Hindustan Zinc share price surged over 3 percent in early trade on Monday, extending its strong rally as silver prices climbed to fresh record highs in global markets. The Vedanta Group-backed miner touched a new 52-week high of Rs 606.70 per share, marking one of its strongest short-term performances in recent years.
The stock has now gained nearly 33 percent in just one month, supported by a sharp rise in silver futures, firm zinc prices and improving earnings visibility.
Silver Rally Powers Hindustan Zinc Gains
Silver prices have been on a steep upward trajectory, driven by expectations of global interest rate cuts, geopolitical uncertainty and sustained industrial demand. MCX silver futures recently crossed key psychological levels, boosting sentiment for companies with meaningful exposure to the white metal.
Hindustan Zinc is among the largest integrated producers of zinc and silver, making it a direct beneficiary of the ongoing commodity upcycle. Rising realisations have strengthened investor confidence in the company’s near-term profitability.
Strong Momentum, New 52-Week High
The rally on Monday pushed Hindustan Zinc shares to their highest level in over a year, extending gains for multiple consecutive sessions. With the stock outperforming broader market indices, it has emerged as one of the top performers in the metals space.
Market participants attribute the sharp move to:
- Record-high silver prices
- Improved outlook for base metals
- Expectations of stronger cash flows and earnings
Outlook Ahead
With silver and zinc prices remaining firm, Hindustan Zinc continues to attract buying interest. However, after a rapid 33 percent run-up in a month, volatility may remain elevated as traders track commodity price movements and broader market cues.
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