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Shares of Hindustan Zinc have fallen 2% in the past two trading sessions even as silver prices rose sharply to hit a new all-time high of Rs 4 lakh, highlighting the disconnect between commodity prices and stock performance. The stock’s weakness is not related to fundamentals or operational concerns but is mainly driven by promoter […]
A dramatic tripling in silver prices over the past year has propelled Hindustan Zinc Ltd to the top of India’s metals pack in terms of market capitalization. The rally has boosted the company’s valuation to around Rs 3.2 lakh crore, helping it overtake several major competitors, including its parent company, Anil Agarwal-led Vedanta.Shares of Hindustan […]
Shares of Hindustan Zinc rose as much as 2% to a day’s high of Rs 572 in the morning deals on December 15 after global brokerage firm Jefferies covered Jefferies with a Buy rating, citing record silver prices as one of the biggest drivers of growth in the coming quarters. With today’s rise, the stock […]
