Vedanta and Hindustan Zinc Shares Hit All-Time Highs: Why Anil Agarwal’s Stocks Are Surging

Shares of Anil Agarwal’s flagship companies, Vedanta and its subsidiary Hindustan Zinc, surged to all-time highs today amid market fluctuations, marking significant gains for investors. Both stocks rose over 6%, boosting the companies’ market capitalization substantially.

In a recent update, NuVama Institutional Equities raised Vedanta’s target price from ₹686 to ₹806. Following this, Vedanta’s shares jumped over 6% on the BSE to ₹679.40, setting a record high and pushing the company’s market cap past ₹2.6 lakh crore. This year alone, Vedanta shares have gained 11%, while delivering over 56% returns in the past twelve months.

Analysts attribute the rally to a sustained rise in commodity prices. Additionally, the upcoming demerger of Vedanta is expected to unlock significant value. The National Company Law Tribunal (NCLT) approved the demerger plan on December 16, 2025. The company is now in the final stage of securing approvals from the Registrar of Companies and stock exchanges. Once completed, five separate entities will be listed, potentially boosting investor interest further.

Hindustan Zinc, Vedanta’s subsidiary, also touched an all-time high during trading, rising nearly 6% to ₹670 from its previous close of ₹629.85. The surge is largely attributed to a sharp increase in silver prices, which crossed $90 per ounce for the first time. On the MCX, silver prices rose by ₹13,000 per kilogram, reaching ₹2,87,990.

Hindustan Zinc is among the world’s top five silver producers, with an annual production capacity of approximately 800 tons. Analysts at Jefferies have noted that rising silver and zinc prices have benefitted the company. Following today’s gains, Hindustan Zinc’s market cap reached ₹2.8 lakh crore. At 12:30 PM, the stock was trading at ₹656.05 on the BSE, up 4.16% for the day.

The surge in Vedanta and Hindustan Zinc shares highlights strong investor confidence in Anil Agarwal’s strategic moves and the robust commodity market outlook.