HINDZINC.NS Stock Today: January 21 Rally on Silver Record, HSBC Buy
The hindustan zinc share price stayed in focus on January 21 after a strong run-up. HINDZINC.NS closed at ₹680.75 on January 20, up 3.08% with a new 52-week high of ₹696.90. The move tracked a record surge in silver and firmer LME zinc. HSBC upgrade Hindustan Zinc to Buy with a ₹750 target, citing better zinc and silver outlook. We break down levels, drivers, and what investors in India should watch next.
Price action and key levels
The stock rallied to a 52-week high of ₹696.90 on January 20, with the hindustan zinc share price closing at ₹680.75. Intraday range was ₹655.00 to ₹696.90, market cap stood near ₹2.88 lakh crore, and YTD gains were 11.24%. The uptrend follows recent breakouts highlighted by media tracking fresh highs source.
Momentum remains firm with RSI at 68.31 and ADX at 48.14 indicating a strong trend. Price sits above the Bollinger upper band of ₹669.93, which often signals stretched conditions. MACD histogram is slightly negative at -0.18, hinting at a pause risk. Volume jumped to 4.60 crore shares, over 5x the 0.89 crore average, underscoring institutional interest in the hindustan zinc share price.
Drivers: silver record and HSBC call
March silver futures touched ₹3 lakh per kg this week, lifting sentiment for producers with silver credits. In India, silver ETF share price levels hit all-time highs, supporting metals stocks. This strength aided the hindustan zinc share price, given the company’s silver output that offsets costs source.
An HSBC upgrade Hindustan Zinc to Buy with a raised ₹750 target adds a fresh catalyst. The call rests on stronger zinc and silver price assumptions and the company’s operating leverage. With broader markets choppy, this clear earnings sensitivity to LME metals keeps momentum traders and long-only investors engaged, helping the hindustan zinc share price hold gains near recent highs.
Fundamentals and valuation check
Operational metrics are solid. Net margin stands at 31.74% and ROE at 88.09% TTM, showing capital efficiency. The stock offers a 4.26% dividend yield, attractive for income seekers. Interest coverage is 13.44, while debt-to-equity is 0.82, manageable for a capital-heavy miner. These factors underpin confidence even as prices of zinc and silver drive quarterly swings.
Valuation is full. The stock trades near 27.23x TTM earnings and about 21x price-to-book, above historical mining peers. The current ratio at 0.86 flags near-term liquidity attention. Working capital is negative, and the price sits above the Bollinger band, suggesting limited near-term cushion. Any quick reversal in metals could pressure the hindustan zinc share price from elevated levels.
What to watch next
Key watchpoints include LME zinc moves and silver prices, which directly affect realisations. The next earnings announcement is scheduled by March 31, 2026, a formal checkpoint for guidance and costs. On the chart, ₹696.90 is the breakout marker, while ₹655.00 is the immediate support. ATR of ₹18.45 implies typical daily swings, useful for setting risk bands.
For traders, trend strength supports a buy-on-dips bias while RSI near 70 warns of brief cool-offs. Investors can track spreads between zinc and silver, dividend visibility, and capex plans. A sustained close above ₹696.90 could extend momentum, while slips toward ₹655.00 may test resolve. Keep position sizes aligned with ATR to protect gains in the hindustan zinc share price.
Final Thoughts
Hindustan Zinc’s rally stems from two clear drivers: a silver price record that boosts byproduct credits and an HSBC Buy call with a ₹750 target. Price action shows strong momentum, heavy volume, and a breakout to ₹696.90, though the stock now trades above its Bollinger band. Valuation is not cheap at 27x earnings and 21x book, so execution and metals prices matter. We suggest tracking LME zinc, domestic silver trends, and management’s cost guidance at the next update. Use ₹655.00 as a near support guide and watch for a decisive hold above ₹696.90 to confirm trend strength. Stay disciplined on risk and time entries.
FAQs
Why is the hindustan zinc share price rising today?
The move reflects stronger global zinc sentiment and a record surge in silver, which lifts byproduct credits and margins. Heavy volume and a breakout to a 52-week high at ₹696.90 added momentum. An HSBC Buy call with a ₹750 target also supported near-term confidence and flows into the stock.
Does the HSBC upgrade Hindustan Zinc change the outlook?
Yes. The upgrade to Buy with a ₹750 target signals improved earnings expectations from zinc and silver. It can draw new institutional interest and anchor dips. Still, the call relies on metals staying firm and stable costs. Monitor LME prices and operational updates for confirmation.
How do silver ETF share price moves impact Hindustan Zinc?
Silver ETF share price strength reflects bullish sentiment and often tracks futures. Hindustan Zinc earns significant silver revenue, which offsets costs in a zinc downcycle. When silver rallies, margin support improves and market sentiment tends to lift the stock, aiding the hindustan zinc share price during risk-on phases.
Is the hindustan zinc share price overbought after the breakout?
RSI at 68.31 sits near overbought, and price is above the Bollinger upper band, so a short pause is possible. However, ADX at 48.14 shows a strong trend. Pullbacks toward recent supports can reset momentum. Watch volume and MACD for signs of fatigue or continuation.
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.
