Hindustan Zinc Hits Record High As Silver Rally and Q3 Earnings Spark Investor Rush
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.
MCX silver futures surged nearly 4%, hitting a record high of ₹3,39,927 per kilogram.
The rally was driven by a weaker US dollar, rising geopolitical tensions, and concerns over the independence of the US Federal Reserve.
In international markets, silver climbed 2.5% to $98.60 per ounce, moving closer to the key $100 psychological level.
Market sentiment is influenced by a mix of geopolitical and macroeconomic factors.
US President Donald Trump softened earlier tariff threats against Europe.
A separate Greenland-related agreement involving US missile deployment, mining rights, and increased NATO presence added to global uncertainty.
Investors are closely tracking US monetary policy developments.
Trump indicated that interviews for the next Federal Reserve chair have concluded, fuelling expectations of a more dovish policy stance.
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.
| 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:
(With Inputs From ANI)
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