B&K Securities Projects 25% Rise for Vedanta's Hindustan Zinc Shares

• B&K Securities initiated "buy" coverage on Hindustan Zinc (HZL), a Vedanta unit.
• B&K Securities set a price target of ₹610 for HZL, implying a potential 23% upside.
• HZL is India's sole and the world's largest integrated zinc producer, known for low production costs.
• HZL's board approved a ₹30,000 crore capex to double integrated refined metal production capacity over five years.
• B&K Securities projects HZL's silver contribution to EBITDA to increase to 42% by FY27 from 28% currently.

Why It Matters: It signals a potential 25% stock gain for Hindustan Zinc investors.