Business Today
Shares of jumped 8.62 per cent in Friday's trade to hit a one-year high of Rs 567.50, driven by a sharp surge in silver prices. Silver futures for the March expiry touched fresh record highs, crossing the Rs 2 lakh per kg mark for the first time. Advertisement
As India's largest silver producer, Hindustan Zinc stands to benefit from the strong rally in the metal. The Vedanta subsidiary is known for processing refined silver with a minimum 99.9 per cent purity.
The stock is also moving in line with its metal peers after Chinese leaders pledged to maintain a "proactive" fiscal policy next year to spur consumption and investment and support economic growth. Hopes of fiscal stimulus have eased concerns over the slowdown seen in the second half of 2026 in most sectors outside China's trillio
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