Hindustan Zinc shares rise over 3% as silver prices climb and FY27 Q1 update boosts sentiment
Hindustan Zinc shares rose more than 3% in a single session, hitting a one-week high and adding about Rs 6,815 crore to the company’s market value. The move came as the dollar index fell 0.6% for the week, its biggest weekly drop since early April, helping lift MCX silver futures for September by over 2% to Rs 2.38 lakh per kg. The company also issued an FY27 Q1 business update, with refined zinc output up 6% year-on-year to 213 kt while silver output slipped 0.4%. Hindustan Zinc is India’s largest zinc producer, accounting for nearly 80% of the country’s primary zinc output, and is among the world’s top 10 silver producers.