Shares of Hindustan Zinc have been gaining attention again after global brokerage firm Jefferies initiated coverage on the stock with a Buy rating and a target price of Rs 660. The brokerage believes the company is well placed to benefit from rising silver and zinc prices and expects strong earnings growth over the next few years.
Hindustan Zinc shares
Hindustan Zinc Surges After Silver Hits All-Time Peak
As many as 8.23 lakh Hindustan Zinc shares changed hands on the BSE compared with an average of 2.9 lakh shares traded daily in the past two weeks.