“Bullish on Hindustan Zinc, raising its target price to ₹750 apiece and maintaining a 'Buy' call. This preference is driven by the strong performance of zinc and silver prices, with spot zinc up 15% and silver recovering 23% from July lows, leading to favorable earnings implications. Jefferies remains constructive on precious metals, seeing underappreciated upside from fiscal deficits and currency debasement.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%