Hindustan Zinc trades higher on the bourses

30 Nov 2011 Evaluate

Hindustan Zinc is currently trading at Rs 116.30, up by 0.80 points or 0.69% from its previous closing of Rs 115.50 on the BSE.

The scrip opened at Rs 114.35 and has touched a high and low of Rs 116.70 and Rs 114.05 respectively. So far 9342 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 118.00 and Rs 108.10 respectively. The current market cap of the company is Rs 48802.43 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 trimmed zinc prices by Rs 1,500 per tonne to Rs 116,400 per tonne. However, the company left lead prices unchanged at Rs 120,700 per tonne. The Vedanta Group company has aligned the prices of its product with the changing 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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