Shares of Hindustan Zinc surged over 3.5 percent on December 17 to hit a fresh all-time high, driven by a sharp rally in silver prices. The Vedanta Group stock has now posted gains in six of the last seven trading sessions, reflecting strong investor sentiment toward metal producers.
Hindustan Zinc Stock Hits New Peak
During morning trade on Wednesday, Hindustan Zinc shares climbed to Rs 587.80 apiece, marking a new 52-week and record high. This level surpasses the previous peak achieved just a day earlier and represents the highest price since August 2024.
The stock has delivered a stellar rally of over 29 percent in less than one month, supported by rising precious metal prices and improved earnings visibility.
Silver Prices Power the Rally
The sharp upmove in Hindustan Zinc shares comes amid a historic surge in silver prices. On the Multi Commodity Exchange (MCX):
- March silver futures jumped more than 4 percent to a fresh lifetime high of Rs 2,05,934 per kg, crossing the crucial Rs 2.05 lakh mark for the first time.
- May silver futures hit an all-time high of Rs 2,08,796 per kg.
- July silver futures climbed to a record Rs 2,12,334 per kg.
Rising industrial demand, tight global supply, and strong investment interest continue to fuel the rally in silver, directly benefiting integrated metal producers like Hindustan Zinc.
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