Hindustan Zinc Shares Jump 2% on Soaring Silver Prices, Strong Q3 Results

• Hindustan Zinc shares surged over 2% to a new 52-week high of Rs 674.30 after strong Q3 FY26 results.
• The company reported a 46.5% YoY jump in standalone net profit to Rs 3,879 crore and a 27.5% YoY rise in revenue to Rs 10,922 crore.
• EBITDA climbed 34.7% YoY to Rs 6,055 crore, with margins expanding to 55% due to lower zinc production costs and better operating leverage.
• Q3 marked Hindustan Zinc's highest-ever quarterly revenue and profit, driven by higher metal production, stronger zinc and silver prices, and reduced costs.
• Brokerages like HSBC and Jefferies maintained 'Buy' ratings with target prices of Rs 750, while Citi and Nuvama issued 'Sell' and 'Reduce' ratings respectively, citing valuation concerns.

Why It Matters: Hindustan Zinc saw a significant share price jump and record Q3 performance, driven by high silver prices.