Intraday Trading Highlights
On 2 Feb 2026, Hindustan Zinc Ltd (Stock ID: 855995) recorded a significant intraday rally, reaching Rs 591.15, which represents a 3.9% gain on the day. The stock’s day change stood at 3.79%, outperforming the Non - Ferrous Metals sector by 0.3%. This performance also eclipsed the Sensex’s modest gain of 0.16% on the same day, underscoring the stock’s relative strength within the market.
The stock’s upward movement marked a trend reversal following two consecutive days of decline, signalling renewed buying interest and a positive shift in trading dynamics. Despite the strong intraday gains, Hindustan Zinc Ltd’s price remains below its 5-day and 20-day moving averages, though it continues to trade above its 50-day, 100-day, and 200-day moving averages, indicating a mixed but generally positive technical setup.
Market Context and Sector Comparison
The broader market environment on 2 Feb 2026 saw the Sensex recover from an initial negative opening of -167.26 points to close higher by 254.72 points, ending at 80,810.40, a 0.11% gain. Mega-cap stocks led this recovery, with the Sensex’s 50-day moving average trading above its 200-day moving average, suggesting a cautiously optimistic market trend.
Within this context, Hindustan Zinc Ltd’s outperformance is notable. While the Sensex and sector indices showed modest gains, the stock’s 3.78% rise on the day highlights its stronger intraday momentum relative to peers. This performance is particularly significant given the stock’s recent weekly and monthly trends, which have seen declines of 15.51% and 6.07% respectively, compared to the Sensex’s smaller declines of 0.84% and 5.72% over the same periods.
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Longer-Term Performance Metrics
Despite the recent volatility, Hindustan Zinc Ltd has demonstrated strong long-term performance relative to the Sensex. Over the past three months, the stock has gained 23.98%, contrasting with the Sensex’s decline of 3.67%. Its one-year return stands at 32.45%, significantly outperforming the Sensex’s 4.32% gain. Over a five-year horizon, the stock has more than doubled, delivering a 102.04% return compared to the Sensex’s 62.37%, while its ten-year performance is even more pronounced at 279.22% versus the Sensex’s 229.49%.
Year-to-date, Hindustan Zinc Ltd has recorded a decline of 3.57%, slightly better than the Sensex’s 5.12% fall, indicating relative resilience in the current calendar year.
Mojo Score and Rating Update
Hindustan Zinc Ltd currently holds a Mojo Score of 64.0, categorised under the 'Hold' grade as of 1 Feb 2026, following a downgrade from a previous 'Buy' rating. The Market Cap Grade remains at 1, reflecting its large-cap status within the Non - Ferrous Metals sector. This rating adjustment reflects a reassessment of the stock’s momentum and valuation metrics amid recent price movements.
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Technical Indicators and Moving Averages
From a technical perspective, Hindustan Zinc Ltd’s current price level is above its 50-day, 100-day, and 200-day moving averages, which often serve as key support levels for investors. However, the stock remains below its shorter-term 5-day and 20-day moving averages, suggesting some near-term resistance. This mixed technical picture indicates that while the stock has underlying strength, short-term momentum may be tempered by recent price consolidation.
The intraday high of Rs 591.15 represents a critical level that traders will watch closely in subsequent sessions to assess whether the stock can sustain this upward momentum or if it will encounter selling pressure near this peak.
Summary of Trading Action
Hindustan Zinc Ltd’s strong intraday performance on 2 Feb 2026 reflects a notable shift in market sentiment after a brief period of decline. The stock’s 3.9% surge to Rs 591.15 outperformed both its sector and the broader market, supported by a recovery in the Sensex and leadership from mega-cap stocks. While the stock’s rating was recently downgraded to 'Hold', its long-term performance and technical positioning continue to attract attention within the Non - Ferrous Metals sector.
Investors and market participants will likely monitor the stock’s ability to maintain gains above key moving averages and its reaction to the intraday high as indicators of near-term direction.
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