Hindustan Zinc trades higher on the bourses

05 Dec 2011 Evaluate

Hindustan Zinc is currently trading at Rs. 127.25, up by 1.65 points or 1.31% from its previous closing of Rs. 125.60 on the BSE.

The scrip opened at Rs. 126.30 and has touched a high and low of Rs. 128.95 and Rs. 125.60 respectively. So far 76,000 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. 128.95 and Rs. 114.05 respectively. The current market cap of the company is Rs. 53,767.00 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

494.50 9.05 (1.86%)
14-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 627.15
Vedanta 433.50
Hindustan Zinc 494.50
Gravita India 2098.45
Ram Ratna Wires 591.50
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