Silver Plunge Hits Hindustan Zinc Shares: Down 5%, What's Next?

• Hindustan Zinc shares plummeted 5% intraday, coinciding with a sharp drop in silver prices.
• Silver fell by ₹20,000 per kilogram from its day's high, impacting metal stock sentiment.
• Despite the dip, Hindustan Zinc showed strong recent performance, up 30% in a month and 40% in a year.
• Promoter pledged stake significantly reduced from 93.5% to 9.27%, a positive sign.
• Domestic Institutional Investors (DIIs) consistently increased their stake, indicating growing confidence.

Why It Matters: Short-term volatility in Hindustan Zinc due to silver prices, but long-term outlook remains strong.