Hindustan Zinc Ltd Hits Intraday Low Amid Price Pressure on 5 Feb 2026

Intraday Price Movement and Volatility

On 5 Feb 2026, Hindustan Zinc Ltd opened with a significant gap down of -6.02%, setting the tone for a volatile trading session. The stock's intraday low of Rs 594.05 represented a 7.06% drop from the previous close, underscoring the intensity of selling pressure. Weighted average price calculations indicate an intraday volatility of 112.28%, highlighting substantial price swings throughout the day.

This volatility contrasts with the stock’s position relative to its moving averages: while it remains above the 50-day, 100-day, and 200-day moving averages, it traded below the shorter-term 5-day and 20-day averages, signalling near-term weakness despite longer-term support levels.

Sectoral and Market Context

The Non-Ferrous Metals sector, to which Hindustan Zinc belongs, declined by -4.58% today, reflecting broader pressures on metal stocks. Hindustan Zinc’s underperformance was more pronounced, with a day change of -6.07%, underperforming the sector by approximately 0.5%. This sectoral weakness contributed to the stock’s intraday lows and heightened volatility.

Meanwhile, the Sensex opened flat but gradually moved into negative territory, closing at 83,584.39, down 0.28% or 60.15 points. The benchmark index remains 3.08% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50DMA itself is positioned above the 200DMA, indicating mixed signals in the broader market.

Recent Performance Trends

Hindustan Zinc Ltd’s intraday decline today marks a reversal after three consecutive days of gains, signalling a shift in short-term momentum. The stock’s one-day performance of -5.36% significantly underperformed the Sensex’s -0.28% decline. Over the past week, the stock has fallen by -15.47%, contrasting with the Sensex’s 1.23% gain, indicating recent relative weakness.

Over longer time frames, Hindustan Zinc has demonstrated strong performance, with a three-month gain of 27.80% compared to the Sensex’s marginal 0.15% increase, and a one-year return of 29.42% versus the Sensex’s 6.79%. The stock’s three-year and five-year returns of 74.75% and 106.10% respectively also outpace the benchmark, reflecting robust long-term growth despite short-term fluctuations.

Mojo Score and Rating Update

Hindustan Zinc Ltd currently holds a Mojo Score of 64.0, categorised under a Hold grade. This represents a downgrade from its previous Buy rating, effective from 1 Feb 2026. The downgrade reflects recent price pressures and the stock’s short-term underperformance relative to its sector and the broader market.

The company’s market capitalisation grade remains at 1, indicating its status as a large-cap stock within the Non-Ferrous Metals industry. Despite the recent decline, the stock’s long-term performance metrics remain favourable, though near-term price action suggests caution.

Technical Indicators and Moving Averages

From a technical perspective, the stock’s position above the 50-day, 100-day, and 200-day moving averages suggests underlying support at these levels. However, trading below the 5-day and 20-day moving averages indicates short-term bearish momentum. The gap down opening and subsequent intraday volatility further reinforce the presence of immediate selling pressure.

Such technical signals often reflect a market reassessment of valuation or reaction to sectoral dynamics, which in this case includes the broader weakness in Non-Ferrous Metals and the modest decline in the Sensex.

Comparative Sector and Market Performance

While Hindustan Zinc Ltd has outperformed the Sensex over longer periods, its recent underperformance relative to both the index and its sector highlights the challenges faced in the current trading session. The Non-Ferrous Metals sector’s decline of -4.58% today is a significant factor, as metal prices and related stocks often move in tandem with global commodity trends and domestic demand conditions.

The Sensex’s modest decline of -0.28% contrasts with the sharper fall in Hindustan Zinc, indicating stock-specific factors or investor sentiment impacting the company more acutely than the broader market.

Summary of Price Pressure and Market Sentiment

In summary, Hindustan Zinc Ltd’s decline to an intraday low of Rs 594.05 on 5 Feb 2026 reflects a combination of immediate price pressure, sectoral weakness, and broader market volatility. The stock’s gap down opening and high intraday volatility underscore the intensity of selling activity, while technical indicators point to short-term bearish momentum despite longer-term support levels.

The downgrade in Mojo Grade from Buy to Hold further signals a cautious stance on the stock’s near-term outlook. Meanwhile, the Non-Ferrous Metals sector’s decline and the Sensex’s modest negative movement provide a challenging backdrop for the stock’s performance today.

Investors and market participants will likely monitor the stock’s ability to hold key moving averages and respond to sectoral trends in the coming sessions.

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