Silver's Plunge Wipes Out 24% of Hindustan Zinc's Capital in Two Days

• Hindustan Zinc shares plummeted by 24% in two trading days, with over 13% decline on Budget day, due to a global silver price crash.
• The company's market cap dropped by approximately ₹36,000 crore, falling from over ₹3 lakh crore to ₹2.41 lakh crore.
• Before the recent fall, Hindustan Zinc was the most valued metal stock, having surged 60% in two months due to rising silver prices.
• Despite the share drop, Hindustan Zinc reported strong Q3 FY2026 results, with net profit up 46.5% and operational revenue up 27.6%.
• Hindustan Zinc is the only listed silver play in India, making its shares highly sensitive to silver price fluctuations.

Why It Matters: A sharp decline in global silver prices severely impacted Hindustan Zinc's stock, eroding 24% capital.