Hindustan Zinc shares crash over 6%
image for illustrative purpose
Mumbai: Shares of Hindustan Zinc Ltd., came under heavy selling pressure, as the stock fell more than 6 per cent to Rs 588.35 on the NSE. This marked its steepest single-day fall in the last six months. The sharp decline was largely driven by a sudden correction in silver prices, which dampened investor sentiment across the metal sector after a strong rally last year.
The sell-off was not limited to one stock, as the entire metal pack traded in the red during the session. The Nifty Metal index slipped around 3.5 per cent, with Hindustan Zinc emerging as the biggest laggard among its peers.
The stock opened lower at Rs 623 and continued to slide through the day, hitting its lowest level since June 18. With Thursday’s fall, Hindustan Zinc has now lost about 8.5 per cent in just two trading sessions.
The decline has also wiped out its early 2026 gains, pushing the stock down nearly 3.4 per cent so far this month. The weakness in silver prices is a key concern for the company, as silver plays a major role in its earnings.
