Hindustan Zinc shares drop 4% as India allows large silver imports despite weak demand
Hindustan Zinc moved lower.
· ET Stocks, Economic Times Markets
Hindustan Zinc shares fell sharply on Friday after India issued permits to import 6,500 metric tonnes of silver over the next six months to meet festive-season demand. The move could ease domestic premiums amid weak demand, while silver futures declined around 3%. The stock is down over 18% so far in 2026.
The analysis
Hindustan Zinc reported movement of 4%, 3% and 18%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.1% on the day at ₹505.80, and has returned -5.6% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -9.5% over the same period, so Hindustan Zinc is running 3.9 points ahead of its peers.
For Hindustan Zinc, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- In focus: Hindustan Zinc (HINDZINC), in Metals & Mining.
- Over three months: Hindustan Zinc -5.6% against Metals & Mining -9.5% (3.9 points ahead).
- At least 25% below the 52-week high: Hindustan Zinc (30%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Hindustan ZincHINDZINC · Metals & Mining | ₹505.80 | -2.1% | -10.6% | -5.6% | -30.4% | 1.0× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Hindustan Zinc
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Are these low-P/E bluechip stocks really a bargain?
Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation
Vedanta Oil and Gas swings to ₹746 crore profit in Q2 despite output dip
Coal India Declares Interim Dividend Of Rs 10.25 Per Share For FY27 | Check Record Date
Vedanta lines up $25 bn investment over next three years for organic growth