Hindustan Zinc, Copper Stocks Dip As Silver Slides; Leverage Concerns Mount Amid Q3 Earnings Mix

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AuthorIshaan Verma|Published at:
Hindustan Zinc, Copper Stocks Dip As Silver Slides; Leverage Concerns Mount Amid Q3 Earnings Mix
Overview

Hindustan Zinc aur Hindustan Copper ke shares 22 January 2026 ko gire, silver prices mein badi kami aur leveraged trading ko lekar market mein badhti chinta ke karan. Yeh Hindustan Zinc ke robust Q3 earnings ke bawajood hua. Hindustan Copper ka Q3 performance sequential profit contraction dikhata hai.

Hindustan Zinc aur Hindustan Copper ke shares mein Thursday, January 22, 2026 ko kami aayi. Hindustan Zinc ke stock mein lagbhag 3-4% ki kami dekhi gayi, jabki Hindustan Copper ke shares apne day's high se lagbhag 4% gir gaye. Metal aur mining sector mein yeh mandi silver prices mein mahatvapurna girawat ka natija thi. MCX par silver futures 2% se zyada gire, jiske karan silver-linked exchange-traded funds (ETFs) mein bhi badi kami aayi, jo 10-14% tak loss mein rahe.

Silver ETFs mein volatility, leveraged positions ki badhti sankhya ke beech ho rahi hai. National Stock Exchange ke Margin Trading Facility (MTF) book se pata chalta hai ki December 1 se 38 trading sessions mein leveraged bets silver ETFs mein kai guna badh gaye hain. Is trend ne market participants ka dhyan kheencha hai, jisme Zerodha ke founder aur CEO Nithin Kamath bhi shamil hain, jinhone pehle MTF ke tezi se badhne par chinta vyakt ki thi. Kamath ne chetavani di ki MTF pichhle kuch saalon mein lagbhag paanch guna badh gaya hai, jo ₹1.10 lakh crore ko paar kar gaya hai. Unhone chinta vyakt ki ki agar market mein badi girawat aati hai, to leveraged positions ka synchronized liquidation ho sakta hai, jo kam liquid markets mein price disruptions ka karan ban sakta hai.

Global market sentiment mein kuch sudhar dekha gaya, U.S. President Donald Trump ke Greenland par statements aur European allies par proposed tariffs ke implement na hone ki clarification ke baad. Geopolitical tensions kam hone se U.S. dollar mazboot hua, jo aam taur par commodities par neeche ka dabav dalta hai. Lekin, domestic commodity markets, khaas kar silver aur usse jude instruments, increased leverage aur price corrections par tezi se react kiya.

Financial results ki baat karein to, Hindustan Zinc ne Q3 FY26 ke liye mazboot performance report kiya. Company ne ₹3,916 crore ka consolidated net profit announce kiya, jo 46% YoY growth hai, aur revenue mein 27.47% ki badhotari se ₹10,980 crore ho gaya. Company ne is mazboot performance ka shrey higher production, zinc aur silver prices mein izafa, kam production costs aur improved by-product realisations ko diya. Uska silver revenue 83% YoY badhkar ₹2,676 crore ho gaya.

Iske vipreet, Hindustan Copper ka Q3 FY26 financial update sequential decline dikhata hai. Company ne ₹69.97 crore ka operating profit report kiya, jo pichhle quarter se 32.86% kam hai, aur profit after tax ₹62.90 crore tha, jo pichhle quarter se 38.13% kam hai. Total income bhi sequentially 36.75% girkar ₹327.77 crore ho gayi.

January 22, 2026 tak, Hindustan Zinc ka P/E ratio lagbhag 24.5x chal raha hai, aur uska market capitalization ₹2.86 lakh crore ke aas-paas hai. Hindustan Copper ka P/E ratio kafi zyada, lagbhag 94.10x hai, aur market capitalization lagbhag ₹53,887 crore hai.

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