 "HZL, Hindustan Zinc Ltd")
Hindustan Zinc seen extending gains
Shares of Hindustan Zinc (HZL) are seen extending last week’s 10-per cent gain as analysts see multiple positive triggers for the stock. Zinc prices have surged to their highest level since 2007 as the global energy crisis disrupted supply from China and Europe. This is expected to put further upward pressure on the price of the commodity. Add to that Nyrstar, one of the metal’s top global producers, announced output cuts at three European smelters. Also, Chinese smelters have already been reducing capacity. Analysts see this benefiting domestic commodity firms like HZL. The stock hit
