Silver Stocks: Will the precious metal have a silver lining?

Silver is a precious metal that has been in use for thousands of years. In India, silver has been a popular investment option for centuries, and several companies are involved in the production and sale of silver. In this blog, we will take a look at some of the top silver stocks in India.

Industry oulook 

Hindustan Zinc Limited (HZL) is one of the leading silver-producing companies in India. The company is a subsidiary of Vedanta Resources and has mines in Rajasthan, which is one of the largest silver-producing regions in India. HZL has been consistently increasing its silver production over the years and has been able to capitalize on the rising demand for silver in the country. Over the past 1 year, the stock has underperformed and given negative returns of 3%.

Another top silver stock in India is National Mineral Development Corporation (NMDC). The company is involved in the production of various minerals, including silver. NMDC has been able to leverage its expertise in mining to increase its silver production in recent years. However, over the past year, the stock has witnessed a significant correction of over 30%.

Hindalco Industries is another silver stock in India that has been performing well in recent years. The company is primarily involved in the production of aluminium, but it also has a presence in the production of silver. Hindalco has been able to diversify its revenue streams and has been able to capitalize on the rising demand for silver in the country. Just like its peers, the stock has also witnessed a significant drawdown in its price by over 30%.

Conclusion 

Silver stocks in India offer investors a good opportunity to invest in a precious metal that has been in demand for centuries. The demand for silver in the country is expected to grow in the years to come, and companies involved in the production and sale of silver are well-positioned to benefit from this trend. While investing in silver stocks comes with its own set of risks, it is an option that investors may want to consider as part of their investment portfolio. Some of the aforementioned companies have witnessed significant correction and therefore everyone should keep a close eye on