Hindustan Zinc Shares Hit Record High on Silver Rally
Hindustan Zinc stole the spotlight on Friday, January 23, as its shares jumped over 6% to reach a record high of ₹709.95, driven by the ongoing surge in silver prices. Uncertainty around US economic policy and rising geopolitical tensions pushed investors toward safe-haven metals, benefiting Hindustan Zinc. The company, one of India’s leading silver producers, found itself in an optimal position during the commodities boom. The price increase reflects both rising metal prices and growing market confidence that silver will retain its value during periods of economic instability.
Silver Prices Scale New Peaks In India and Globally
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MCX silver futures surged nearly 4%, hitting a record high of ₹3,39,927 per kilogram.
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The rally was driven by a weaker US dollar, rising geopolitical tensions, and concerns over the independence of the US Federal Reserve.
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In international markets, silver climbed 2.5% to $98.60 per ounce, moving closer to the key $100 psychological level.
Global Triggers Behind The Silver Surge
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Market sentiment is influenced by a mix of geopolitical and macroeconomic factors.
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US President Donald Trump softened earlier tariff threats against Europe.
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A separate Greenland-related agreement involving US missile deployment, mining rights, and increased NATO presence added to global uncertainty.
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Investors are closely tracking US monetary policy developments.
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Trump indicated that interviews for the next Federal Reserve chair have concluded, fuelling expectations of a more dovish policy stance.
- Anticipation of further interest rate cuts has strengthened, typically boosting non-yielding assets like silver and gold.
Hindustan Zinc Share Performance Snapshot
Hindustan Zinc’s stock performance mirrors the strength of the silver-led rally. The share price has surged over 87% from its 52-week low of ₹378.65 recorded in March 2025.
- 1-year gain: 48%
- 6-month gain: 57%
- 3-month gain: 45%
- 1-month gain: 25%
- 5-year return: -155% (multibagger)
Silver And Zinc Rally Boost Quarterly Performance
| Metric | Q3FY26 | YoY Change |
|---|---|---|
| Net Profit | ₹3,879 crore | + 46.5% |
| Revenue | ₹10,922 crore | +27.5% |
| EBITDA | ₹6,055 crore | +34.7% |
| EBITDA Margin | 55% | Up from 52% |
Key Highlights:
- Beat Street estimates across profit, revenue, and operating metrics
- Highest-ever quarterly revenue and profit
- Performance driven by record production, strong commodity prices, and sharply lower costs
(With Inputs From ANI)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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