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Brokerages lift Hindustan Zinc targets after June-quarter beat; HSBC sets ₹770

AI Market Summary
Hindustan Zinc's earnings beat, driven by strong realized zinc and silver prices and record-low zinc cash costs (~$851/t), prompted multiple brokerages to raise targets and EBITDA forecasts. The results provide near-term fundamental validation for base-metals and silver pricing, highlighting resilient margins despite seasonal volume softness and reinforcing expectations of cost discipline and project-led growth. This is modestly supportive for broader industrial-metals sentiment.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT+0.42%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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Hindustan Zinc reported stronger-than-expected FY27 first-quarter results, helped by firm realised zinc and silver prices and record-low unit costs, with zinc cost falling to US$851 per tonne. Several brokerages raised target prices and earnings estimates, including HSBC lifting its target to ₹770 while IIFL kept a ₹722 target and Nuvama pointed to ongoing zinc-price support. The results also provide near-term fundamental confirmation for spot and futures markets in zinc and silver.
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