Hindustan Zinc Shares Surge 5% as Silver Races Past $61; B&K Initiates 'Buy'

• Hindustan Zinc shares surged 5% as silver prices climbed past $61, nearing an all-time high.
• The company is India's sole pure listed silver play, with silver contributing 40-45% of its EBIT.
• B&K Securities initiated a 'Buy' rating with a ₹610 price target, citing HZL's low-cost production and silver market leverage.
• Hindustan Zinc approved a ₹30,000 crore capex plan to double integrated refined metal production capacity in five years.
• B&K Securities projects silver's contribution to HZL's EBITDA to increase to 42% by FY27 from 28% currently.

Why It Matters: Rising silver prices make Hindustan Zinc a notable investment opportunity.