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Hindustan Zinc vs Hindalco: Why Jefferies raised target prices for both, but prefers one over the other
Jefferies has raised its target prices for Hindustan Zinc and Hindalco Industries, but prefers the former, retaining a Buy rating versus Hold on Hindalco. The brokerage expects stronger zinc and silver prices to boost Hindustan Zinc’s earnings, while softer aluminium prices and higher debt could w…
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