Hindustan Zinc Shares Jump 5% Following DIPAM Clarification

Hindustan Zinc shares surged 5% after the Department of Investment and Public Asset Management (DIPAM) eased concerns regarding a potential Offer for Sale (OFS).

Jefferies raised its target price for the stock, citing a positive outlook for zinc and silver prices that is expected to boost earnings.

The stock's recovery follows a recent 3% decline triggered by market rumors of a fresh government stake sale.