Hindustan Zinc Shares Tumble Amidst Silver Price Decline and Profit-Taking
1 day agoBusiness
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5 SourcesMumbai, India
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Hindustan Zinc Shares Tumble Amidst Silver Price Decline and Profit-Taking

Hindustan Zinc shares experienced a significant decline, falling up to 10% over two days, with its stock price dropping to around Rs 588. This downturn is primarily attributed to a sharp fall in silver prices, which retreated from recent highs, impacting investor sentiment. The company's stock has seen a substantial rally in the past year, leading to profit-taking. Analysts suggest that while silver prices are crucial for Hindustan Zinc's profitability, the stock's recent surge may limit further immediate upside for new investors.

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