Strong Trading Volumes and Value Turnover
On 9 January 2026, Hindustan Zinc Ltd recorded a total traded volume of 49,44,093 shares, translating into a substantial traded value of ₹29,906.32 lakhs. This level of activity places the stock among the highest value turnover equities on the trading day, underscoring its liquidity and appeal to both retail and institutional investors. The stock opened at ₹588.15 and surged to an intraday high of ₹611.05, marking a 3.44% rise from the opening price. The last traded price (LTP) stood at ₹609.50 as of 10:39 AM IST, representing a 2.92% gain over the previous close of ₹590.75.
Price Performance and Technical Indicators
Hindustan Zinc’s price action on the day reflected a reversal after two consecutive days of decline, signalling renewed buying interest. The stock outperformed the Non-Ferrous Metals sector, which itself gained 3.15%, by 0.47 percentage points. Compared to the Sensex, which declined marginally by 0.12%, Hindustan Zinc’s 3.28% one-day return highlights its relative strength in a mixed market environment.
Technically, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained medium- to long-term uptrend. However, it remains slightly below its 5-day moving average, suggesting some short-term consolidation or profit booking. This technical setup may attract traders looking for momentum plays while signalling caution for those seeking immediate breakout confirmation.
Institutional Interest and Delivery Volumes
Investor participation has notably increased, with delivery volumes on 8 January rising to 79.69 lakhs shares, a 180.4% increase compared to the five-day average delivery volume. This surge in delivery volume indicates strong conviction among investors holding shares beyond intraday trading, often a positive sign of confidence in the stock’s fundamentals and outlook.
Liquidity remains robust, with the stock’s traded value representing approximately 2% of its five-day average traded value, supporting trade sizes of up to ₹13.57 crores without significant market impact. Such liquidity is crucial for institutional investors and large traders seeking to enter or exit positions efficiently.
Market Capitalisation and Sector Context
Hindustan Zinc Ltd is a large-cap company with a market capitalisation of ₹2,57,807.84 crores, operating within the Non-Ferrous Metals industry. The sector has been buoyant recently, driven by global demand for metals and favourable commodity price trends. Hindustan Zinc’s performance is reflective of this broader sector momentum, yet its individual trading metrics and rating upgrades suggest company-specific catalysts are also at play.
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Rating Upgrade and Mojo Score Analysis
MarketsMOJO recently upgraded Hindustan Zinc Ltd’s Mojo Grade from Sell to Hold on 9 October 2025, reflecting an improved outlook based on fundamental and technical factors. The current Mojo Score stands at 65.0, indicating moderate confidence in the stock’s prospects. While the Hold rating suggests cautious optimism, it marks a positive shift from the previous negative stance, signalling that the stock may be stabilising after prior weakness.
The company’s Market Cap Grade is rated 1, consistent with its large-cap status and strong market presence. This grading supports the stock’s suitability for investors seeking exposure to established players within the Non-Ferrous Metals sector.
Sector and Market Comparison
In the context of the broader market, Hindustan Zinc’s outperformance relative to the Sensex and its sector peers is noteworthy. The Non-Ferrous Metals sector’s 3.15% gain on the day was driven by positive commodity price trends and improving demand outlooks globally. Hindustan Zinc’s 3.28% return slightly exceeded this sector gain, highlighting its relative strength and potential to lead further sectoral rallies.
Investors should note that while the stock has shown resilience and positive momentum, it remains important to monitor short-term technical signals, including its position relative to the 5-day moving average, to gauge near-term price direction.
Outlook and Investor Considerations
Given the strong trading volumes, rising delivery participation, and recent rating upgrade, Hindustan Zinc Ltd appears well-positioned to benefit from ongoing sector tailwinds and company-specific catalysts. The stock’s liquidity and large market capitalisation make it an attractive option for institutional investors seeking exposure to the metals space.
However, investors should remain mindful of commodity price volatility and global economic factors that could impact the Non-Ferrous Metals sector. The Hold rating from MarketsMOJO suggests a balanced view, with potential upside tempered by caution over near-term fluctuations.
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Summary
Hindustan Zinc Ltd’s trading activity on 9 January 2026 highlights its status as a key player within the Non-Ferrous Metals sector, supported by strong volume, value turnover, and institutional interest. The stock’s recent price recovery and rating upgrade from MarketsMOJO reflect improving fundamentals and technical strength. While the sector environment remains favourable, investors should weigh the stock’s Hold rating and short-term technical signals when considering new positions.
Overall, Hindustan Zinc remains a liquid, large-cap option for investors seeking exposure to metals, with potential for further gains if sector momentum continues and company-specific catalysts materialise.
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