Hindustan Zinc Shares Plunge 20% After Record Silver Sell-off, ₹60,000 Cr Market Cap Erodes

• Hindustan Zinc shares fell 20% in two trading sessions following a record global Silver price drop last Friday.
• The stock declined 12.5% last Friday, its biggest single-day drop since January 2008, eroding ₹36,000 crore from its market cap.
• Another 10% fall on Sunday, February 1, brought the total market capitalization erosion to nearly ₹60,000 crore.
• Hindustan Zinc was India's most valued metal stock, with its market cap exceeding ₹3 lakh crore before the fall.
• The stock's price has fallen below both the indicative and floor prices of Vedanta's recent Offer For Sale (OFS).

Why It Matters: Hindustan Zinc shares plummeted 20% in two days due to a silver market crash, wiping out ₹60,000 crore.