Hindustan Zinc shares drop 4% as India allows large silver imports despite weak demand

India had restricted ⁠imports of silver in nearly all forms with immediate effect mid-May. In June, it further tightened the rules by adding silver grain and powder to the restricted category and requiring prior import authorisation."The government has allowed much more silver to be imported than the country is likely to need over the next six months, so this should help bring down domestic premiums," Reuters quoted Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer.Live Events

Silver futures with December, March and May expiries dropped around 3% each to trade at Rs 1,93,940 lakh per kilogram, Rs 1,99,985 per kg and Rs 2,04,513 per kg."The festive season is here, but demand is yet to pick ⁠up. Many investors have burned their fingers in the recent sharp price correction and are now staying on the sidelines," the report quoted a Mumbai-based dealer with a bullion importing bank.Hindustan Zinc share priceHindustan Zinc shares have fallen over 7% in the past week and 16% in the past month.

The stock is down more than 18% so far in 2026 but has gained 4% over the past year.In the longer term, the shares of the company have jumped 65% in three years and more than 55% in five years. The company has a market capitalisation of less than Rs 2.11 lakh crore. Why Jefferies cut target price?Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser.

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