Hindustan Zinc Shares Plunge 7% in 2 Days as Silver Prices Crash; What's Next?

• Hindustan Zinc shares plummeted nearly 7% in two days, trading around Rs 594 on NSE, despite a 20.91% rise over the last month.
• The sharp decline is attributed to falling silver prices globally and domestically, with MCX futures dropping over Rs 3,000 per kg.
• Hindustan Zinc, India's largest silver producer, also cut its Q3 silver production guidance from 700-710 tonnes to 680 tonnes.
• Profit booking, a strong US dollar, and anticipation of US employment data are cited as reasons for the precious metals' downturn.
• Experts suggest waiting for silver prices to stabilize near support zones for entry, while maintaining a positive medium-term outlook due to industrial demand.

Why It Matters: Hindustan Zinc shares fall sharply due to silver price crash; experts advise caution and long-term view.