Hindustan Zinc Share: Market analyst Anil Singhvi has gone bullish on Hindustan Zinc and labelled it a strong buy in the cash segment. It is suggested to buy with a stop loss of Rs 442 and target levels of Rs 452, Rs 458, and Rs 462, owing to strong fundamentals and favourable macro cues propelling the metal pack higher.
Hindustan Zinc shares have already indicated a breakout, and experts feel there is room for more upside, particularly with the metal space picking up pace amidst a global zinc upturn, a deteriorating dollar, and tight supply dynamics.
Why Hindustan Zinc is shining on D-Street
Zinc prices have recovered almost 10 per cent from April 2025 lows on a combination of declining inventories, geopolitics-fueled supply risks, and strengthening demand from leading importer China. The London Metal Exchange (LME) zinc inventory has declined more than 20 per cent month-on-month, reflecting tight supply availability and supporting price sentiment.
Adding to the positive story, the US dollar index has fallen to 3.5-year lows around 97, making dollar-denominated commodities such as zinc more attractive to global investors.
Additionally, the Israel-Iran ceasefire is still a fragile one, and sustained tensions in the Middle East have induced concerns regarding potential supply bottlenecks in the commodities system, offering further tailwinds to metal stocks.
Brokerage views
Brokerages also remain progressively positive on Hindustan Zinc:
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JM Financial is at a ‘Buy’ with a target of Rs 550, which reflects almost 20 per cent upside.
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Philip Capital has a ‘Buy’ call as well with a target price of Rs 526, indicating a return of 15 per cent.
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Antique Broking is fairly conservative but still identifies value, giving a ‘Hold’ rating and a target of Rs 489, an 8 per cent upside.
The analysts believe that the growing pricing power, healthy balance sheet, and chances of improved realisations in FY26 may sustain investor sentiment in Hindustan Zinc.
What should one do now?
With positive global leads, surging zinc prices, and a technical breakout on the board, Hindustan Zinc can stay in the limelight in the short to medium term. Intraday traders using Singhvi’s strategy may grab quick gains, whereas long-term punters can rely on the strengthening demand-supply dynamics and institutional support.
The stock has already beaten the wider metal index for the quarter, and if worldwide demand remains strong and supply remains tight, Hindustan Zinc may well realise its multibagger potential.