Hindustan Zinc shares surge over 3%, hit fresh 52-week high on surging silver prices

Shares of the billionaire Anil Agarwal-backed silver producer, Hindustan Zinc, rose as much as 3.06% to hit a fresh 52-week high of ₹656.35 on the National Stock Exchange on Monday, December 29, on the back of surging prices of silver in the international and domestic markets.

Hindustan Zinc shares have been witnessing buying interest ever since price of silver has been making record highs in the domestic as well as international markets.

Silver prices extended their record-breaking rally for a sixth straight session on Monday, surging 6% to touch a lifetime high of ₹2,54,174 per kilogram in futures trade amid strong investor demand and bullish global trends.

On the Multi Commodity Exchange (MCX), silver futures for March delivery surged ₹14,387, or 6%, to hit a new record of Rs 2,54,174 per kilogram. The white metal has been witnessing robust buying interest from traders, tracking firm trends in the international markets.

Fresh up move in silver price came after media reports suggested that China, the world's second largest silver producer, is planning to restrict silver exports starting January which could lead to shortfall in the supply of white metal which is already facing supply concerns.

Meanwhile, Hindustan Zinc shares rose for a fifth straight session on Monday and the stock has climbed as much as 11.5% in the last five trading sessions, data from NSE showed.

Hindustan Zinc Q2 earnings

The Udaipur-based company reported a 13.83% year-on-year (YoY) surge in its consolidated net profit to ₹2,649 crore in the second quarter of the current financial year (Q2FY26).

In the corresponding period last year, the company had clocked a profit of ₹2,327 crore.

The Vedanta-group company witnessed a 3.6% YoY increase in its total revenue from operations, which sat at ₹8,549 crore during the quarter under review, as against ₹8,252 crore in the September quarter of FY25.

At an operational level, the firm's EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹4,467 crore, marking its best-ever second-quarter EBITDA. It jumped 7% YoY from ₹4,164 crore in the same quarter of FY25.

During the reporting quarter, it also clocked an “industry-leading” EBITDA margin at 52%, expanding from 50% in the September quarter of the previous fiscal year.

Silver drove 40% of its overall profit, which uniquely positioned the firm for “riding the silver wave”.

As of 12:00 pm, Hindustan Zinc shares traded 0.75% higher at ₹641.55, outperforming the NIFTY Metal index which was 0.43%.