Hindustan Zinc shares surged over 5% after the government cleared concerns by stating it has no immediate plans for an Offer for Sale (OFS) stake ***** News and Market UpdatesNo Immediate OFS: DIPAM Secretary Arunish Chawla clarified that the government is not looking at selling its residual 27.92% stake in Hindustan Zinc right now, removing recent share supply ***** Target Upgrade: Jefferies raised its price target, boosted by strong international zinc and silver ***** Movement: Shares jumped past ₹620 following the positive official statements and favorable metal price trends Receding OFS Fears: Market anxieties eased dramatically after updates from the Department of Investment and Public Asset Management (DIPAM) countered earlier rumors that the government would aggressively offload a 1.5% ***** Base Metal Rally: Zinc prices spiked to $3,890 per tonne (the highest since May 2022) due to shrinking supply inventories on the London Metal

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