Hindustan Zinc share price jumps over 3%: Why is the stock rising today?
Shares of Hindustan Zinc opened sharply higher on Friday, continuing a strong run that has lifted the stock over the past few sessions. At 10:11 am, the stock was trading 3.28% higher at Rs 539.80 on the Bombay Stock Exchange (BSE), adding to gains made earlier in the week.
Over the past three trading sessions, the stock has climbed nearly 8.5%, is up more than 11% in the past month, and has delivered a 21% gain so far this year.
PRECIOUS METAL PRICES BOOST SENTIMENT
A key catalyst for the recent momentum in Hindustan Zinc’s share price has been the sharp rise in silver prices, both domestically and internationally.
Data from recent trading sessions show silver futures hitting record levels, pushing metals stocks higher as…
