as compared to Rs 587 crore in FY10."

Hindustan Zinc has witnessed a five-fold growth in metal fabrication to about 1 million tonne at the present.

The mine production capacity has also augmented two folds to 8.1 million tonne annually as against 3.45 million tonne per annum.

Hindustan Zinc registered an increase of 12.27% in its net profit, which stood at Rs 12,895.80 million for the three month period ended December 2010 from Rs 11,486.50 million for the same period of 2009.

Company's total income surged 19.22% to Rs 28,372.60 million for Oct-Dec 2010 period.