Hindustan Zinc shares are trading lower today

Hindustan Zinc shares are trading lower today (31 August 2026), slipping to an intraday low of ₹592.05, down nearly 4.8% amid sector-wide weakness in non-ferrous metals. This comes after last week’s sharp rally when Jefferies raised its target price to ₹750, citing strong zinc and silver prices. 📊 Hindustan Zinc Stock Update (31 Aug 2026) Current Price Range: ₹592.05 – ₹603.80 Latest Close: ₹594.60 (down 4.36% from previous close) Intraday Low: ₹592.05 (-4.77%) 52-Week Range: ₹418.00 – ₹732.60 Market Sentiment: Weakness in non-ferrous metals sector (-3.73%) dragging the stock down. 🔑 Key Drivers Behind Today’s Movement Sector Pressure: Non-ferrous metals are under selling pressure, contributing to Hindustan Zinc’s decline. Volatility: Intraday volatility at 44.35%, showing unsettled trading conditions. Broader Market: Sensex also weak, down 0.4% at 76,952.98, adding to bearish sentiment. 📈 Recent Positive Developments Jefferies Upgrade (26 Aug 2026): Raised target price to ₹750 (26% upside potential) and maintained a Buy rating. Commodity Tailwinds: Zinc prices up 15% above June-quarter average; silver prices surged 23% from July lows. Global Zinc Deficit: International Lead and Zinc Study Group revised 2026 forecast from surplus to deficit, supporting stronger prices.