Hindustan Zinc Share Price Jumps 4% After Strong Q2 Results 2026: Should You Buy the Vedanta Group Stock? Target and Stop Loss
- October 21, 2026
- Posted by: Chaitanya Auti
- Category: News
The Hindustan Zinc share price opened at Rs 559.85 on 21 Oct 2026, up 3.98% from Rs 538.40, and that was the day’s high. By 11:20 AM IST it traded at Rs 537.65, down 0.14%, so the gap-up had faded completely (my calculation). Q2 FY27 net profit rose 142% to Rs 6,412 crore on revenue of Rs 15,093 crore, up 77%. The stock is still about 27% below its 52-week high of Rs 733.
Quick Answer
The Hindustan Zinc share price gapped up about 4% to Rs 559.85 at the open on 21 Oct 2026 after the company reported record Q2 FY27 results, with net profit up 142% to Rs 6,412 crore, EBITDA at a record Rs 9,285 crore and revenue up 77% to Rs 15,093 crore. The jump in profit came from higher silver and zinc prices and a 29% fall in zinc cost to $703 a tonne, and silver revenue more than doubled to Rs 4,111 crore. The opening gain then faded fully, and the stock traded near Rs 538 by late morning, below its 50-day average of Rs 575.59 and with a 14-day RSI of 36.7. Whether to buy Hindustan Zinc or its parent Vedanta depends on whether you expect metal prices to stay high, so the levels below are reference points and not a target or stop-loss recommendation.
The Hindustan Zinc share price closed at Rs 538.40 on 19 Oct, down 0.30%, before the results came out after market hours. The first session after the Q2 results in my data is 21 Oct, and the Hindustan Zinc share price opened 3.98% higher, touched Rs 559.85 and then slid back to the previous close.
This guide to the Hindustan Zinc share price covers the live snapshot, the Q2 FY27 results, where the profit came from, valuation, sensitivities, growth projects, price levels and the Vedanta Group angle. It is educational and not a recommendation to buy or sell any share.
Click Here – Get Free Investment Predictions
Hindustan Zinc Share Price Today: Live Snapshot
| Item | Reading on 21 Oct 2026 (11:20 AM IST) |
|---|---|
| Previous close of the Hindustan Zinc share price | Rs 538.40 |
| Open and day high of the Hindustan Zinc share price | Rs 559.85 |
| Day low of the Hindustan Zinc share price | Rs 536.65 |
| Last traded Hindustan Zinc share price | Rs 537.65, down 0.14% (NSE) |
| Volume in the Hindustan Zinc share price | About 66 lakh shares, against about 30 lakh on 19 Oct |
| 52-week range | Rs 453.50 to Rs 733.00 |
| Below the 52-week high | About 27% (my calculation) |
| 50-day average for the Hindustan Zinc share price | Rs 575.59, so the price is about 6.6% below it (my calculation) |
| 14-day relative strength index (RSI) | 36.7 |
| Market capitalisation | About Rs 2.27 lakh crore |
Volume is about double the 19 Oct level, which shows that the gap-up drew heavy selling at the open. The Hindustan Zinc share price therefore reflects strong results being met with profit booking, and not an unbroken rally. The headline gain of 4% was the opening gap and not where the stock traded later.
Compare metal stocks on the Univest Screener
Hindustan Zinc Q2 FY27 Results at a Glance
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | Rs 15,093 crore | Rs 8,549 crore | Up 77% |
| EBITDA | Rs 9,285 crore | Rs 4,467 crore | Up 108%, a record |
| EBITDA margin | 62% | 52% | Up about 10 points |
| Net profit | Rs 6,412 crore | Rs 2,649 crore | Up 142% |
| Earnings per share | Rs 15.2 | Rs 6.3 | Up about 141% (my calculation) |
| Zinc cost of production, excluding royalty | $703 per tonne | $994 per tonne | Down 29% |
The net profit margin works out to about 42.5% (my calculation). For the first half of FY27, revenue was Rs 28,840 crore, EBITDA Rs 17,359 crore and net profit Rs 11,881 crore, up 143%. Subtracting Q2 from the half gives Q1 net profit of about Rs 5,469 crore, so Q2 profit was about 17% higher than Q1 (my calculation). The Hindustan Zinc share price now has to deal with the question of how long such margins last.
Download the Univest iOS App or Univest Android App to get price alerts on Hindustan Zinc.
Where the Profit Came From: Silver, Zinc and Costs
| Segment or metric | Q2 FY27 | Change |
|---|---|---|
| Zinc sales revenue | Rs 8,224 crore | Up 54% from Rs 5,354 crore |
| Silver sales revenue | Rs 4,111 crore | Up 141% from Rs 1,706 crore |
| Lead sales revenue | Rs 1,130 crore | Up 35% from Rs 840 crore |
| Other revenue | Rs 1,628 crore | Up 151% |
| Mined metal production | 271,000 tonnes | Up 5%, a Q2 record |
| Refined metal production | 264,000 tonnes | Up 7% |
| Silver production | 173 tonnes | Up 20% |
The four revenue lines add up to Rs 15,093 crore. Management said silver contributed about 45% of first-half profitability, so the Hindustan Zinc share price now depends heavily on the silver price. Cash and investments stood at Rs 17,439 crore against borrowings of Rs 6,171 crore on 30 Sep 2026. Free cash flow before growth capex was Rs 6,389 crore, but one source gives this as the Q2 figure and another as the first-half figure, so check the filing. I found no dividend announcement in the sources I used, though the data feed shows a yield of 1.86%.
Valuation and Sensitivities for the Hindustan Zinc Share Price
| Measure | Value |
|---|---|
| Price to earnings | 13.32 against an industry figure of 11.56 |
| Trailing earnings per share | Rs 40.39 |
| Price to book | 10.04, with a book value of Rs 53.56 |
| Return on equity | 69.51% |
| Debt to equity | 0.22 |
If Q2 earnings per share of Rs 15.2 were repeated for four quarters, the annual figure would be about Rs 60.8, and Rs 537.65 would be about 8.8 times that (my calculation). That assumes metal prices hold, which is the main uncertainty, so it is an illustration and not a forecast.
| Driver | Estimated annual EBITDA effect |
|---|---|
| Zinc price change of $100 per tonne | Rs 725 crore to Rs 750 crore |
| Silver price change of $1 per ounce | Rs 200 crore to Rs 225 crore |
| Rupee move of Re 1 against the dollar | Rs 325 crore to Rs 350 crore |
| Zinc cost change of $25 per tonne | Rs 225 crore to Rs 250 crore |
These sensitivities come from a single secondary source that carries a warning that it can contain errors, so verify them against the investor presentation. The same source says earnings could normalise if metal prices retreat. Growth projects include the Debari refined zinc expansion of 250,000 tonnes a year, taking capacity from 1.1 million to 1.4 million tonnes, at an approved Rs 12,000 crore with completion targeted for Q2 FY29, and a zinc tailings plant of 10 million tonnes a year at Rs 3,823 crore, targeted for Q4 FY28.
Hindustan Zinc Share Price Levels: Target and Stop Loss
| Level | What it is |
|---|---|
| Rs 575.59 | 50-day average |
| Rs 559.85 | Day high and opening price on 21 Oct |
| Rs 557.95 | Intraday high on 12 Oct |
| Rs 536.65 | Day low on 21 Oct |
| Rs 531.00 | Close on 15 Oct |
| Rs 524.50 | Low on 15 Oct |
| Rs 453.50 | 52-week low |
None of the three reports I used carried a brokerage target or a stop-loss for the Hindustan Zinc share price, so I do not quote one. The levels above come from daily price data and are only reference points. For example, a close below Rs 524.50 would take the Hindustan Zinc share price under its mid-October low, and a move above Rs 559.85 would clear the gap-up high. A trader sets a stop-loss from a personal loss limit and not from a headline.
Vedanta Group Angle: Should You Buy the Parent Stock?
Hindustan Zinc is part of the Vedanta Group, and Vedanta traded at Rs 241.05, down 0.88%, at 11:15 AM IST while the Hindustan Zinc share price was flat. I did not verify Vedanta’s stake in Hindustan Zinc or the timing of Vedanta’s own results, so check both. Buying the parent adds exposure to other businesses and to group-level debt, which the zinc subsidiary does not carry in the same way.
Risk: Zinc and silver prices, the rupee and cost control drive the profit. A fall in metal prices would reduce earnings quickly, and the Hindustan Zinc share price is below its 50-day average with an RSI under 40, which signals weak momentum.
What to Watch Next for the Hindustan Zinc Share Price
- Silver and zinc prices on the London Metal Exchange and in India
- The rupee against the dollar
- Any dividend announcement and brokerage notes after the Q2 results
- Whether the Hindustan Zinc share price holds above Rs 524.50
- Vedanta’s own results and any group restructuring news
Conclusion
The Hindustan Zinc share price opened 4% higher on record Q2 results but gave the gain back within hours, and it still trades about 27% below its high. The earnings are strong, yet they lean on silver and zinc prices, so read the filing, watch the levels and match any decision to your own risk limit.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did the Hindustan Zinc share price jump today?
Ans. The Hindustan Zinc share price opened 3.98% higher at Rs 559.85 on 21 Oct 2026 after Q2 FY27 net profit rose 142% to Rs 6,412 crore. The gain faded, and the stock traded near Rs 538 by late morning.
What were Hindustan Zinc’s Q2 results for FY27?
Ans. Revenue rose 77% to Rs 15,093 crore, EBITDA doubled to a record Rs 9,285 crore with a 62% margin, and net profit rose 142% to Rs 6,412 crore. Zinc cost of production fell 29% to $703 per tonne.
What is the Hindustan Zinc share price now?
Ans. It traded at Rs 537.65 on NSE at 11:20 AM IST, down 0.14% from Rs 538.40. The 52-week range is Rs 453.50 to Rs 733.00, and the stock is below its 50-day average of Rs 575.59.
What is the target and stop loss for the Hindustan Zinc share price?
Ans. I did not find a brokerage target or stop-loss in the reports I used, so I do not give one. Reference levels from price data are Rs 559.85 above and Rs 524.50 below, and your stop should reflect your own loss limit.
What drove the profit behind the Hindustan Zinc share price?
Ans. Silver revenue rose 141% to Rs 4,111 crore, zinc revenue rose 54% to Rs 8,224 crore and zinc cost fell 29%. Management said silver contributed about 45% of first-half profitability.
Should I buy Vedanta Group stock after Hindustan Zinc results?
Ans. That depends on whether you want zinc and silver exposure alone or the wider group, including debt and other businesses. Vedanta fell 0.88% to Rs 241.05 at 11:15 AM IST, and I did not verify its own result date.
What are the main risks for the Hindustan Zinc share price?
Ans. Falling zinc or silver prices, a stronger rupee and rising costs can cut profit quickly. A source says earnings could normalise if metal prices retreat, and the stock’s RSI of 36.7 shows weak momentum.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.