HINDZINC.NS Stock Today: Silver Pullback Tests 52-Week High – December 31
The hindustan zinc share price hovered near ₹625.30 on December 31 as MCX silver cooled from record levels. Hindustan Zinc (HINDZINC.NS) swung between ₹613.05 and ₹630.00, staying below its 52-week high of ₹656.35. The move tracked silver price MCX volatility after a sharp reversal. Despite an intraday drop of about 6% reported by media, the stock stabilized by close. Volume hit 1.17 crore shares versus a 0.80 crore average, signaling active participation as traders weighed near-term levels into the year-end session.
Price action and key levels
Hindustan Zinc opened at ₹615.00 and quickly tested ₹630.00 before slipping to ₹613.05. The hindustan zinc share price remains within sight of the ₹656.35 52-week high, but the day’s fade showed profit-taking and sensitivity to silver. Market cap stands near ₹2.64 lakh crore. Turnover was heavy with 1.17 crore shares traded, about 46% above the 20-day average, highlighting strong two-way interest.
Immediate resistance sits at ₹630, followed by the 52-week high at ₹656. Bulls face the Bollinger upper band at ₹662.48. On the downside, first watch ₹608.85, then ₹571.71 and the Bollinger mid near ₹559.53. Average True Range is ₹18.57, implying a typical daily swing of roughly ₹606 to ₹644 around current levels. We expect choppy trade as the year ends.
Silver correlation in focus
The hindustan zinc share price has closely tracked silver in December. MCX silver dropped 8% to 10% from lifetime highs, prompting a quick slide in Hindustan Zinc intraday before stabilizing by close, as reported by Moneycontrol source. As India’s largest silver producer, the company’s equity often reacts to sharp moves in bullion.
Silver boosts blended realizations, while zinc and lead provide the base. Sudden bullion swings can widen or compress margins quarter to quarter. We watch three drivers into January: silver price MCX direction, LME zinc spreads, and USDINR. If silver stabilizes, the Hindustan Zinc stock could revisit highs. Prolonged volatility can keep price action range-bound near key averages.
Fundamentals and dividends
Hindustan Zinc posts strong metrics: EPS ₹24.31, P/E 25.72, net margin 31.74%, ROE 88.09%, and interest coverage 13.44. Debt to equity is 0.82. A current ratio of 0.86 signals tight working capital, so cash discipline matters if metals soften. Price to sales is 8.09 and price to book is 19.65, implying premium valuation that requires steady realizations and volumes.
Income investors track the ₹29.00 TTM dividend per share, implying a 4.55% yield at today’s price. Payouts have been a key part of returns. The hindustan zinc share price premium, solid profitability, and regular dividends support long-term confidence, but entry points matter. Meyka Stock Grade is B with a score of 61.47, suggesting HOLD while monitoring cash flows and commodity exposure.
Trading view and scenarios
Momentum is elevated. RSI at 75.82 is overbought, ADX at 47.72 shows a strong trend, and MACD histogram is positive at 6.30. Money flow is firm with MFI at 78.62 and OBV rising. The Bollinger upper band near ₹662.48 caps immediate upside. Unless silver rebounds, a cool-off or sideways consolidation around ₹620 to ₹640 would not surprise.
For upside, a sustained close above ₹630 can open a retest of ₹656 to ₹662. On weakness, watch ₹608 first, then ₹572 to ₹560. Recent highs and the month’s surge were highlighted by The Economic Times source. Model baselines: 1-month ₹597, 1-year ₹477, 5-year ₹665, 7-year ₹816. These are indicative, not advice.
Final Thoughts
The hindustan zinc share price is balancing near-term silver-driven volatility with strong fundamentals and a healthy dividend. Today’s swing showed how quickly sentiment can shift when bullion cools. For traders, the map is clear: resistance at ₹630 and ₹656 to ₹662, support at ₹608 and then ₹572 to ₹560, with ATR pointing to wide daily ranges. For investors, P/E of 25.7, net margin above 31%, and a 4.55% yield frame a premium yet profitable franchise. Into January, we will track silver price MCX, LME metals, and USDINR for cues. Keep position sizing disciplined and focus on closing prices at key bands. This is information, not investment advice.
FAQs
It tracked a sharp pullback in MCX silver, which fell about 8% to 10% from lifetime highs. As India’s largest silver producer, Hindustan Zinc often moves with bullion. The stock tested ₹630 early, then dipped to ₹613 before stabilizing near ₹625 by close on strong, above-average volume.
Immediate resistance is around ₹630, followed by the 52-week high near ₹656 and the Bollinger upper band at ₹662. On the downside, watch ₹608 first, then the ₹572 to ₹560 zone around Keltner and Bollinger midlines. Daily ATR near ₹18.6 suggests wide intraday swings.
TTM dividend per share is ₹29.00, implying a 4.55% yield at today’s price. The company’s profitability and parent-driven payout history support income appeal. Still, dividends depend on commodity cycles and cash generation, so investors should weigh metals volatility and valuation before deciding.
Silver strengthens blended realizations and can lift quarterly margins when prices rise. When silver drops quickly, equity sentiment softens. The hindustan zinc share price has shown high sensitivity to recent silver swings, so tracking bullion and USDINR helps anticipate short-term price action alongside zinc and lead trends.
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.
