What caused Hindustan Zinc's market value to exceed Rs 3 lakh crore?

Hindustan Zinc's market value crossed Rs 3 lakh crore due to a threefold surge in silver prices over the past year.

What are the recent analyst ratings for Hindustan Zinc?

HSBC upgraded Hindustan Zinc to 'Buy' with a target price of Rs 750, while IIFL Capital initiated coverage with an 'Add' rating and Rs 712 target.

How did Hindustan Zinc perform in Q3 FY26?

In Q3 FY26, Hindustan Zinc reported its highest-ever quarterly revenue and profit, with net profit up 46% year-on-year.

Home / Business and Economy / Hindustan Zinc Soars: Silver Rally Fuels Market Cap Boom

Hindustan Zinc Soars: Silver Rally Fuels Market Cap Boom

23 Jan

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Summary

Hindustan Zinc's market value surpassed Rs 3.2 lakh crore.
Silver prices have dramatically tripled over the past year.
HSBC and IIFL Capital upgraded the stock with target prices.

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.