Hindustan Zinc Ltd Hits Intraday Low Amid Price Pressure on 28 Jan 2026

Intraday Price Movement and Market Context

On the trading day, Hindustan Zinc Ltd, a key player in the Non - Ferrous Metals sector, saw its share price fall to an intraday low of Rs 705, marking a 2.97% decrease from the previous close. This decline came despite the stock hitting a new 52-week high of Rs 732.6 earlier in the session. The day’s overall price change registered a negative 3.31%, indicating sustained downward pressure as the session progressed.

The stock’s performance contrasted sharply with the broader market trends. The Sensex opened flat with a marginal gain of 34.88 points but surged later to close at 82,337.17, up 444.81 points or 0.59%. This rise was driven primarily by mega-cap stocks, which led the market higher. However, Hindustan Zinc underperformed both the Sensex and its sector, lagging by 4.23% relative to the Non - Ferrous Metals sector’s gains.

Trend Reversal and Moving Averages

After two consecutive days of gains, the stock reversed course, signalling a shift in intraday sentiment. Despite this setback, Hindustan Zinc continues to trade above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests that while short-term pressures are evident, the longer-term technical indicators remain supportive.

The stock’s Mojo Score stands at 71.0, with a current Mojo Grade of Buy, upgraded from Hold on 9 Oct 2025. This upgrade reflects an improved outlook based on MarketsMOJO’s comprehensive analysis, although today’s price action indicates some immediate resistance at higher levels.

Comparative Performance Analysis

Examining Hindustan Zinc’s recent performance relative to the Sensex reveals a mixed picture. Over the past day, the stock declined by 3.19%, while the Sensex gained 0.60%. However, over longer periods, Hindustan Zinc has outperformed the benchmark significantly. Its one-week gain stands at 0.91% versus the Sensex’s 0.53%, and over one month, the stock surged 10.47% compared to the Sensex’s decline of 3.17%.

More impressively, the three-month performance shows a 49.23% increase for Hindustan Zinc against a 2.70% fall in the Sensex. The one-year return is 62.30%, substantially higher than the Sensex’s 8.49%. Year-to-date, the stock has gained 14.88%, while the Sensex has dropped 3.37%. Over three, five, and ten years, Hindustan Zinc’s returns of 102.53%, 166.24%, and 326.82% respectively, have outpaced the Sensex’s 38.79%, 75.67%, and 236.52% gains.

Sector and Market Sentiment

The Non - Ferrous Metals sector, to which Hindustan Zinc belongs, has generally shown resilience, supported by commodity demand and pricing dynamics. However, the stock’s underperformance today suggests some profit-taking or cautious positioning by traders after recent gains. The broader market’s positive trajectory, led by mega-cap stocks, did not translate into strength for Hindustan Zinc, indicating sector-specific or stock-specific pressures.

Sensex’s current level at 82,337.17 remains 4.64% below its 52-week high of 86,159.02, with the index trading below its 50-day moving average, although the 50DMA remains above the 200DMA. This technical setup points to a cautiously optimistic market environment, where selective stock movements are expected.

Immediate Pressures and Intraday Dynamics

The intraday decline to Rs 705, despite earlier highs, suggests that traders encountered resistance near the 52-week peak of Rs 732.6. The 3.31% day change and underperformance relative to the sector by 4.23% highlight a shift in sentiment during the session. This may reflect profit-booking or a reassessment of valuations after recent strong gains.

Hindustan Zinc’s market capitalisation grade remains at 1, indicating a large-cap status with significant liquidity and investor interest. The Mojo Grade upgrade to Buy earlier in October 2025 reflects positive underlying fundamentals and trend strength, but today’s price action underscores the volatility inherent in commodity-linked stocks.

Overall, the stock’s trading above all major moving averages suggests that the decline is a short-term correction rather than a reversal of the longer-term uptrend. Market participants appear to be digesting recent gains amid a broader market environment that favours mega-cap stocks and selective sector plays.

Summary of Key Metrics

To summarise, Hindustan Zinc Ltd’s key intraday and performance metrics as of 28 Jan 2026 are:

• Intraday low: Rs 705 (-2.97%)


• New 52-week high: Rs 732.6 (hit today)


• Day change: -3.31%


• Sector underperformance: -4.23% vs Non - Ferrous Metals sector


• Mojo Score: 71.0, Mojo Grade: Buy (upgraded from Hold on 09 Oct 2025)


• Market Cap Grade: 1 (Large Cap)


• Trading above 5, 20, 50, 100, and 200-day moving averages

These figures illustrate a stock experiencing short-term price pressure amid a generally positive longer-term trend and a buoyant broader market.

Conclusion

Hindustan Zinc Ltd’s intraday dip to Rs 705 on 28 Jan 2026 reflects immediate selling pressure following recent gains and a new 52-week high. While the stock underperformed the Sensex and its sector today, it remains technically well-positioned above key moving averages and retains a positive Mojo Grade. The broader market’s strength, led by mega-cap stocks, contrasts with the stock’s cautious intraday performance, highlighting the nuanced dynamics within the Non - Ferrous Metals sector and commodity-linked equities.

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