Hindustan Zinc gains on beginning detailed exercise for next phase of expansion

31 Aug 2020 Evaluate

Hindustan Zinc is currently trading at Rs. 230.90, up by 2.05 points or 0.90% from its previous closing of Rs. 228.85 on the BSE.

The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 232.65 and Rs. 229.00 respectively. So far 30201 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.80 on 11-Aug-2020 and a 52 week low of Rs. 122.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 239.35 and Rs. 222.50 respectively. The current market cap of the company is Rs. 97456.98 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.19% and 1.89% respectively.

Hindustan Zinc has begun a detailed exercise for the next phase of expansion and is focused on creating a long-term sustainable value for stakeholders. To meet its expansion goal, the company has listed a host of priorities including ramping up underground mines, optimisation of production costs, refocused capital investments, automation and digitalisation. Among other strategic priorities are refocussed capital investments to enhance profitability and sustainability as well as sustained exploration to add and upgrade resource. The company is working relentlessly towards realising its long-term business growth potential and is in advanced stages of implementing brown-field exploration programme across all its mining leases.

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.

Hindustan Zinc Share Price

496.20 1.70 (0.34%)
18-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 651.15
Vedanta 447.15
Hindustan Zinc 496.20
Gravita India 2150.95
Ram Ratna Wires 579.25
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.