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Hindustan Zinc shares jump 3%. Here are 3 reasons behind today's shine
Hindustan Zinc shares surged over 3% on Friday, adding approximately Rs 6,815 crore to its market value. This rally was fueled by a weaker US dollar, soaring silver prices, and a positive Q1 business update. The company reported its highest-ever first-quarter mined metal production, despite a slight dip in silver output. The stock's performance reflects a broader uptrend in metal stocks.
Silver price tanks 14% in a week leading to 9% decline in Hindustan Zinc share price. Is worst over for white metal?
Hindustan Zinc shares dropped 4% to ₹531.1 as silver prices continued to decline, impacted by a stronger US dollar and rising bond yields. Silver fell 14% this week, exacerbated by diminished geopolitical tensions and expectations of higher US interest rates affecting investor demand.
Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why
Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.
Hindustan Zinc shares decline 5% on falling Silver prices, stronger US Dollar
Hindstan Zinc is the only pure listed silver play in India. The metal accounts for around 50% to 45% of the firm's EBIT, which makes the stock highly sentitive to moves in the white metal.
Stocks to Watch for June 8: HCLTech, Adani Ports, Hindustan Zinc, ixigo and more
Alok Gupta resigns as Allied Blenders MD, Amar Sinha named successor, HCLTech awards 1 million Climate Action Grant, SBI MF buys Adani stakes from GQG, ixigo to buy 54.7% of Brevistay. Here are few stocks to keep an eye on ahead of Monday's trading session.
Stocks to Watch Today: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain, Brigade, SEDEMAC, Arvind SmartSpaces in focus on 11 March
Stocks to Watch, 11 March: Stocks like Infosys, Waaree Renewable Technologies, Arvind SmartSpaces, Waaree Energies, Central Bank of India, Hindustan Zinc, Adani Enterprises, SEDEMAC Mechatronics, HG Infra Engineering, Polycab India, InterGlobe Aviation, and Eicher Motors will be in focus on March 11