Hindustan Zinc Shares Surge: Brokerages Bullish on Vedanta Group Stock
Hindustan Zinc shares: Jefferies, HSBC to Nuvama — why are brokerages bullish on Vedanta group stock? Explained
Mint
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Hindustan Zinc's share price rose by 9% following a strong quarterly performance, reporting a 67.6% increase in net profit to ₹5,033 crore. Brokerages like Jefferies and HSBC are optimistic, citing strong earnings visibility and cost efficiencies, with target prices set at ₹700 and ₹730 respectively.
- 01Hindustan Zinc's net profit surged by 67.6% year-on-year.
- 02The company declared an interim dividend of ₹11 per share.
- 03Brokerages expect continued earnings growth, with EPS projected to rise by 33% in FY27.
- 04Target prices from brokerages range from ₹700 to ₹730.
- 05Silver production is a significant growth driver, contributing nearly 50% of overall EBIT.
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Hindustan Zinc, a subsidiary of Vedanta, experienced a 9% increase in share price, reaching a high of ₹631.90 on April 27, 2026, following the announcement of its Q4 FY26 results. The company reported a 67.6% year-on-year rise in net profit to ₹5,033 crore, with revenues up 43.8% to ₹12,692 crore. This growth was attributed to higher metal prices and improved operational performance, alongside a declared interim dividend of ₹11 per share. Brokerages such as Jefferies and HSBC have expressed bullish sentiments towards the stock, driven by strong earnings visibility and cost efficiencies. Jefferies forecasts a 34% compound annual growth rate (CAGR) in earnings per share (EPS) from FY24 to FY26, with a further 33% YoY increase expected in FY27. HSBC praised Hindustan Zinc's low-cost operations, while Nuvama Institutional Equities noted strong EBITDA performance driven by higher volumes and lower costs. Overall, brokerages maintain a positive outlook, suggesting that Hindustan Zinc is well-positioned for sustained growth despite potential risks from commodity price fluctuations.
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Investors in Hindustan Zinc could benefit from the strong earnings growth and dividend payouts, potentially increasing their returns. The company's operational improvements may also lead to enhanced job security and growth in the local economy.
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More about Hindustan Zinc
Hindustan Zinc Reports 68% Profit Surge, Declares Interim Dividend
The Economic Times • Apr 27, 2026

Strong Q4 Profit Growth for Early Birds Driven by BFSI and Metals
Business Standard • Apr 27, 2026

Hindustan Zinc Faces Rising Costs Amid West Asia Conflict, Plans Major Expansion
Business Standard • Apr 26, 2026
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