Hindustan Zinc Shares Jump 8% to New Record High
The shares of Hindustan Zinc, a leading mining company and silver producer, have jumped over 8% to a fresh record high of Rs 566.70 per share. This surge has led to gains in the metals pack, with the stock rising nearly 16% in just four consecutive sessions.
What's Driving the Surge?
The recent increase in Hindustan Zinc shares is largely driven by the sharp rise in silver prices. Silver futures have crossed the Rs 2 lakh-mark for the first time, and silver prices have also crossed the $60 milestone in the spot market. As the largest silver producer in India, Hindustan Zinc is expected to benefit from the rising silver prices.
China's Pro-Growth Policies and US Dollar Weaken
Chinese leaders have promised to maintain a proactive fiscal policy to stimulate consumption and investment, which is expected to boost metal demand and pricing. Additionally, a weak US dollar has been supporting metal stocks. This combination of factors has led to a positive outlook for Hindustan Zinc and other metal companies.
Technical Analysis
According to Drumil Vithlani, Technical Research Analyst at Bonanza, Hindustan Zinc has delivered a strong weekly breakout attempt, reclaiming the 540-550 resistance zone. The stock is trading above the 20W and 50W EMAs, showing improving medium-term strength. The RSI at 66 reflects healthy bullish momentum without being overextended yet.
Stock Performance
The shares of Hindustan Zinc have jumped nearly 13% in the past five days and over 16% in the past one month. The stock has surged nearly 27% in 2025 so far, rebounding nearly 50% in nine months to its new record high level. However, the stock is still around 61% lower than its all-time high level of Rs 1,443 per share, which it had hit in January 2011.
- Hindustan Zinc is the largest silver producer in India.
- Silver prices have crossed the Rs 2 lakh-mark for the first time.
- China's pro-growth policies are expected to boost metal demand and pricing.
- A weak US dollar has been supporting metal stocks.