A blistering rally in silver has propelled Hindustan Zinc Ltd to become India’s biggest metals company by market capitalisation, overtaking some of its largest peers, including parent Vedanta Ltd.
Shares of the company, one of the biggest producers of the white metal in the country, surged more than 6% on Friday, pushing its year-to-date gains past 15%. The rally lifted the company’s market value to over $32 billion, slightly ahead of top rival JSW Steel Ltd.
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