Hindustan Zinc inches up on hiking zinc prices by Rs 2,600 per tonne

25 Nov 2011 Evaluate

Hindustan Zinc is currently trading at Rs 111.65, up by 0.10 points or 0.09% from its previous closing of Rs 111.55 on the BSE.

The scrip opened at Rs 110.95 and has touched a high and low of Rs 111.90 and Rs 110.45 respectively. So far 8978 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 155.25 on 21-Apr-2011 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 114.30 and Rs 108.10 respectively. The current market cap of the company is Rs 47133.43 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 3.07% and 32.01% respectively.  

Vedanta Group's Hindustan Zinc has raised zinc prices by Rs 2,600 per tonne to Rs 117,900 per tonne. The company has also increased lead prices by Rs 2,300 per tonne to Rs 120,700 per tonne. The Vedanta Group company has hiked the prices of its product with the rising trend of metal prices on London Metal Exchange.

Hindustan Zinc manufactures three qualities of zinc -- special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc. It manufactures silver used in photographic material, conductor, jewellery, etc.

The company’s net profit for the quarter ended September 30, 2011 has surged by 41.74% at Rs 1344.69 crore as compared to Rs 948.72 crore for the previous fiscal. The company’s total income has increased by 26.74% to Rs 3023.60 crore for the quarter under review from Rs 2385.64 crore for the similar quarter last year.

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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