Hindustan Zinc Shares Hit 52‑Week High on Silver Rally – HSBC Upgrades Target Price

Hindustan Zinc Surges too 52-Week High as Silver Prices Soar

Shares of Hindustan Zinc experienced a significant rally on Tuesday, climbing as much as 4.5% to reach a new 52-week high of Rs 731 on the BSE. This surge is directly linked to the dramatic increase in silver prices.

SilverS Record-Breaking Performance

The precious metal, silver, has been on a tear, surging over 6% to surpass the key $100 per troy ounce mark and ultimately reaching a new record high of $117.69 an ounce before settling around $110 per ounce. This unprecedented rise is fueling gains for companies like Hindustan Zinc.

Hindustan Zinc’s Market Capitalization Milestone

driven by the silver rally, Hindustan Zinc’s market capitalization exceeded Rs 3 lakh crore, establishing it as India’s moast valued metal company.

Domestic Silver Futures Rally

The momentum is also evident in domestic markets. Silver futures for March 5 delivery on the MCX soared to Rs 3,54,530 per kg, a significant increase of Rs 19,831 or 5.93%. The futures contract even touched a lifetime high of rs 3,54,780.

Silver’s 2026 Performance

Silver has demonstrated exceptional performance in 2026, with a substantial rally that continues to attract investor attention.

Publication Date: 2026/02/09 23:06:03