1:1 Bonus, 1:5 Split, 39 Dividends: Hindustan Zinc Share Rally 3% As Silver Rates Jump: Buy This Vedanta Stock

Hindustan Zinc, the metals giant of Vedanta Ltd, surged more than 3% on Tuesday as silver rates climbed in India. HZL shares have witnessed a bearish tone so far in 2026 due to sharp correction in silver, which escalated in late January this year. Silver pulled away from about Rs 4.20 lakh mark to retain around the Rs 2.50 lakh tone at MCX. However, silver climbed on March 17 due to positive global cues. HZL is among the leading producers of silver in India.

Hindustan Zinc Share Price:

At the time of writing, HZL stock zoomed by nearly 2% to trade around Rs 543 apiece on BSE. Its market cap stood at Rs 2,29,265.81 crore. However, in the early hours of the trading session, HZL had gained by a whopping 2.6% to hit an intraday high of Rs 547.75 apiece.

YTD, the stock is down by over 11.3% on BSE. In the past 1 month, HZL stock plunged nearly 7% as silver rate fell sharply. In about 17 days of March, silver has corrected by 8% to 9%.

But on Tuesday, silver gained sharply.

Silver Rates In India:

MCX silver surged by nearly 2.5% to hit an intraday high of Rs 2,62,899 per 1Kg, from the previous day. Currently, silver has corrected but still trading on a positive note. The price is near Rs 2.58 lakh per 1Kg currently.

Meanwhile, physical silver price gained by Rs 5,000 to hit Rs 2.75 lakh per 1Kg mark.

As per Ponmudi R, CEO of Enrich Money, MCX Silver futures are trading above the Rs 2,58,000-Rs 2,62,000 range. Although the broader structure remains bullish, the recent correction has impacted short-term momentum. Key support is placed at Rs 2,47,000-Rs 2,50,000, and holding above this zone is crucial to maintain the bullish structure. A sustained move above Rs 2,65,000 could trigger an upside move toward Rs 2,75,000-Rs 2,80,000, while a breakdown below support may lead to increased selling pressure.

Earlier, a report of Geojit pointed out that HZL's silver revenue rose sharply 83% YoY in Q3FY26 to Rs 2,676 crore, driven by 74% increase in silver prices during that quarter to $54.7 per ounce.

Should You Buy Hindustan Zinc Stock?

As per Trendlyne, the consensus recommendation from 16 analysts for Hindustan Zinc is HOLD. The average target price is of Rs 644 apiece, hinting at over 18% potential upside ahead in HZL. Geojit has fixed Rs 688 target price which hints at nearly 27% potential upside.

Hindustan Zinc Corporate Action:

HZL has a history of steady dividend payouts, while the company has delivered one bonus and split.

Bonus Issue: The metal company has delivered only one bonus issue. In March 2011, HZL has paid 1:1 bonus shares. This meant 1 free share against 1 existing share.

Stock Split: Meanwhile, HZL has split only once. In March 2011, the company subdivided its shares in the ratio of 1:5, where the face value has split from Rs 10 each to Rs 2 each.

Dividends: Since August 2003, the company paid about 39 dividends, as per Trendlyne data. In the last 12 months, the company distributed up to Rs 10 dividend per share.