Hindustan Zinc shares surge to all-time high, target set at Rs 750

From Business Today: 2024-05-21 03:33:51

Hindustan Zinc Ltd’s shares surged 13.12%, hitting an all-time high of Rs 700. Analysts suggest support at Rs 680, resistance at Rs 700-720. Target set at Rs 750 with a ‘buy-on-dip’ strategy. Vedanta Ltd’s subsidiary declares Rs 10 interim dividend per share for FY25, totaling Rs 4,225.32 crore. Hindustan Zinc remains a cash cow for Vedanta, boasting lead-zinc mines and smelters. Business Today advises consulting a financial advisor before investing.



Read more at Business Today: Hindustan Zinc shares zoom 13% to hit record high; is more steam left?