Hindustan Zinc Share Price: Hindustan Zinc shares are in high demand over the past one month on account of a record run in Silver prices. During Monday's
trading session, Hindustan Zinc shares climbed more than 3 per cent to hit a new 52-week high as Silver prices surged to hit fresh lifetime highs in both domestic and international markets. Hindustan Zinc shares opened gap with a gain of more than 2 per cent at Rs 601.25 on NSE versus the previous close of Rs 588.75. The buying spree continued post the positive start and the counter made a new 52-week high of Rs 610.55, up 3.7 per cent. Around 1:30 PM, Hindustan Zinc shares traded firmly in the green to quote 3.35 per cent higher at Rs 608.80. Nearly 90 lakh equities of Vedanta's subsidiary changed hands around the same time. The counter is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. In the last one month, Hindustan Zinc shares have climbed 33 per cent and the surge was mostly driven by the sharp jump in Silver prices. Hindustan Zinc is the largest producer of Silver in India. On Monday, Silver's March 2026 contract jumped more than Rs 6,000 or 3 per cent to touch an all-time high of Rs 2,14,583 per kilogram. It had zoomed by Rs 15,588 or 8.08 per cent over the past week. Comex silver futures for March 2026 contract increased by USD 2.04, or 3.02 per cent, to touch an all-time high of USD 69.52 per ounce in the overseas trade. The metal had risen by USD 5.48, or 8.84 per cent, over the last week. Commenting on Hindustan Zinc shares, Akshay Bhagat, Senior Vice President - Derivatives Research, JM Financial Services, said that the entire metal and mining space is buzzing with Hindustan Zinc in the focus due to rising Silver prices. "Hindustan Zinc shares have given a breakout on a positional basis from the levels of Rs 550 and formed an inverse head and shoulders pattern which is a bullish reversal indicator. It is still a good positional buy. My view is that Hindustan Zinc is getting ready to move towards its all-time high levels of Rs 750," the analyst said. "If you want to choose the best stock in the metal space, Hindustan Zinc could be a good stock to buy and hold for the long term. The technical setup is looking very strong and Rs 750 is my long term target. The target could be achieved in the next six months," he added. VIDEO
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
