B&K Securities Initiates Coverage on Hindustan Zinc with 'Buy' Rating, ₹610 Target

• B&K Securities initiated coverage on Hindustan Zinc with a 'buy' rating.
• The brokerage firm set a target price of ₹610 for Hindustan Zinc shares.
• Hindustan Zinc is India's sole integrated zinc producer and a global low-cost producer.
• The company's board approved ₹30,000 crore capex to double refined metal production capacity over five years.
• Silver's contribution to the company's EBITDA is projected to increase from 28% to 42% by FY2027.

Why It Matters: Hindustan Zinc's 'buy' rating from B&K Securities indicates potential investor gains.