Intraday Trading Highlights
On 3 Feb 2026, Hindustan Zinc Ltd opened with a notable gap up of 3.9%, signalling immediate bullish sentiment among traders. The stock continued to gain traction throughout the session, reaching its peak at Rs 639.4, a 4.9% rise from the prior day’s close. By the end of the trading day, the stock recorded a gain of 3.85%, outperforming the Non-Ferrous Metals sector, which itself advanced by 3.35%.
The stock’s performance was also superior to the Sensex, which closed with a 2.68% gain despite losing momentum after a strong gap up opening. Hindustan Zinc Ltd’s 3.85% rise contrasted with the Sensex’s intraday fall of 1,465.01 points from its peak, underscoring the stock’s relative strength in a volatile market environment.
Technical Positioning and Moving Averages
From a technical standpoint, Hindustan Zinc Ltd’s price remains above its 50-day, 100-day, and 200-day moving averages, indicating sustained medium- to long-term strength. However, the stock is trading below its 5-day and 20-day moving averages, suggesting some short-term consolidation or profit booking after recent gains. This mixed technical picture reflects a stock that has been steadily appreciating but is currently experiencing a pause in momentum at the very short-term level.
Notably, the stock has recorded consecutive gains over the last two trading sessions, accumulating an 11.26% return during this period. This recent rally has contributed to the stock’s strong relative performance over multiple time frames compared to the Sensex benchmark.
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Comparative Performance Across Time Frames
Examining Hindustan Zinc Ltd’s performance relative to the Sensex over various periods reveals a pattern of strong outperformance. Over the past one year, the stock has surged 46.25%, significantly outpacing the Sensex’s 8.64% gain. Over three years, the stock’s return of 82.85% dwarfs the Sensex’s 37.83%, while over five and ten years, the stock has delivered 119.17% and 308.62% returns respectively, compared to the Sensex’s 66.86% and 246.19%.
Year-to-date, Hindustan Zinc Ltd has gained 3.37%, outperforming the Sensex which is down 1.60%. However, the stock’s one-week performance shows a decline of 12.89%, contrasting with the Sensex’s 2.44% rise, indicating some recent short-term volatility. The one-month return of 0.69% also surpasses the Sensex’s negative 2.22% return, while the three-month gain of 31.70% is markedly higher than the Sensex’s near flat performance of -0.14%.
Sector and Market Context
The Non-Ferrous Metals sector, in which Hindustan Zinc Ltd operates, recorded a solid gain of 3.35% on the day, supported by positive trading momentum across key stocks. Despite the broader market’s mixed session, with the Sensex retreating from its intraday high, mega-cap stocks led the market’s advance, contributing to the overall positive sentiment in heavyweight sectors.
Hindustan Zinc Ltd’s market capitalisation grade remains at 1, reflecting its status as a large-cap stock within the sector. The company’s Mojo Score currently stands at 64.0, with a Mojo Grade of Hold, following a downgrade from Buy on 1 Feb 2026. This adjustment reflects a reassessment of the stock’s near-term outlook while maintaining a neutral stance on its overall quality and momentum.
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Summary of Trading Action
Hindustan Zinc Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a gap up opening, sustained buying interest, and a peak price that outpaced both its sector and the broader market indices. The stock’s ability to maintain gains above key moving averages over the medium and long term underscores its resilience amid fluctuating market conditions.
While the stock’s short-term moving averages suggest some consolidation, the overall trend remains positive, supported by a series of consecutive gains and significant outperformance over multiple time horizons. This trading session’s activity highlights the stock’s capacity to attract robust demand even as the Sensex experienced volatility and profit-taking.
Investors and market participants will note the stock’s relative strength in a sector that itself showed solid gains, reinforcing Hindustan Zinc Ltd’s position as a key player within the Non-Ferrous Metals industry.
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