HighPositive
Announced Fri, 3 Jul · 11:37 IST

Hindustan Zinc shares jump 3%. Here are 3 reasons behind today's shine

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AI summary

Hindustan Zinc shares jumped over 3% to Rs 544.80 on NSE, driven by three factors: a weakening US dollar boosting metal prices, silver futures surging over 2% on cooling Fed rate hike expectations, and a strong Q1 FY27 business update. The company reported its highest-ever first quarter mined metal production for the fifth consecutive year at 268 kt, with saleable metal output up 4% to 260 kt and refined zinc output up 6% to 213 kt. Silver output, however, dipped 0.4% to 149 tonnes.