Hindustan Zinc jumps 4% after Q2 profit more than doubles
In short
Hindustan Zinc said Q2FY27 net profit rose 142% year on year to Rs 6,412 crore, and revenue rose 77% to Rs 15,093 crore. After that, Jefferies cut its target price to Rs 650 from Rs 750.
This matters because the company posted strong earnings, but analysts still worry about silver price swings and future price assumptions. The report does not say whether the shares kept rising after the open.
What the reporting says
Hindustan Zinc reported a 142% year-on-year jump in Q2FY27 net profit to Rs 6,412 crore, while revenue rose 77% to Rs 15,093 crore. Jefferies still cut its target price to Rs 650 from Rs 750, citing silver-price volatility and lower price assumptions for coming years. The stock moved higher despite the cut, but the reporting does not say how long the rally lasted.
Why it matters
Hindustan Zinc posted a sharp Q2FY27 earnings beat, with net profit up 142% year on year to Rs 6,412 crore and revenue up 77% to Rs 15,093 crore. Even so, Jefferies lowered its target price to Rs 650 from Rs 750 because of silver-price volatility and weaker assumptions ahead. The reporting shows strong near-term results but lingering concern over future pricing.