Hindustan Zinc is currently trading at Rs. 120.00, up by 2.05 points or 1.74% from its previous closing of Rs. 117.95 on the BSE.
The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 120.35 and Rs. 119.00 respectively. So far 20,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 149.80 on 17-Feb-2012 and a 52 week low of Rs. 106.70 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs. 120.35 and Rs. 116.55 respectively. The current market cap of the company is Rs. 50,703 crore.
The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 3.15% and 31.93% respectively.
Vedanta group firm, Hindustan Zinc has decided to spend about Rs 2,016 crore to improve mining operations at its Rampura Agucha and Sindesar Khurd (SK) zinc mines in Rajasthan. The money required for the project will be funded through internal accruals. It has awarded the contracts to South Africa-based Shaft Sinkers and two Chinese companies NFC (China Nonferrous Metal Industry’s Foreign Engineering & Construction) and CCN5C (China Coal 5 Construction Company).
The projects are planned to be completed in 2017. Mining at Rampura Agucha is being done from the open pit, which can be in operation till 372 metros below the surface.
The company’s net profit for the quarter dipped by 20.35% at Rs 1412.84 crore as compared to Rs 1771.27 crore for the quarter ended March 31, 2011. Its total Income decreased marginally by 0.84% to Rs 3516.06 crore for the quarter ended March 31, 2012 from Rs 3545.89 crore for the quarter ended March 31, 2011.
| Company Name | CMP |
|---|---|
| Hindalco | 627.15 |
| Vedanta | 433.50 |
| Hindustan Zinc | 494.50 |
| Gravita India | 2098.45 |
| Ram Ratna Wires | 591.50 |
| View more.. | |
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