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Hindustan Zinc shares dropped to Rs 498.25 apiece on NSE on Friday morning despite the overall optimism in the stock market. The company’s market capitalisation slipped below Rs 2.11 lakh crore. Also read | 6,500 metric tons incoming in next six months: India opens festive floodgates for silver India’s higher imports, which relies on international purchases to meet more than 80% of its silver demand, could support global prices while easing hefty domestic premiums that have risen due to tight supplies. India had restricted imports of silver in nearly all forms with immediate effect mid-May. In June, it further tightened the rules by adding silver grain and powder to the restricted category and requiring prior import authorisation. "The government has allowed much more silver to be imported than the country is likely to need over the next six months, so this should help bring down domestic premiums," Reuters quoted Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer. Also read | Hind Zinc eyes lower production costs after record Q2 profit, sales Silver prices as a result dropped. Silver futures with December, March and May expiries dropped around 3% each to trade at Rs 1,93,940 lakh per kilogram, Rs 1,99,985 per kg and Rs 2,04,513 per kg. "The festive season is here, but demand is yet to pick up. Many investors have burned their fingers in the recent sharp price correction and are now staying on the sidelines," the report quoted a Mumbai-based dealer with a bullion importing bank. Hindustan Zinc share price Hindustan Zinc shares have fallen over 7% in the past week and 16% in the past month. The stock is down more than 18% so far in 2026 but has gained 4% over the past year. In the longer term, the shares of the company have jumped 65% in three years and more than 55% in five years. The company has a market capitalisation of less than Rs 2.11 lakh crore. Also read | Hindustan Zinc shares jump after Q2 net profit more than doubles. Why Jefferies cut target price? Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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