HINDZINC.NS Stock Today: December 24 – Silver Rally Lifts 52-Week High
Hindustan Zinc share price jumped to a fresh 52-week high as global silver prices surged above $72 per ounce. The stock last traded at ₹609.80, up 0.54%, after touching ₹615.50, with market cap near ₹2.58 lakh crore. HINDZINC.NS outperformed as investors priced in higher silver-linked earnings. Jefferies issued a Buy with a ₹660 target, while focus remains on Vedanta’s NCLT-cleared demerger. We break down today’s move, key technicals, valuation, and what the silver spike means for Hindustan Zinc stock into January.
HINDZINC.NS Today: Price Action and Technicals
Shares opened at ₹610.00, hit a high of ₹615.50, and a low of ₹606.50. Volume was 9.28 million versus a 7.59 million average, showing strong interest as Hindustan Zinc share price approached its band top. The 50-day average is ₹498.68 and the 200-day is ₹460.08, underscoring a solid uptrend from mid-year levels.
RSI at 81.79 flags overbought conditions, yet ADX at 40.85 confirms a strong trend. MACD remains positive with a wide histogram. Price is near the Bollinger upper band at ₹623.10. Traders may watch ₹606 to ₹605 as immediate support and ₹620 to ₹623 as the next resistance cluster for Hindustan Zinc share price.
Silver Rally: Earnings Leverage and Outlook
Silver above $72 boosts by-product credits and unit economics for the zinc-lead operations, improving margins. TTM net margin stands at 31.74%, aided by cost control and high realizations. With Hindustan Zinc share price tracking metal moves, sustained silver strength can offset zinc softness, supporting cash generation and capital return capacity into FY26.
Key watchpoints include mined metal output, smelter throughput, and cost per tonne. Currency trends and LME zinc-spread dynamics matter for realizations. The next results are scheduled for 16 January 2026, keeping guidance and commentary in focus. Any confirmation of stronger silver-linked income could extend the bid under Hindustan Zinc share price.
Valuation, Yield, and Balance Sheet
Hindustan Zinc trades at 24.37x TTM EPS of ₹25.02, with price-to-sales at 7.74 and price-to-book at 18.81. ROE is a robust 88.09%, reflecting capital efficiency. Enterprise value to EBITDA is 14.46. The Meyka Stock Grade is B with a Hold stance, indicating balanced risk-reward after the recent rally in Hindustan Zinc share price.
TTM dividend per share is ₹29, implying a 4.76% yield. Interest coverage is 13.44 and debt-to-equity is 0.82. Liquidity is tighter with a current ratio of 0.86. If metal prices cool, payouts could moderate, though silver’s surge provides a helpful buffer for Hindustan Zinc share price and cash flows.
Street View and Corporate Actions
Jefferies issued a Buy initiation with a ₹660 target, implying about 8% upside from ₹609.80. The call leans on silver leverage and operational delivery. After a sharp run, positioning is rich, but positive catalysts could keep Hindustan Zinc share price supported if execution and commodity prices remain favorable.
NCLT-cleared restructuring places HZL within residual Vedanta, keeping governance and capital allocation in view. Timelines, any shifts in promoter actions, and dividend upstreaming will be tracked. Clarity here can reduce event risk and stabilize multiples, an important backdrop for Hindustan Zinc share price as it trades near its peak.
Final Thoughts
Hindustan Zinc share price is riding a clean macro tailwind from record silver, with price action confirming strength near the upper Bollinger band. For traders, ₹606 to ₹605 is the first support zone, while ₹620 to ₹623 is immediate resistance. Sustained closes above this band can open space toward the ₹660 broker target. For investors, the focus should stay on silver trends, unit costs, LME spreads, and any updates tied to the Vedanta demerger. Valuation and yield look balanced after a strong run, so staggered accumulation on dips may suit risk-aware portfolios. This article is informational and not investment advice; please do your own research.
FAQs
The move tracks a global spike in silver above $72 per ounce, which boosts Hindustan Zinc’s by-product credits and margins. Strong volume, a positive MACD, and a high ADX showed trend strength. A supportive broker view and focus on Vedanta’s demerger also lifted sentiment around Hindustan Zinc stock.
Short term, yes. RSI at 81.79 indicates overbought, and price is near the Bollinger upper band. Trend strength remains firm with ADX at 40.85. Traders may look for consolidation toward ₹606 to ₹605 support, while investors can watch for dips if the silver-driven earnings thesis stays intact.
Jefferies has a Buy rating with a ₹660 target, implying around 8% upside from ₹609.80. The call highlights silver-linked earnings leverage and steady operations. Any moderation in metal prices or execution slippage could delay the move, but strong silver would support the target track.
Immediate support sits at ₹606 to ₹605, near today’s low. Resistance lies around ₹620 to ₹623, close to the Bollinger band top. The 50-day average at ₹498.68 is a medium-term reference. A decisive close above ₹623 can extend momentum, while a drop below ₹605 may trigger profit-taking.
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.
