Hindustan Zinc’s stock took a sharp dive as silver prices fell, wiping out a recent rally.
Silver prices tumble
Silver futures on the MCX dropped more than 8% after reaching a record high, pulling back from the peak they hit earlier in the day.
Impact on Hindustan Zinc
Hindustan Zinc, India’s biggest silver producer, saw its share price fall more than 6% intraday, sliding to around Rs 618 after briefly touching Rs 614.
Vedanta’s linked move
The parent company Vedanta also slipped about 1%, erasing the early gains it had made.
Recent stock performance
Even with today’s dip, Hindustan Zinc has risen:
- ~2% over the last five days
- ~24% in the past month
- ~39% so far in 2025
What analysts say
Analysts note that the sharp rise in silver drove the recent jump in the stock, and the sudden pull‑back in silver prices likely caused the sell‑off.
Key numbers
- Silver futures (Mar) fell to Rs 2,33,120 per kg
- Silver futures (May) down 9%, July down 10%
- Hindustan Zinc P/E ratio: 26
- Market cap: over Rs 2.61 lakh crore
Remember, this is just an overview, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.