Hindustan Zinc gains on reporting 7% rise in mined metal output in Q3FY24

03 Jan 2024 Evaluate

Hindustan Zinc is currently trading at Rs. 319.25, up by 2.00 points or 0.63% from its previous closing of Rs. 317.25 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 321.90 and Rs. 318.20 respectively. So far 25654 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.00 on 19-Jan-2023 and a 52 week low of Rs. 290.55 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 321.90 and Rs. 311.00 respectively. The current market cap of the company is Rs. 134555.28 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.27% and 1.81% respectively.

Hindustan Zinc's mined metal output rose 7 per cent to 2,72,000 tonnes in the December quarter (Q3 FY24) on the back of improved mined metal grades and higher ore production. The refined metal production in the third quarter increased 1 per cent to 2,59,000 tonnes over 2,57,000 tonnes in the year-ago period. 

The saleable silver production was 6.3 million ounce, up 22 per cent YoY in line with lead metal output. Further, wind power generation in the third quarter of the current fiscal was 55 Million Units (MU), up 11 per cent from the last fiscal. 

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

469.35 -9.75 (-2.04%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 623.75
Vedanta 477.50
Hindustan Zinc 469.35
Gravita India 2330.25
Ram Ratna Wires 580.35
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