Hindustan Zinc Share Price Surges as March Silver Contract Hits Rs 3 Lakh/kg

Hindustan Zinc shares gained momentum on Monday, tracking a remarkable surge in silver prices that touched a fresh record in the futures market. Investors were drawn to the rally as silver futures for March delivery crossed the Rs 3 lakh-per-kg mark, reflecting strong demand and positive trends in global markets.

Market Performance

• Hindustan Zinc shares opened the day with notable gains, touching an intraday high of Rs 662.25, marking a 3.84% rise from previous levels.
• The surge in the stock was closely aligned with the performance of silver in commodity markets.

Silver Prices Hit Record High

On the Multi Commodity Exchange (MCX), silver futures for March delivery climbed by Rs 13,553, a 4.71% increase, hitting an all-time high of Rs 3,01,315 per kilogram.

Internationally, the March silver futures contract also jumped, rising USD 5.81, or 6.56%, reaching USD 94.35 per ounce.

This sharp rise reflects strong industrial demand and robust investor interest, with silver outperforming gold in recent sessions.

Silver ETFs Mirror Gains

The rise in silver prices was mirrored in silver-focused exchange-traded funds (ETFs), which also saw substantial gains:

• Groww Silver ETF jumped over 4%
• DSP Silver ETF, Tata Silver ETF, Nippon Silver ETF (SilverBees), Zerodha Silver ETF, and Edelweiss Silver ETF posted healthy gains
• Other silver ETFs, including UTI Silver ETF, SBI Silver ETF, HDFC Silver ETF, ICICI Pru Silver ETF, Mirae Asset Silver ETF, Aditya Birla Silver ETF, Motilal Oswal Silver ETF, 360 ONE Silver ETF, and Kotak Silver ETF, recorded gains ranging from 3-5%

This parallel growth in ETFs highlights strong investor interest and liquidity in silver-linked assets, providing an added boost to related stocks such as Hindustan Zinc.

Company Overview: Hindustan Zinc

Hindustan Zinc remains one of India’s leading producers of zinc, with its operations closely tied to metal price movements. The sharp uptick in silver prices directly influenced the stock’s performance, reflecting the company’s sensitivity to commodity cycles.

The recent surge in silver not only affected commodity investors but also contributed to broader market enthusiasm, driving Hindustan Zinc’s stock higher on Monday.

Summary

Monday’s session saw Hindustan Zinc shares rising sharply, riding on record-breaking silver futures. Key takeaways:

• Hindustan Zinc intraday high: Rs 662.25 (3.84% up)
• March silver futures (MCX): Rs 3,01,315/kg (+4.71%)
• March silver futures (Intl.): USD 94.35/oz (+6.56%)
• Silver ETFs across platforms recorded gains of 3-5%, reflecting strong investor interest

The combination of rising silver prices and increased ETF activity created a favorable environment for Hindustan Zinc shares, marking a strong start to the week in the stock market.

Source: Moneycontrol