Hindustan Zinc's share price experienced a dip on Monday, 19 January 2026, after reaching an intraday high during the trading session. This movement followed the company's announcement of its October to December quarter results for the financial year 2025-26. The mining giant's shares closed lower despite hitting a peak of ₹667.35 each earlier in the day.
Strong Financial Performance in Q3
According to an NSE filing, Hindustan Zinc posted impressive numbers for the third quarter. The company's consolidated net profit soared by 46% to ₹3,916 crore, up from ₹2,678 crore in the same period last year. Total revenue from core operations also saw a significant increase, rising 27% to ₹10,980 crore compared to ₹8,614 crore year-on-year.
Income from Zinc, Lead, and Silver mining operations played a key role in driving this revenue growth. These segments contributed the most to the rise in core operational revenue during the quarter.
Expert Analysis on Business Resilience
Stock market experts point to Hindustan Zinc's third-quarter results as evidence of the company's strength and sustainability. With EBITDA growth at 34% year-on-year and increasing quarterly profits, the mining major benefits from structural cost advantages. These factors position it as one of the world's lowest-cost zinc producers.
Anshul Jain, Head of Research at Lakshmishree Investment, explained the reasons behind the reduced production costs. "The zinc cost of production has dropped to $940 per tonne," he said. "This achievement stems from successful efficiency initiatives, higher captive coal usage, improved by-product realisations, and operational excellence. These elements provide a margin buffer during commodity downcycles."
Future Prospects and Strategic Moves
Looking forward, ongoing debottlenecking efforts, brownfield expansions, and strategic diversification into silver and critical minerals are expected to benefit Hindustan Zinc. The company is well-positioned to capitalise on long-term structural demand driven by energy transition, electrification, and infrastructure growth.
Should Investors Consider Buying?
Anshul Jain provided insights into the stock's technical performance. He noted that Hindustan Zinc shares broke out of a 60-week rectangle above the ₹564 zone, confirming a strong market trend. "After this breakout, the stock has nearly achieved its measured target at ₹677.95," Jain stated. "However, the price is now stretched away from the 50-day EMA, indicating short-term extension rather than fresh momentum readiness."
This situation suggests that a phase of consolidation or time correction is necessary. Daily and weekly moving averages need to catch up and reset the risk-reward balance.
Jain emphasised that for momentum to reaccelerate, the stock must decisively breach and sustain above the ₹677.95 mark. "If that occurs, the next upside projection opens toward the ₹760 to ₹765 zone," he said. "Until then, sideways action should be treated as healthy digestion, not trend failure."
Share Price Trends and Market Data
Hindustan Zinc shares closed 3.53% higher at ₹660.25 on Monday, compared to the previous close of ₹637.75. Over the longer term, the stock has delivered substantial returns to investors. NSE data shows that shares have given more than 120% returns in the last five years and over 74% returns in the last three-year period.
In the last one-year period, the company's shares have risen by 44.52%. More recently, the stock has gained 12.14% in the last month and 5.09% in the last five sessions.
The 52-week high for Hindustan Zinc shares was ₹670.95 on 14 January 2026, while the 52-week low stood at ₹378.15 on 3 March 2025. As of the market close on 19 January 2026, the company's market capitalisation exceeded ₹2.78 trillion.
