Hindustan Zinc shares jump 4% after Q2 net profit more than doubles. Why Jefferies cut target price?
60-Word AI Digest
Hindustan Zinc reported a 142% year-on-year jump in Q2FY27 net profit to Rs 6,412 crore, while revenue rose 77% to Rs 15,093 crore. Despite strong earnings, Jefferies cut its target price to Rs 650 from Rs 750, citing silver price volatility and lower price assumptions for the coming years.
Key Takeaways
- Hindustan Zinc reported a 142% year-on-year jump in Q2FY27 net profit to Rs 6,412 crore, while revenue rose 77% to Rs 15,093 crore.
- Despite strong earnings, Jefferies cut its target price to Rs 650 from Rs 750, citing silver price volatility and lower price assumptions for the coming years.
- Full details and original dispatch available below.
Hindustan Zinc reported a 142% year-on-year jump in Q2FY27 net profit to Rs 6,412 crore, while revenue rose 77% to Rs 15,093 crore. Despite strong earnings, Jefferies cut its target price to Rs 650 from Rs 750, citing silver price volatility and lower price assumptions for the coming years.
Original Publisher Attribution
This summary was curated from Economic Times.