Hindustan Zinc Share Price Surges 53% in 2 Months, Hits 52-Week High Despite Weak Market

Hindustan Zinc share price (NSE: HINDZINC) climbed to a new 52-week high of ₹699.35, gaining nearly 3% during intraday trade on Wednesday, even as the broader market remained weak.

At the same time, the BSE Sensex slipped 0.32% to around 81,916, highlighting the stock’s strong outperformance.

Stock Rally After Strong Q3 Results

In the last 3 trading sessions, Hindustan Zinc shares have risen about 10%, driven by strong earnings for the December 2025 quarter (Q3FY26).

Over the past 2 months, the stock has surged 53%, reflecting improved earnings visibility and positive market sentiment. The stock had earlier touched a record high of ₹807 in May 2024.

Current Market Price Performance

Hindustan Zinc was trading around ₹693.15, up 1.82%, with an intraday range of ₹680.75–₹699.30. The stock’s 52-week range stands between ₹378.15 and ₹699.30.

Hindustan Zinc Q3FY26 Financial Performance

Hindustan Zinc reported its highest-ever quarterly revenue and profit in Q3FY26. Revenue rose to ₹10,980 crore, up 28% quarter-on-quarter and 27% year-on-year, supported by higher metal prices and improved volumes.

Profit after tax (PAT) came in at ₹3,916 crore, registering a 48% QoQ and 46% YoY growth.

Margins Improve on Lower Costs

EBITDA stood at ₹6,087 crore and EBITDA margins improved to 55.1%, compared with 52% in the previous quarter.

The margin expansion was mainly due to favourable metal prices and lower zinc production costs.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Management Outlook Remains Positive

The company said Q3FY26 marked a record quarter, with the highest-ever third-quarter metal production and the lowest zinc cost of production in five years at $940 per tonne.

Hindustan Zinc maintained its FY26 refined metal guidance of 1,075–1,100 ktpa and expects silver output of around 680 tonnes (±10 tonnes). Silver volumes are likely to improve further in Q4FY26, supported by operational improvements and favourable conditions.

Conclusion

Hindustan Zinc’s sharp rally reflects strong earnings, improved margins and a positive outlook on metal prices. 

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