Hindustan Zinc rises 4% as silver hits fresh high after Fed rate cut, stock surges 9% in 3 days

Hindustan Zinc share price

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26 Aug, 2025 12:21

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The shares of Hindustan Zinc extended gains for the third consecutive session, rising more than 4 percent as silver prices soared to fresh lifetime highs after US Federal Reserve’s rate cut.

The shares of the company rose to Rs 532 apiece on Thursday, the highest level seen by the stock in around six months. The stock has now risen nearly 9 percent in three days.

The sharp rise pulled up the shares of promoter Vedanta as well. Vedanta shares gained nearly 2 percent to trade at Rs 534.50 apiece in the morning trading hours of Thursday.

Silver hits fresh lifetime highs:

Silver hit new all-time highs on December 11. Silver futures with March expiry rose around 2.5 percent to hit a fresh lifetime high of Rs 1,93,452 per kilogram. The future contracts with May expiry hit Rs 1,95,899 per kg for the first time ever.

Silver was hovering around $62 for an ounce in the spot market, after having crossed the $60-milestone mark for the first time earlier yesterday. Today’s sharp rise in silver prices comes after US Federal Reserve announced its decision to cut interest rates by 25 basis points.

"These metals usually shine when rates fall because the dollar weakens and real returns on cash drop. So the Fed’s decision creates a friendlier environment overall, both for Indian markets and for precious metals in the short term," said Ravi Singh, Chief Research Officer from Master Capital Services.

Hindustan Zinc share price:

Hindustan Zinc is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity. The sharp rise in the bullion's prices is expected to further boost the stock.

Hindustan Zinc shares have gained around 6 percent in the past five days, and over 7 percent in the past one month. The stock is up more than 18 percent in 2025 so far.

The stock currently has a P/E ratio of over 21, and a market capitalisation of more than Rs 2.20 lakh crore.

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