Hindustan Zinc shares rocket 5% on record silver, B&K Securities bullish

• Hindustan Zinc shares surged over 5% due to a record rise in silver prices, closing at ₹512.60 on BSE.
• Silver's record high above $61 significantly impacted Hindustan Zinc, as silver contributes 40-45% to its operating profit (EBIT) and it's India's only pure-listed silver play.
• B&K Securities initiated coverage with a 'buy' rating and a target price of ₹610, citing Hindustan Zinc's position as a low-cost zinc producer and its expansion plans.
• The company plans a ₹30,000 crore capital expenditure to double its integrated refined metal production capacity over five years.
• Silver's contribution to EBITDA is projected to increase from 28% to 42% by FY2027, according to B&K Securities.

Why It Matters: Hindustan Zinc's stock rise shows silver price sensitivity and growth potential.