Hindustan Zinc shares declined 3.99% to hit an intraday low of ₹541.20 on Wednesday, June 10, 2026, tracking weakness in silver prices amid heightened geopolitical tensions in West Asia. The stock was trading at ₹550 apiece on BSE, down 2.43% at the time of writing, with a market capitalization of ₹2,32,392.55 crore. The decline came as silver exchange-traded funds (ETFs) were trading lower by up to 5%, with spot silver prices plunging 2-3% globally and MCX silver down to below ₹2.34 lakh per kg. Spot silver is currently below $64 per ounce and 1 kg physical silver rate is down by ₹10,000 to ₹2.50 lakh during the day, highlighting the sector-specific pressure on zinc and silver-related stocks. As per Goodreturns, silver contributes significantly to Hindustan Zinc's revenue despite lower shares in volume terms compared to zinc.
According to reports from The Hindu BusinessLine, Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Sulfozyme Agro India under its flagship Zinc Industrial Park initiative to advance sustainable metal recovery. The partnership was established at the Zinc Industrial Park located at Khankhala, Bhilwara district in Rajasthan. This collaboration represents another strategic step toward strengthening India's downstream zinc sector through sustainable metal recovery, resource efficiency, and innovation-led industrial development. The MoU was formalized on June 10, 2026, as reported by Hindustan Zinc Limited, with the initiative initially proposed at the Rising Rajasthan Global Investment Summit in December 2024. The partnership was announced by the Chief Minister of Rajasthan, Bhajan Lal Sharma, alongside Vedanta Group Chairman, Anil Agarwal.
Under the collaboration, Sulfozyme Agro will establish its proposed operations at the Zinc Industrial Park focused on processing zinc-based materials into value-added products for industrial and downstream applications. Hindustan Zinc will support the venture through assured raw material linkage and long-term ecosystem support, enabling efficient operations, integrated supply chains, and scalable manufacturing within the Park's industrial network. The Zinc Industrial Park is developed in collaboration with RIICO (Rajasthan State Industrial Development and Investment Corporation) and offers ready-to-use infrastructure and proximity to raw material supply to attract zinc customers, processors, and MSMEs. The park is designed as a dedicated downstream manufacturing hub that integrates raw material availability with value-added zinc production.
According to The Hindu BusinessLine, the partnership aligns with Hindustan Zinc's broader vision of strengthening the MSME ecosystem by creating opportunities for downstream industries, local entrepreneurship, and industrial growth in the state of Rajasthan. The collaboration is positioned to contribute to the development of the zinc processing and manufacturing sector through sustainable industrial practices and value-added product development. As emphasized by Mr. Arun Misra, CEO of Hindustan Zinc, the partnership reflects a commitment to strengthening the circular economy and enabling downstream value creation through the Zinc Industrial Park platform, with the initiative designed to position Rajasthan as a leading manufacturing hub for zinc-based industries and advanced manufacturing. The company aims to accelerate industrial growth, support MSME development, and position Rajasthan as a leading destination for zinc-based industries and advanced manufacturing.
Despite the recent decline, the consensus recommendation from 16 analysts for Hindustan Zinc is BUY, as per Trendlyne data, with an average 12-months target price of ₹655.19 apiece, signaling a potential upside of 19.40%. SBI Securities has recommended BUY with a target price of ₹745 after Q4 results, highlighting the company's strong operational outlook and robust earnings trajectory. The company has demonstrated a strong track record of dividend payouts with 40 dividends distributed since August 2003, including ₹21 per share in the past 12 months with a current dividend yield of 3.81%. Additionally, Hindustan Zinc has issued one bonus share in 1:1 ratio in March 2011 and split once in 1:5 ratio on March 8, 2011, with its face value trimmed to ₹2 each from earlier ₹10 each. As reported by Goodreturns, Hindustan Zinc is a Vedanta Group company and the world's largest integrated zinc producer, among the top 10 silver producers globally. According to SBI Securities, during QQFY26, the company reported consolidated Revenue/EBITDA/PAT at ₹13,544 crore/₹7,706 crore/₹5,033 crore growing in at 49.0%/59.9%/67.6% YoY respectively, with EBITDA margins expanding ~390 bps to 56.9%.
