Hindustan Zinc Shares Soar 5% on Strong Q3 Results, Silver Price Surge

• Hindustan Zinc shares jumped over 5% to a new 52-week high of Rs 696.90 after positive brokerage notes on Q3 FY26 results.
• The company reported a 46.5% YoY rise in net profit to Rs 3,879 crore and a 27.5% YoY increase in revenue to Rs 10,922 crore for Q3 FY26.
• Q3 marked Hindustan Zinc's highest-ever quarterly revenue and profit, driven by higher metal production, strong zinc and silver prices, and reduced costs.
• Soaring silver prices, hitting fresh lifetime highs, significantly boosted earnings, as Hindustan Zinc is India's largest silver producer.
• While HSBC and Jefferies maintained 'Buy' ratings with target prices of Rs 750, Citi and Nuvama issued 'Sell' and 'Reduce' calls, citing valuation concerns.

Why It Matters: Hindustan Zinc's Q3 performance, fueled by surging silver prices, led to a stock rally, but analysts are divided on future outlook.