BUZZ-India's Hindustan Zinc gains on pact to develop zinc batteries
Reuters · 06/21 05:59
Share
Listen to the news
** Shares of Hindustan Zinc HZNC.NS rise 3.3% to 669 rupees
** Stock top gainer on Nifty Metals index .NIFTYMET, which is up 0.60%
** Co said on Friday it has signed memorandum of understanding with U.S.-based AEsir Technologies for developing zinc batteries, making HZNC the preferred supplier of zinc for AEsir
** Seventeen analysts covering the stock on avg have a "sell" rating, vs a "buy" rating on most stocks on the 15-member metal index
** HZNC trading at ~97% premium to median PT of 340 rupees - LSEG data
** Stock up 111% so far this year; eyes best yearly gain since 2009
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved