MUMBAI — Of the seventeen large Indian companies this series follows, Hindustan Zinc is the one falling fastest on Tuesday, and it is the only one of the four big metal producers being sold on more volume than it normally trades.
The stock was quoted at ₹587.90 on the National Stock Exchange at 11:49 IST, down ₹16.10 or 2.67 percent on Monday’s close of ₹604.00, and at ₹587.85 on the BSE. It opened at ₹600.00, got no higher than ₹600.60, and worked down to ₹586.85. Turnover of 36.39 lakh shares is 62.2 percent of an average full day, which extrapolates to about 1.5 times a normal session. These are live intraday figures from a session that settles at 15:30.
That volume figure is the part that separates Hindustan Zinc from the rest of the complex. Tata Steel is giving back Monday’s gain on 0.89 times normal turnover. Hindalco is doing the same on 0.82 times. Both look like buyers stepping away. Hindustan Zinc looks like sellers arriving.
Hindustan Zinc Share Price Today: NSE and BSE Live Quote, August 25, 2026
| Measure | NSE · HINDZINC | BSE · 500188 |
|---|---|---|
| Last traded price | ₹587.90 | ₹587.85 |
| Previous close (August 24) | ₹604.00 | ₹604.80 |
| Change so far | -₹16.10 (-2.67%) | -2.80% |
| Open | ₹600.00 | – |
| Session high so far | ₹600.60 | – |
| Session low so far | ₹586.85 | – |
| Volume so far | 36.39 lakh shares | – |
| 52-week high | ₹733.00 (19.80% above the current price) | |
| 52-week low | ₹418.00 (+40.65% from the current price) | |
| Market capitalisation | ₹2,55,252 crore, at Monday’s close | |
| Trailing P/E · Price to book | 15.0 · 11.27 | |
| Return on capital employed · Return on equity | 69.5% · 76.6% | |
| Live intraday figures captured at 11:49 IST on August 25, 2026, about 154 minutes into a session that runs to 15:30. These are last traded prices, not closing prices, and they will change. Open, high and low for the BSE line were not captured in this run, so those cells are left blank. Valuation ratios and market capitalisation are Screener’s consolidated figures, struck at Monday’s close. | ||
The stock has never traded above its opening price on Tuesday. ₹600.60, four minutes’ worth of movement above the ₹600.00 open, is the whole of the upside so far.
A Third of the Run Has Gone
| Date | Close (₹) | Change | Volume |
|---|---|---|---|
| August 14, 2026 | 561.90 | -2.84% | 47.02 lakh |
| August 17, 2026 | 567.50 | +1.00% | 47.06 lakh |
| August 18, 2026 | 558.00 | -1.67% | 22.57 lakh |
| August 19, 2026 | 557.00 | -0.18% | 36.84 lakh |
| August 20, 2026 | 573.90 | +3.03% | 64.28 lakh |
| August 21, 2026 | 594.90 | +3.66% | 141.90 lakh |
| August 24, 2026 | 604.00 | +1.53% | 127.59 lakh |
| August 25, 2026, at 11:49 IST | 587.90 | -2.67% | 36.39 lakh so far |
| NSE closing prices and volumes; the final row is live intraday and not a close. The stock rose 8.44 percent across the three sessions from August 19 to August 24 on turnover that quadrupled, and has given back a little over a third of that on Tuesday morning. | |||
The arithmetic on the run is worth doing plainly. From ₹557.00 on August 19 to ₹604.00 on Monday is ₹47.00. At ₹587.90 the stock has kept ₹30.90 of it, so ₹16.10 or 34 percent has gone in one morning. Friday’s close of ₹594.90 is now above the price rather than below it, which means the last two sessions of the rally have been fully unwound and only August 20 and 21 remain intact.
Below, ₹573.90 is the August 20 close and the first level with any recent history behind it; ₹557.00 is the base of the whole move. Above, the ₹600 line failed twice on Tuesday morning and ₹614.20 was Monday’s high.
Hindustan Zinc Stock Code on NSE, BSE and Global Data Feeds
| Exchange or provider | Code | Notes |
|---|---|---|
| NSE (National Stock Exchange) | HINDZINC | Series EQ. Nifty Metal constituent |
| BSE (Bombay Stock Exchange) | 500188 | Scrip code. Group A, BSE 200 constituent |
| ISIN | INE267A01025 | Depository identifier. Face value ₹2 |
| Google Finance | NSE:HINDZINC · BOM:500188 | The exchange-prefixed format Google requires |
| Yahoo Finance | HINDZINC.NS · HINDZINC.BO | Suffix marks the exchange |
| ISIN, scrip code and face value confirmed against the BSE company header feed. Hindustan Zinc is a subsidiary of Vedanta Limited and was a state-owned enterprise until its disinvestment; the Government of India retains a residual holding. | ||
Why the Price-to-Book Multiple Is Not What It Looks Like
At 11.27 times book, Hindustan Zinc carries the highest such multiple of any large Indian company in this series, roughly six times what Reliance Industries commands. Read on its own it looks indefensible. Read next to a 76.6 percent return on equity it turns into arithmetic, because the two numbers are the same fact seen from opposite ends.
The company distributes almost all of its profit as dividend. A business that never retains earnings never accumulates equity, so the denominator of the price-to-book calculation stays small no matter how much money it makes. The multiple is high because the balance sheet is thin, not because the shares are expensive against profit. On earnings the stock trades at 15 times trailing, which is cheaper than Reliance and close to Tata Consultancy Services at 15.4.
That structure is not accidental. Vedanta Limited controls Hindustan Zinc and has consistently used the dividend as a cash pipeline to the parent. The arrangement suits a minority shareholder perfectly well while the zinc price is where it is. It suits nobody if the price falls, because a company with a thin balance sheet and a controlling shareholder that needs the cash has less room to absorb a downcycle than one that has retained its earnings. On a morning when the metal complex is coming off, that is the sentence worth holding on to.
The Quarter Behind the Rally
| Measure | Q1 FY27 | Note |
|---|---|---|
| Mined metal production | 268,000 tonnes | Record for a June quarter |
| Cost of production per tonne | $851 | The lowest the company has recorded |
| Cost guidance for the year | $975 to $1,000 | Not restated after the beat |
| Return on capital employed | 69.5% | Screener, trailing |
| Return on equity | 76.6% | Screener, trailing |
| Production and cost figures as reported in the company’s Q1 FY27 results release of July 24, 2026. Returns are Screener’s trailing consolidated figures. The company came in –124 dollars a tonne below the bottom of its own cost guidance range and has not revised that guidance since. | ||
Getting metal out of the ground at $851 a tonne against a guidance range of $975 to $1,000 is a substantial beat, and it is the operational reason the stock ran 8.4 percent in three sessions. It is also unrepeated so far: the company has not restated the guidance, which leaves open whether it regards $851 as the new run rate or as one good quarter.
What this article cannot tell you is why Tuesday specifically. Hindustan Zinc has issued no announcement since the results and there is no company news. Zinc prices are set on the London Metal Exchange and no Indian producer forecasts them. And the results release does not separate how much of the quarter’s revenue increase came from volume, how much from price, how much from lead concentrate sales and how much from the rupee, which is the breakdown that would tell an investor how much of the improvement is durable. A 2.67 percent fall on 1.5 times normal turnover says somebody has decided something. It does not say what.
Elsewhere in Tuesday’s session, Steel Authority of India was the only large metal producer still rising and Bharat Electronics tested ₹405 for the fourth time this month and held. The Nifty 50 was down 0.32 percent.
Hindustan Zinc’s June-quarter figures come from the company’s own Q1 FY27 results release of July 24, 2026. Intraday prices and the scrip identifiers were checked against the exchange’s own quote page for scrip 500188.
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