The Hindustan Zinc share price once again grabbed attention in the stock market today, rising sharply as silver prices continued their unstoppable climb. While broader markets struggled to hold ground, Hindustan Zinc quietly moved higher, riding a powerful commodity tailwind.
Market Performance: Hindustan Zinc Outperforms Broader Indices
It turned out to be another strong session for Hindustan Zinc.
The stock climbed 3% during the day to touch ₹656.35 per share, marking its highest level in the last 16 months. This rally came even as frontline indices slipped for the third straight session, highlighting clear stock-specific momentum.
Some key points stood out:
- Opening price: ₹656.35
- Day’s high: ₹656.35 (16-month high)
- December gains so far: 33.45%
- Calendar year 2025 rally: 46%
At a time when the stock market today is short on direction, Hindustan Zinc has emerged as one of December’s strongest performers.
Main News: Silver Prices Drive the Rally
The sharp rise in the Hindustan Zinc share price closely mirrors what’s happening in silver markets.
Silver prices continued breaking records:
- MCX March silver contracts rose another ₹14,400 per kg
- Prices crossed ₹2.5 lakh per kg for the first time
- Latest level: ₹2,54,174 per kg
This came on the back of a sharp jump on Friday, when silver had already gained ₹16,000 per kg.
The momentum doesn’t stop there:
- Month-to-date gains: 43%
- Year-to-date gains: 182%
- Gold’s YTD rise for comparison: 82%
In global markets, silver also hit uncharted territory:
- Spot silver prices crossed $80 per ounce
- Latest peak: $84 per ounce
This strong pricing environment has directly supported sentiment around Hindustan Zinc in the stock market today.
Company Details: Why Silver Matters to Hindustan Zinc?
Hindustan Zinc has become increasingly sensitive to silver price movements, and recent numbers highlight why.
Here’s how silver impacts the company’s financials:
- Every $1 per ounce increase in silver prices leads to roughly a 1% rise in EBITDA
- Silver contributed 41% of EBIT in H1FY26
- This is a sharp jump from 28% in FY23
As silver prices surge both domestically and internationally, this growing contribution has naturally strengthened the outlook around the Hindustan Zinc share price.
Market Capitalisation Sees Big Jump
The rally has also translated into a massive rise in valuation.
As of now:
- Market capitalisation: ₹2.74 lakh crore
- Value added in 2025: nearly ₹85,000 crore
This sharp increase reflects how closely the stock has tracked silver’s record-breaking move during the year.
Silver Rally Steals the Spotlight in Stock Market Today
While equity benchmarks remain under pressure, commodities—especially silver—have become the clear story.
Silver’s performance so far:
- Breaks past ₹2.5 lakh per kg on MCX
- Crosses $80 per ounce internationally
- Outpaces gold by a wide margin in 2025 returns
This surge has kept silver-linked stocks like Hindustan Zinc firmly in focus during the stock market today.
Summary
The Hindustan Zinc share price touching a 16-month high isn’t happening in isolation. It’s tightly linked to the historic rally in silver prices across domestic and global markets.
With:
- A 3% single-day jump
- 33% gains in December
- Strong silver exposure in earnings
- And a ₹2.74 lakh crore market valuation
Hindustan Zinc has clearly stood apart in a weak broader market. As long as silver holds firm, the stock remains one of the most closely watched names in the stock market today.
Source: Livemint
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