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Hindustan Zinc shares jump after Q2 profit doubles

Original: hindustan zinc share price

Hindustan Zinc shares rose around 4% after the company reported second-quarter net profit that more than doubled. Despite the strong results, brokerage Jefferies cut its target price on the stock, drawing attention to the divergence between the earnings beat and analyst caution. Investors in India are tracking the stock's moves following the announcement.

Why now: The company's sharp profit jump and Jefferies' target price cut are fresh market news driving investor interest.

Hindustan ZincJefferiesThe Economic Times

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Evidence

• Hindustan Zinc shares jump 4% after Q2 net profit more than doubles. Why Jefferies cut target price? · The Economic Times

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