India's Hindustan Zinc extends gains on Q3 profit jump

Hindustan Zinc

20/01/2026 04:24

** Hindustan Zinc HZNC.NS rises as much as 2.1% to 674.30 rupees

** India's top refined zinc producer's Q3 profit jumps 46.2% y/y, driven by record-high silver prices, firmer zinc

** Stock closed 3.6% up after results on Monday

** Q3 mined and refined metal production up 4% y/y each - record high

** Citi says rising inventory, easing regional supply may not support zinc price rally

** Expects correction for silver post March-quarter on hopes of easing geopolitical risks

** Stock rated "hold" on avg; median PT is 560 rupees, per data compiled by LSEG

** YTD, HZNC up 10%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))