Hindustan Zinc shares rally 12% in 4 days. What’s powering this surge?

Hindustan Zinc shares surged in four days to Rs 547, driven by soaring silver prices following the US Fed’s rate cuts. As silver more than doubles this year, analysts say the market is still underestimating Hindustan Zinc’s leverage to the metal, which contributes nearly half its EBIT. With strong global positioning, improving margins and rising investor interest, the stock is nearing its 52-week high.