Shares of Hindustan Zinc have gained around 45% over the past year, while Jefferies has raised its target price, remaining bullish on the stock as it sees a stronger outlook for zinc and silver than aluminium.
The international brokerage hiked its target price for Hindustan Zinc shares to Rs 750 apiece, while maintaining its ‘Buy’ call on the stock. The latest target price implies around 27% upside potential. The shares of the company jumped over 5% to trade at nearly Rs 624 apiece on Wednesday.
