{"id":242312,"date":"2026-09-11T08:58:44","date_gmt":"2026-09-11T03:28:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=242312"},"modified":"2026-09-11T08:58:44","modified_gmt":"2026-09-11T03:28:44","slug":"zinc-and-silver-stock-rises-97-percent-in-3-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/","title":{"rendered":"This Zinc and Silver Stock Rises 97% in 3 Years: Record Silver Prices Power Profits"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP Rs 593.60 (10 Sep 2026 close). 3-year return 97.20%. 52W range Rs 430.75 to Rs 733. Market cap approx Rs 2.51 lakh Cr. Q1 FY27 PAT Rs 5,469 Cr, up 145%.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Hindustan Zinc, India&#8217;s largest integrated zinc producer and a major silver miner, is the zinc and silver stock behind a return of approximately 97% in three years. The share rose from about Rs 301 on record silver prices, lower costs and record profits, including Rs 5,469 crore in Q1 FY27. The PE is around 15, but earnings depend heavily on metal prices.<\/p>\n<\/div>\n<p>This zinc and silver stock has turned Rs 1 lakh into roughly Rs 1.97 lakh in three years. A 3-year return of 97.20% placed it 45th in a screen of 101 large-cap and mid-cap NSE shares, as of 10 September 2026.<\/p>\n<p>The company is <a href='https:\/\/univest.in\/stocks\/hindzinc\/hindustan-zinc-ltd-share-price-today'>Hindustan Zinc Ltd<\/a> (NSE: HINDZINC), India&#8217;s largest integrated zinc producer and one of the biggest silver producers in the world, controlled by Vedanta. The Hindustan Zinc share price closed at Rs 593.60 on 10 September 2026, down 1.95% from the previous close of Rs 605.40, giving the company a market value of approximately Rs 2.51 lakh crore.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#How_Much_Has_This_Zinc_and_Silver_Stock_Returned\" title=\"How Much Has This Zinc and Silver Stock Returned?\">How Much Has This Zinc and Silver Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Why_Did_This_Zinc_and_Silver_Stock_Rise_97_in_3_Years\" title=\"Why Did This Zinc and Silver Stock Rise 97% in 3 Years?\">Why Did This Zinc and Silver Stock Rise 97% in 3 Years?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#1_Record_Silver_Prices_Boosted_Profits\" title=\"1. Record Silver Prices Boosted Profits\">1. Record Silver Prices Boosted Profits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#2_Zinc_Prices_and_the_Lowest_Costs_in_Years\" title=\"2. Zinc Prices and the Lowest Costs in Years\">2. Zinc Prices and the Lowest Costs in Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#3_Record_Production_Year_After_Year\" title=\"3. Record Production Year After Year\">3. Record Production Year After Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#4_Expansion_Plans_and_Rich_Dividends\" title=\"4. Expansion Plans and Rich Dividends\">4. Expansion Plans and Rich Dividends<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Hindustan_Zinc_Financials_Record_Profit_in_Q1_FY27\" title=\"Hindustan Zinc Financials: Record Profit in Q1 FY27\">Hindustan Zinc Financials: Record Profit in Q1 FY27<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Shareholding_Pattern_Who_Owns_This_Zinc_and_Silver_Stock\" title=\"Shareholding Pattern: Who Owns This Zinc and Silver Stock?\">Shareholding Pattern: Who Owns This Zinc and Silver Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Is_This_Zinc_and_Silver_Stock_Still_Worth_Watching_After_a_97_Rise\" title=\"Is This Zinc and Silver Stock Still Worth Watching After a 97% Rise?\">Is This Zinc and Silver Stock Still Worth Watching After a 97% Rise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Key_Risks_for_This_Zinc_and_Silver_Stock\" title=\"Key Risks for This Zinc and Silver Stock\">Key Risks for This Zinc and Silver Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Hindustan_Zinc_Share_Analyst_View\" title=\"Hindustan Zinc Share: Analyst View\">Hindustan Zinc Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Hindustan_Zinc_Share_Price_Target\" title=\"Hindustan Zinc Share Price Target\">Hindustan Zinc Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Which_zinc_and_silver_stock_rose_97_in_3_years\" title=\"Which zinc and silver stock rose 97% in 3 years?\">Which zinc and silver stock rose 97% in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Why_did_the_Hindustan_Zinc_share_price_rise\" title=\"Why did the Hindustan Zinc share price rise?\">Why did the Hindustan Zinc share price rise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#What_were_Hindustan_Zinc_Q1_FY27_results\" title=\"What were Hindustan Zinc Q1 FY27 results?\">What were Hindustan Zinc Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#What_is_the_Hindustan_Zinc_share_price_today\" title=\"What is the Hindustan Zinc share price today?\">What is the Hindustan Zinc share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#What_is_the_Hindustan_Zinc_share_price_target\" title=\"What is the Hindustan Zinc share price target?\">What is the Hindustan Zinc share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Who_owns_Hindustan_Zinc\" title=\"Who owns Hindustan Zinc?\">Who owns Hindustan Zinc?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Has_Hindustan_Zinc_done_a_stock_split_or_bonus_recently\" title=\"Has Hindustan Zinc done a stock split or bonus recently?\">Has Hindustan Zinc done a stock split or bonus recently?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/zinc-and-silver-stock-rises-97-percent-in-3-years\/#Is_it_too_late_to_buy_this_zinc_and_silver_stock\" title=\"Is it too late to buy this zinc and silver stock?\">Is it too late to buy this zinc and silver stock?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Zinc_and_Silver_Stock_Returned\"><\/span><strong>How Much Has This Zinc and Silver Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The short answer is 97.20% over three years, the 45th best result out of 101 stocks in our screen. Three years ago this zinc and silver stock traded at approximately Rs 301. Today it sits near Rs 594, although it has cooled from its January 2026 peak.<\/p>\n<p>The five-year return is 95.39%, ranked 57th, which shows that most of the gain came in the last three years. The one-year return of 25.47% ranks 53rd, the 6-month return is 17.05% and the 1-month return is 3.17%. For a large, mature zinc and silver stock, these are steady rather than explosive numbers. The 3-year rank is its best across all periods, which tells you this zinc and silver stock is a multi-year compounder rather than a short-term momentum name.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>3.17%<\/td>\n<td>57<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>17.05%<\/td>\n<td>67<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>25.47%<\/td>\n<td>53<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>97.20%<\/td>\n<td>45<\/td>\n<\/tr>\n<tr>\n<td>5 Years<\/td>\n<td>95.39%<\/td>\n<td>57<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Returns are simple price changes and are not annualised. There was no stock split or bonus issue in the three-year window, so the gain is genuine price appreciation. The figures also exclude the large dividends this zinc and silver stock pays every year, which means total shareholder returns were higher.<\/p>\n<p>The 52-week range is Rs 430.75 to Rs 733. The Hindustan Zinc share price is about 19% below that high, and it is still under the all-time high of around Rs 807 reached in May 2024.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Zinc_and_Silver_Stock_Rise_97_in_3_Years\"><\/span><strong>Why Did This Zinc and Silver Stock Rise 97% in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This zinc and silver stock nearly doubled because metal prices, especially silver, rose sharply while the company kept lifting output and cutting costs. The rally of this zinc and silver stock came in two waves. The first wave in 2024 was driven by firmer metal prices and a strong domestic demand outlook, and the second wave from late 2025 was powered by record silver prices and record profits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Record_Silver_Prices_Boosted_Profits\"><\/span><strong>1. Record Silver Prices Boosted Profits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Silver is the hidden engine of this zinc and silver stock. The metal hit record highs in late 2025 and January 2026, touching around USD 89.60 per ounce at its peak. Silver contributed about 45% of the company&#8217;s profitability in FY26, and around 44% in the December 2025 quarter.<\/p>\n<p>That matters because silver is a by-product for the company. The cost of mining it is largely absorbed by zinc and lead operations, so higher silver prices flow almost straight to profit. Few listed companies in India offer this kind of direct silver exposure, which is why traders often treat this zinc and silver stock as a proxy for the metal. The zinc and silver stock rose about 25% in the first three weeks of December 2025 alone as silver rallied, and it touched its 52-week high of Rs 733 in late January 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Zinc_Prices_and_the_Lowest_Costs_in_Years\"><\/span><strong>2. Zinc Prices and the Lowest Costs in Years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Zinc prices also stayed firm on tight mine supply. At the same time, the zinc cost of production fell to USD 959 per tonne in FY26 from USD 1,052 in FY25. In the June 2026 quarter it dropped further to USD 851 per tonne, the lowest quarterly figure the company has reported. Lower costs with firm prices is the ideal mix for a zinc and silver stock.<\/p>\n<p>For a zinc and silver stock, the gap between metal prices and cost of production decides margins. EBITDA margin rose from around 50% in the June 2025 quarter to 59% in the June 2026 quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Record_Production_Year_After_Year\"><\/span><strong>3. Record Production Year After Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Mined metal production reached 1,114 kilotonnes in FY26, and Q1 FY27 delivered 268 kilotonnes, the highest-ever first quarter for the fifth year running. Management guided for mined metal of 1,150 kilotonnes and silver of 680 tonnes in FY27, both above FY26 levels. Higher volumes give this zinc and silver stock a second earnings lever beyond metal prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Expansion_Plans_and_Rich_Dividends\"><\/span><strong>4. Expansion Plans and Rich Dividends<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The company is building a 250 ktpa refined zinc expansion, targeted for completion by the second quarter of FY29, along with a 10 mtpa tailings reprocessing plant and a fertiliser plant. Ore reserves of 468.6 million tonnes support a mine life of over 25 years. Regular dividends, including Rs 11 per share declared with the Q4 FY26 results, have also kept long-term investors interested in this zinc and silver stock.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Financials_Record_Profit_in_Q1_FY27\"><\/span><strong>Hindustan Zinc Financials: Record Profit in Q1 FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The latest quarter was the strongest in the company&#8217;s history. In Q1 FY27, revenue from operations rose 77% year on year to Rs 13,747 crore, EBITDA doubled to Rs 8,074 crore and net profit jumped 145% to Rs 5,469 crore. The company cited higher metal prices, higher volumes, better by-product realisation and a stronger dollar. That quarter set a new earnings base for the zinc and silver stock.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>EBITDA Margin<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Q1 FY26<\/td>\n<td>7,771<\/td>\n<td>3,860<\/td>\n<td>50%<\/td>\n<td>2,234<\/td>\n<\/tr>\n<tr>\n<td>Q2 FY26<\/td>\n<td>8,550 (approx.)<\/td>\n<td>4,470 (approx.)<\/td>\n<td>52%<\/td>\n<td>2,649<\/td>\n<\/tr>\n<tr>\n<td>Q3 FY26<\/td>\n<td>10,627<\/td>\n<td>6,087<\/td>\n<td>55%<\/td>\n<td>3,916<\/td>\n<\/tr>\n<tr>\n<td>Q4 FY26<\/td>\n<td>13,544<\/td>\n<td>7,747<\/td>\n<td>57%<\/td>\n<td>5,033<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY27<\/td>\n<td>13,747<\/td>\n<td>8,074<\/td>\n<td>59%<\/td>\n<td>5,469<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The trend for this zinc and silver stock is clear. Quarterly profit has risen for four straight quarters and has more than doubled in a year. For full-year FY26, revenue grew 20% to Rs 40,844 crore, EBITDA rose 27% to Rs 22,162 crore and net profit climbed 34% to a record Rs 13,832 crore, compared with Rs 10,353 crore in FY25.<\/p>\n<p>The balance sheet remains comfortable. At the end of FY26, cash and investments stood at Rs 13,846 crore against borrowings of Rs 8,252 crore, so the company is in a net cash position. On trailing earnings, this zinc and silver stock trades at a PE of around 15, which is modest for a business with margins near 59%. A net cash zinc and silver stock with this level of profitability is rare among Indian metal companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_Who_Owns_This_Zinc_and_Silver_Stock\"><\/span><strong>Shareholding Pattern: Who Owns This Zinc and Silver Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vedanta is the promoter, and the Government of India is the largest minority shareholder. Promoter holding fell to 60.71% in the March 2026 quarter after Vedanta sold shares through an offer for sale in January 2026. Foreign and mutual fund holdings in this zinc and silver stock have edged up over the past year, while insurance companies have trimmed their stake from 4.03% to 3.21%.<\/p>\n<table>\n<thead>\n<tr>\n<th>Shareholder<\/th>\n<th>Jun 2025<\/th>\n<th>Sep 2025<\/th>\n<th>Dec 2025<\/th>\n<th>Mar 2026<\/th>\n<th>Jun 2026<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Promoter (Vedanta)<\/td>\n<td>61.80%<\/td>\n<td>61.80%<\/td>\n<td>61.80%<\/td>\n<td>60.71%<\/td>\n<td>60.71%<\/td>\n<\/tr>\n<tr>\n<td>Government of India<\/td>\n<td>27.92%<\/td>\n<td>27.92%<\/td>\n<td>27.92%<\/td>\n<td>27.92%<\/td>\n<td>27.92%<\/td>\n<\/tr>\n<tr>\n<td>FIIs<\/td>\n<td>1.40%<\/td>\n<td>1.30%<\/td>\n<td>1.50%<\/td>\n<td>2.40%<\/td>\n<td>2.20%<\/td>\n<\/tr>\n<tr>\n<td>Mutual Funds<\/td>\n<td>0.75%<\/td>\n<td>0.98%<\/td>\n<td>1.07%<\/td>\n<td>1.27%<\/td>\n<td>1.41%<\/td>\n<\/tr>\n<tr>\n<td>Insurance Companies<\/td>\n<td>4.03%<\/td>\n<td>3.92%<\/td>\n<td>3.59%<\/td>\n<td>3.46%<\/td>\n<td>3.21%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The free float is small because the promoter and the government together own almost 89%. That is why stake sales move the Hindustan Zinc share price sharply. It fell about 8% when the government announced an offer for sale in November 2024, and it also slipped when Vedanta sold shares in August 2024. A small free float can make a zinc and silver stock swing sharply on block deals.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_This_Zinc_and_Silver_Stock_Still_Worth_Watching_After_a_97_Rise\"><\/span><strong>Is This Zinc and Silver Stock Still Worth Watching After a 97% Rise?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, it remains a stock worth watching, but mainly as a play on metal prices rather than a fresh growth story. Earnings of this zinc and silver stock have caught up with the share price, so the PE of around 15 is well below the levels seen during the 2024 peak. The catch is that those earnings depend heavily on zinc and silver prices staying high.<\/p>\n<p>Recent performance also shows this. The 6-month return of 17.05% came with sharp swings, and the stock has moved between about Rs 430 and Rs 733 in the past year. A zinc and silver stock like this tends to follow the metal cycle closely, so investors should expect volatility in both directions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_This_Zinc_and_Silver_Stock\"><\/span><strong>Key Risks for This Zinc and Silver Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Metal price risk:<\/strong> Profits of this zinc and silver stock are closely tied to global zinc and silver prices. A fall in silver from record levels would hit earnings quickly, since silver drove about 45% of FY26 profitability.<\/p>\n<p><strong>Stake sale overhang:<\/strong> The government holds 27.92% and has discussed selling up to 2%. In August 2026 officials said there were no immediate plans, but a future sale could pressure this zinc and silver stock again, as it did in June 2026 when the report alone pushed it down nearly 5%. Vedanta has also sold shares several times in the window, and every sale adds supply of this zinc and silver stock to the market.<\/p>\n<p><strong>Parent company risk:<\/strong> Vedanta has encumbered a large part of its holding to raise funds, and enforcement agency searches linked to the parent in June 2026 hit sentiment. Any stress at the parent level, including pressure for higher dividends to service Vedanta&#8217;s debt, can weigh on this zinc and silver stock.<\/p>\n<p><strong>Capacity limits and currency:<\/strong> Volume growth for this zinc and silver stock is modest until the new smelter capacity arrives in FY29. A stronger rupee against the dollar would also reduce realisations.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Hindustan Zinc share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Share_Analyst_View\"><\/span><strong>Hindustan Zinc Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brokerages are mostly positive after the record June quarter, though views differ on valuation. Most see strong cash generation and low costs as reasons to stay invested in this zinc and silver stock, while some believe the good news is already in the price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Share_Price_Target\"><\/span><strong>Hindustan Zinc Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In August 2026, a foreign brokerage raised its Hindustan Zinc share price target to Rs 750 from Rs 660, keeping a buy rating and lifting its FY27 to FY29 earnings estimates by 10% to 11% on firmer zinc and silver prices. Another foreign brokerage has the highest target at Rs 770, while domestic brokerages have targets in the Rs 669 to Rs 725 range.<\/p>\n<p>Not everyone is bullish. A domestic brokerage has a neutral rating with a target of Rs 570, saying current valuations price in the positives, and a foreign brokerage has a sell rating with a Rs 480 Hindustan Zinc share price target. The average Hindustan Zinc share price target across brokerages is around Rs 637, roughly 7% above the 10 September close.<\/p>\n<p>Brokerage targets are estimates and can change quickly with metal prices, so they should be treated as one input among many. For a zinc and silver stock, a 10% move in silver can shift earnings estimates far more than any company-specific news.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This zinc and silver stock has nearly doubled in three years on the back of record silver prices, lower costs and steady production growth. Profits have more than doubled in a year, the company is net cash, and the valuation at a PE of around 15 is reasonable for its margins.<\/p>\n<p>The risks are real, though. The path ahead for the stock depends on metal prices, stake sales by the government or Vedanta, and the health of the parent. Investors who like this zinc and silver stock may prefer staggered buying and should watch silver prices and quarterly cost trends closely.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_zinc_and_silver_stock_rose_97_in_3_years\"><\/span><strong>Which zinc and silver stock rose 97% in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Zinc (NSE: HINDZINC) is the zinc and silver stock that gained approximately 97.20% over three years as of 10 September 2026. It ranked 45th among 101 large-cap and mid-cap NSE stocks in our screen.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Hindustan_Zinc_share_price_rise\"><\/span><strong>Why did the Hindustan Zinc share price rise?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The rise was driven by record silver prices, firm zinc prices, a record FY26 profit of Rs 13,832 crore and the lowest zinc cost of production in years. Silver contributed about 45% of FY26 profitability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Hindustan_Zinc_Q1_FY27_results\"><\/span><strong>What were Hindustan Zinc Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations rose 77% to Rs 13,747 crore and EBITDA doubled to Rs 8,074 crore with a 59% margin. Net profit jumped 145% to Rs 5,469 crore, a record for any quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Hindustan_Zinc_share_price_today\"><\/span><strong>What is the Hindustan Zinc share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Hindustan Zinc share price closed at Rs 593.60 on 10 September 2026. The 52-week high is Rs 733 and the 52-week low is Rs 430.75.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Hindustan_Zinc_share_price_target\"><\/span><strong>What is the Hindustan Zinc share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerage targets range from Rs 480 to Rs 770, with a foreign brokerage raising its target to Rs 750 in August 2026. The average target is around Rs 637, but targets are estimates and not guaranteed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Hindustan_Zinc\"><\/span><strong>Who owns Hindustan Zinc?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vedanta is the promoter with 60.71% as of June 2026, and the Government of India holds 27.92%. FIIs hold 2.20%, mutual funds 1.41% and insurance companies 3.21%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Has_Hindustan_Zinc_done_a_stock_split_or_bonus_recently\"><\/span><strong>Has Hindustan Zinc done a stock split or bonus recently?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No, there was no split or bonus in the three-year window, so the 97% gain is genuine price appreciation. Dividends are not included in that figure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_it_too_late_to_buy_this_zinc_and_silver_stock\"><\/span><strong>Is it too late to buy this zinc and silver stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE of around 15 is not stretched, but earnings depend on metal prices staying high, so volatility is likely. Staggered buying and advice from a SEBI-registered advisor are sensible.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which zinc and silver stock rose 97% in 3 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Zinc (NSE: HINDZINC) is the zinc and silver stock that gained approximately 97.20% over three years as of 10 September 2026. It ranked 45th among 101 large-cap and mid-cap NSE stocks in our screen.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Hindustan Zinc share price rise?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The rise was driven by record silver prices, firm zinc prices, a record FY26 profit of Rs 13,832 crore and the lowest zinc cost of production in years. Silver contributed about 45% of FY26 profitability.\"}},{\"@type\":\"Question\",\"name\":\"What were Hindustan Zinc Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue from operations rose 77% to Rs 13,747 crore and EBITDA doubled to Rs 8,074 crore with a 59% margin. Net profit jumped 145% to Rs 5,469 crore, a record for any quarter.\"}},{\"@type\":\"Question\",\"name\":\"What is the Hindustan Zinc share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Hindustan Zinc share price closed at Rs 593.60 on 10 September 2026. The 52-week high is Rs 733 and the 52-week low is Rs 430.75.\"}},{\"@type\":\"Question\",\"name\":\"What is the Hindustan Zinc share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerage targets range from Rs 480 to Rs 770, with a foreign brokerage raising its target to Rs 750 in August 2026. The average target is around Rs 637, but targets are estimates and not guaranteed.\"}},{\"@type\":\"Question\",\"name\":\"Who owns Hindustan Zinc?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Vedanta is the promoter with 60.71% as of June 2026, and the Government of India holds 27.92%. FIIs hold 2.20%, mutual funds 1.41% and insurance companies 3.21%.\"}},{\"@type\":\"Question\",\"name\":\"Has Hindustan Zinc done a stock split or bonus recently?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No, there was no split or bonus in the three-year window, so the 97% gain is genuine price appreciation. Dividends are not included in that figure.\"}},{\"@type\":\"Question\",\"name\":\"Is it too late to buy this zinc and silver stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE of around 15 is not stretched, but earnings depend on metal prices staying high, so volatility is likely. Staggered buying and advice from a SEBI-registered advisor are sensible.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One integrated zinc miner with a large silver business has nearly doubled investor money in three years. Here is what powered the 97% rally and the risks to weigh.<\/p>\n","protected":false},"author":29,"featured_media":242311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-242312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["242311"],"rank_math_title":["Zinc and Silver Stock Up 97% in 3 Years: What Drove the Rally"],"rank_math_description":["This zinc and silver stock rose approximately 97% in 3 years on record silver prices, lower costs and record profits. See financials, targets, shareholding and risks."],"rank_math_focus_keyword":["zinc and silver stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/zinc-and-silver-stock-rises-97-percent-in-3-years.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=242312"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242312\/revisions"}],"predecessor-version":[{"id":242313,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242312\/revisions\/242313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/242311"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=242312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=242312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=242312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}