Hindustan Zinc Ltd Sees Robust Trading Activity Amid Positive Momentum

Trading Activity and Price Performance

On 19 Jan 2026, Hindustan Zinc recorded a total traded volume of 36,02,458 shares, translating into a substantial traded value of ₹236.11 crores. The stock opened at ₹650.00 and surged to an intraday high of ₹662.25, marking a 3.84% rise from the opening price. The last traded price (LTP) stood at ₹652.10 as of 09:44:46 IST, representing a 2.68% gain over the previous close of ₹637.75. This performance outpaced the broader non-ferrous metals sector, which gained 1.79% on the same day, while the Sensex declined by 0.52%, underscoring the stock’s relative strength amid mixed market conditions.

Hindustan Zinc’s price remains close to its 52-week high of ₹670.95, currently just 2.59% below this peak, signalling sustained investor optimism. The stock is trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a strong upward trend and positive technical momentum.

Institutional Interest and Liquidity

Despite a slight dip in delivery volume to 44.78 lakh shares on 16 Jan 2026, down 3.32% against the five-day average, the stock’s liquidity remains robust. Based on 2% of the five-day average traded value, Hindustan Zinc can comfortably support trade sizes of approximately ₹19.44 crores, making it an attractive option for institutional investors seeking sizeable positions without significant market impact.

The company’s market capitalisation stands at a commanding ₹2,76,272.48 crores, categorising it firmly as a large-cap stock within the non-ferrous metals industry. This scale, combined with its liquidity profile, enhances its appeal to mutual funds, insurance companies, and foreign portfolio investors who prioritise both stability and tradability.

Mojo Score Upgrade Reflects Improving Fundamentals

MarketsMOJO recently upgraded Hindustan Zinc’s Mojo Grade from Sell to Hold on 09 Oct 2025, raising its Mojo Score to 65.0. This upgrade reflects an improvement in the company’s financial health, valuation metrics, and operational outlook. The Market Cap Grade remains at 1, indicating the company’s large-cap status and associated stability.

The upgrade suggests that while the stock may not yet be a strong buy, it has moved out of the sell territory, signalling a more balanced risk-reward profile. Investors should note that the Hold rating implies a cautious optimism, recommending monitoring for further catalysts before committing additional capital.

Sectoral Context and Comparative Performance

Within the non-ferrous metals sector, Hindustan Zinc’s outperformance is notable. The sector’s 1-day return of 1.79% was eclipsed by Hindustan Zinc’s 2.52% gain, highlighting the company’s relative strength. This outperformance is particularly significant given the broader market’s negative return on the Sensex, which fell by 0.52% on the same day.

The company’s ability to sustain trading above key moving averages and maintain proximity to its 52-week high suggests strong investor conviction in its growth prospects and operational resilience. This is further supported by the company’s large market cap and liquidity, which provide a cushion against volatility and enable smoother price discovery.

Order Flow and Investor Participation

While delivery volumes have seen a marginal decline recently, the overall order flow remains healthy, with significant value turnover indicating active participation from both retail and institutional investors. The stock’s liquidity profile supports sizeable trades, which is a critical factor for large investors aiming to build or exit positions without causing undue price disruption.

Institutional interest is also reflected in the stock’s upgraded Mojo Grade and improved score, which typically incorporate factors such as earnings quality, return ratios, and valuation metrics. This suggests that analysts and fund managers are increasingly viewing Hindustan Zinc as a viable investment option within the metals space.

Outlook and Investor Considerations

Looking ahead, Hindustan Zinc’s position near its 52-week high and its strong trading volumes suggest that the stock could continue to attract investor interest, particularly if the company delivers on earnings expectations and maintains operational efficiencies. The recent Mojo Grade upgrade to Hold indicates that while the stock is no longer a sell, investors should watch for further fundamental improvements or sector tailwinds before considering a more aggressive stance.

Investors should also be mindful of broader market conditions and commodity price fluctuations, which can impact non-ferrous metals companies. However, Hindustan Zinc’s large-cap status and liquidity provide a degree of stability relative to smaller peers, making it a potentially suitable holding for diversified portfolios seeking exposure to the metals sector.

Summary

Hindustan Zinc Ltd’s robust value trading, institutional interest, and improved Mojo Score collectively paint a picture of a stock regaining favour among investors. With a market cap exceeding ₹2.76 lakh crores and strong liquidity, it remains a key player in the non-ferrous metals sector. While the Hold rating advises measured optimism, the stock’s technical strength and relative outperformance suggest it is well-positioned to benefit from favourable sector dynamics and investor sentiment in the near term.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →