Hindustan Zinc Soars: Silver Rally Fuels Market Cap Boom

Hindustan Zinc Limited has achieved a significant milestone, with its market capitalization exceeding Rs 3.2 lakh crore. This valuation surge is primarily attributed to a dramatic threefold increase in silver prices over the past year, positioning the company as a leader in India's metals sector. The company's stock saw a notable jump of over 6% on Friday, contributing to its year-to-date gains.

Analysts are optimistic about Hindustan Zinc's prospects. HSBC upgraded the stock to 'Buy' with a target price of Rs 750, citing strong fundamentals and a stable outlook for zinc and silver prices. IIFL Capital initiated coverage with an 'Add' rating and a target of Rs 712, acknowledging management's maintained silver volume guidance.

The company reported its highest-ever quarterly topline and bottom-line in Q3 FY26, with consolidated net profit jumping 46% year-on-year to Rs 3,916 crore. Total revenue also reached a quarterly high of Rs 10,980 crore, a 27% increase from the previous year. Furthermore, its quarterly cost of production was the lowest in five years at $940 per tonne.