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 Zincs earnings, while softer aluminium prices and higher debt could weigh on Hindalcos performance.