Key Events This Week
9 Feb: Intraday high and gap up to Rs.628.80 on strong technical upgrade
10 Feb: Price correction to Rs.617.65 amid profit-taking
11 Feb: Recovery to Rs.629.05 supported by sector resilience
12 Feb: Mild decline to Rs.623.70 as Sensex dips
13 Feb: Significant gap down and intraday low at Rs.597.05 amid market concerns
9 February 2026: Strong Gap Up and Intraday High on Upgrade
Hindustan Zinc Ltd began the week with a robust performance, opening at Rs.628.80, a 3.26% gap up from the previous close. This surge was driven by MarketsMOJO’s upgrade of the stock’s Mojo Grade from Hold to Buy on 6 February, reflecting improved technical and financial fundamentals. The stock reached an intraday high of Rs.628.80, closing with a 3.33% gain, significantly outperforming the Sensex’s 1.04% rise and the non-ferrous metals sector’s 3% gain.
Technical indicators supported this momentum, with the stock trading above its 5-day, 50-day, 100-day, and 200-day moving averages, though it remained below the 20-day average, signalling short-term consolidation. The intraday volatility was elevated at 71.54%, reflecting active trading interest amid positive sentiment.
10 February 2026: Profit-Taking Leads to Price Correction
Following the strong start, the stock corrected to Rs.617.65, down 1.77% on the day, as investors booked profits after the prior day’s rally. Volume declined to 428,986 shares, indicating reduced trading activity. Despite the decline, Hindustan Zinc still outperformed the Sensex, which gained 0.25%, suggesting selective selling rather than broad market weakness.
11 February 2026: Recovery Amid Sector Resilience
The stock rebounded to Rs.629.05, a 1.85% gain, supported by continued strength in the non-ferrous metals sector and a Sensex rise of 0.13%. The recovery reinforced the stock’s technical resilience, maintaining its position above key moving averages. However, volume remained subdued at 395,502 shares, indicating cautious optimism among traders.
Our current monthly pick, this Mid Cap from Automobile Two & Three Wheelers, survived rigorous evaluation against dozens of contenders. See why experts are backing this one!
- - Rigorous evaluation cleared
- - Expert-backed selection
- - Mid Cap conviction pick
12 February 2026: Mild Decline Amid Market Weakness
Hindustan Zinc Ltd slipped 0.85% to close at Rs.623.70 as the Sensex declined 0.56%. The stock’s price fell below the 20-day moving average, signalling short-term weakness, though it remained above longer-term averages. The non-ferrous metals sector also faced pressure, contributing to the cautious trading environment. Volume further declined to 343,403 shares, reflecting subdued investor interest ahead of the week’s close.
13 February 2026: Significant Gap Down and Intraday Low Amid Market Concerns
The week ended on a challenging note as Hindustan Zinc Ltd opened with a sharp gap down of 4.27% to Rs.597.05, which also marked the intraday low. The stock closed at Rs.593.15, down 4.90% on the day and 2.59% for the week, underperforming the Sensex’s 1.40% decline. Elevated intraday volatility of 91.61% underscored the heightened uncertainty and active trading.
Despite the decline, the stock marginally outperformed the non-ferrous metals sector, which fell 3.39%, indicating some relative resilience. Technical indicators showed the stock trading below its 5-day, 20-day, and 50-day moving averages, signalling near-term weakness, though it remained supported by the 100-day and 200-day averages, suggesting longer-term support levels.
Hindustan Zinc Ltd caught your attention? Explore our comprehensive research report with in-depth analysis of this large-cap stock – fundamentals, valuations, financials, and technical outlook!
- - Comprehensive research report
- - In-depth large-cap analysis
- - Valuation assessment included
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.628.80 | +3.26% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.617.65 | -1.77% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.629.05 | +1.85% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.623.70 | -0.85% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.593.15 | -4.90% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Positive Signals: The upgrade to a Buy rating by MarketsMOJO on 6 February provided a strong catalyst for early-week gains, with the stock outperforming both the Sensex and its sector on 9 February. Technical indicators such as the stock’s position above longer-term moving averages and bullish MACD readings support a medium- to long-term positive outlook.
Cautionary Signals: The latter part of the week saw increasing volatility and price pressure, culminating in a significant gap down on 13 February amid broader market and sector weakness. The stock’s breach of short-term moving averages and consecutive daily losses highlight near-term challenges. Additionally, the high promoter share pledging noted in recent analysis remains a risk factor that could weigh on sentiment during volatile periods.
Relative Performance: Despite the weekly decline of 2.59%, Hindustan Zinc Ltd’s performance was weaker than the Sensex’s 0.54% fall, indicating underperformance in a broadly cautious market. However, the stock’s ability to marginally outperform its sector on the final trading day suggests some defensive qualities amid sectoral headwinds.
Conclusion
Hindustan Zinc Ltd’s week was characterised by a strong start driven by a technical upgrade and positive market sentiment, followed by a gradual erosion of gains amid profit-taking and sectoral pressures. The significant gap down and intraday low on 13 February underscore the challenges faced in sustaining momentum in a volatile environment. While the stock remains supported by longer-term technical indicators and a solid fundamental base, near-term price action suggests caution as it navigates a complex market backdrop. Investors should monitor the stock’s ability to hold key moving averages and respond to sector dynamics in the coming sessions.
Unlock special upgrade rates for a limited period. Start Saving Now →
