HZL Bull Run Predicted: Hindustan Zinc Share Price to Soar Nearly 20%

Hindustan Zinc (HZL) is expected to deliver nearly 20% returns over the next 12 months, according to brokerage reports. The company's June quarter results showed a significant jump in profit, with Ebitda broadly in line with estimates.

The consensus target price stands at Rs 636.67, implying a potential upside of 19.7% from the current market price. Of the eight brokerages that issued reports after the Q1 earnings, all except Citi have a 'Buy' or 'Neutral' rating on the stock.

Nuvama said that the tight supply market is likely to keep zinc prices relatively high while silver prices are likely to remain firm. It forecast a 3% volume CAGR for refined metal and a 4% volume CAGR for silver over FY26-28.