Hindustan Zinc has surged over 5% to trade at its 52-week high of Rs 141.8 on the BSE in the morning trades after the Cabinet Committee on Economic Affairs (CCEA) approved the sale of residual stake in the company.
The government holds a 29.5% stake in Hindustan Zinc, the world's second-largest zinc producer that is controlled by Anil Agarwal's Vedanta Group.
Also, Sesa Sterlite which holds 64.5% of the equity in Hindustan Zinc rallied 4%.
So, is this the trigger to take these scrips to a higher level? Mohit Gaba, an independent market analyst shares his views on the same and his picks from the banking space ahead of the RBI Policy.
