Hindustan Zinc Shares Rise as Silver Prices Hit Record Highs Amid Global Tensions
16 hours agoBusiness
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4 SourcesTehran, Iran
TBNthebalanced.news
Hindustan Zinc Shares Rise as Silver Prices Hit Record Highs Amid Global Tensions

Hindustan Zinc shares saw a significant rise, climbing over 4% on Monday, driven by a record rally in silver prices. Silver's surge, fueled by geopolitical tensions and global uncertainty, positively impacts Hindustan Zinc as it is a major silver producer, with silver contributing substantially to its profits and EBIT. Analysts maintain a constructive outlook, citing positive technical indicators and potential for further upside, though some caution about volume expansion sustainability. The company's stock has seen a notable increase over recent sessions.

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