HINDZINC.NS Stock Today: January 28 Record Silver Prices Drive 52-Week High
The hindustan zinc share price jumped to a fresh 52-week high today as MCX silver futures hit record levels. Shares of HINDZINC.NS traded near ₹708.20, with an intraday high of ₹732.70 and a new year peak at ₹733.00. HSBC upgraded HZL to Buy with a ₹750 target, citing silver’s strong earnings impact. As India’s largest silver producer, the company benefits directly from the silver price rally. The stock is up about 65% in six months, reflecting improving sentiment and stronger commodity tailwinds.
Why HINDZINC hit a 52-week high
MCX March silver futures topped ₹3.5 lakh per kg, sparking a silver price rally that lifted producer equities. Silver ETFs India also surged, with some funds gaining up to 12% recently. This momentum matters because Hindustan Zinc is the country’s top silver producer, so higher realized prices can flow quickly to profits. See details here: News18.
An HSBC upgrade HZL call to Buy and a new ₹750 target added fuel to the move. The broker highlighted silver’s outsized EBIT contribution, implying stronger earnings leverage if prices stay firm. This helped the hindustan zinc share price vault to its 52-week high as sentiment improved. Coverage context: Zee Business.
Levels to watch and technical setup
Price trades near ₹708.20 after hitting ₹732.70, with the 52-week high at ₹733.00. RSI is 68.31 and ADX is 48.14, signaling a strong trend. MACD histogram is slightly negative at -0.18, hinting at short pauses inside an uptrend. Volume spiked to 3.82 crore shares versus a 1.08 crore average, confirming strong interest in the hindustan zinc share price today.
Immediate support sits around ₹712.00 (open) and ₹701.60 (day low). Resistance stands at ₹733.00, then the HSBC target at ₹750. The stock is trading above the upper Bollinger Band near ₹669.93, showing stretched conditions. Traders may expect swings as gains digest. A sustained close above ₹733 could set up attempts toward ₹750 in the near term.
Earnings impact of silver strength
Silver’s higher prices lift realizations for HZL’s by-product silver output, supporting margins. On valuation, the stock trades near 26.0x TTM P/E with a trailing dividend of ₹29 per share, implying about a 4.0% yield. If silver stays firm, the hindustan zinc share price can track improved EPS, though zinc and lead cycles, costs, and currency still influence outcomes.
Key watch: the next earnings date on 17 April 2026. We will look for updates on silver output mix, grade, and cost guidance, plus any dividend commentary. Volume expansion to 3.82 crore today versus a 1.08 crore average shows growing participation. Any commentary on smelter utilization and capex can sway the hindustan zinc share price around results.
How investors in India can position
With ATR at 18.45, day-to-day swings can be sharp. Short-term traders may consider booking partial gains into strength and using tight stops below ₹700 to manage risk. Watching intraday behavior near ₹733–₹750 is key. A pullback toward ₹710–₹700 that finds buyers could offer better risk-reward entries if momentum resumes.
For long-term investors, focus on cash returns and balance sheet. Debt-to-equity is about 0.82 and dividend yield is near 4%. Flows into silver ETFs India can support sentiment, but commodity cycles can reverse quickly. Staggered buying and diversification across metals reduce risk. Revisit sizing if the hindustan zinc share price runs far ahead of earnings.
Final Thoughts
Today’s move in the hindustan zinc share price is anchored by record MCX silver and a supportive broker call. Price, momentum, and volume confirm strong interest, but near-term swings can be wide as the stock trades above its upper band. Our take for India investors: respect support near ₹701–₹712 and watch resistance at ₹733–₹750. Short-term traders can trail stops and avoid chasing gaps. Long-term holders can use dips to add, focusing on earnings sensitivity to silver, steady dividends, and balance sheet strength. Into the April results, we will track silver futures, ETF flows, smelter updates, and capital allocation to gauge durability of this uptrend.
FAQs
Why did Hindustan Zinc rise today?
The stock rallied as MCX silver March futures topped ₹3.5 lakh/kg, boosting earnings sentiment for India’s largest silver producer. An HSBC upgrade to Buy with a ₹750 target added to the momentum. Strong volume and a new 52-week high reinforced the move, though short-term volatility may remain elevated.
What levels should traders watch now?
Support sits around ₹712 and ₹701.6, while resistance is at ₹733, then ₹750. The price is above the upper Bollinger Band near ₹669.9, so pullbacks can occur. A firm close above ₹733 improves odds of testing ₹750. Below ₹700, risk control becomes more important.
Is Hindustan Zinc expensive after the surge?
Shares trade near 26x TTM earnings with a trailing dividend of ₹29 per share, implying around a 4% yield. That is not cheap versus its history, but silver-led earnings leverage can support valuations. Investors should weigh commodity risks and consider staggered entries rather than all-at-once buys.
What could drive the next big move in the stock?
Three drivers stand out: silver prices and ETF flows, the April 17, 2026 earnings print and guidance on output, costs, and dividends, and movements in zinc and lead. Any update on capital allocation or expansion plans can also shift expectations for cash flows and valuation.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
