Hindustan Zinc rises on forming wholly-owned subsidiary in Rajasthan

05 Aug 2022 Evaluate

Hindustan Zinc is currently trading at Rs. 273.30, up by 2.35 points or 0.87% from its previous closing of Rs. 270.95 on the BSE.

The scrip opened at Rs. 273.20 and has touched a high and low of Rs. 276.20 and Rs. 272.50 respectively. So far 26539 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 242.40 on 06-Jul-2022.

Last one week high and low of the scrip stood at Rs. 276.20 and Rs. 266.85 respectively. The current market cap of the company is Rs. 115308.96 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.39% and 1.69% respectively.

Hindustan Zinc has formed a wholly-owned subsidiary company in the name and style of 'Zinc India foundation' on August 05, 2022 in the state of Rajasthan vide certificate of incorporation granted by Central Registration Centre, Manesar. The objects of incorporation is to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. It also aims to acquire and accept, the assets created by any Company/ legal entity/any person, from CSR funds, and to continue its running, operation and maintenance of such undertakings acquired/ accepted.

The incorporation also aims to acquire and accept, the assets created by any Company/ legal entity/any person, from CSR funds, and to continue its running, operation and maintenance of such undertakings acquired/ accepted. It also aims to enter into reciprocal partnerships with similar minded organizations in India and other countries to promote the Indian development goals apart from collaboration with any foreign firms for the purpose of carrying on any business which this company is authorised to carry on

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

464.00 -5.35 (-1.14%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 634.00
Vedanta 473.10
Hindustan Zinc 464.00
Gravita India 2322.90
Ram Ratna Wires 575.20
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