Hindustan Zinc Share Price Today
Hindustan Zinc shares are witnessing a strong rally at this time. Sharees of Hindustan Zinc rose more than 12% during trading on May 10 and reached a 52-week high.
Zinc price rose over 2 per cent to $2,955 on the London Metal Exchange due to positive trade data from Chin. (Hindustan Zinc Ltd. excerpt) Which is affecting the company’s shares. At 2.41 pm on the National stock Exchange, Hindustan Zinc shares were trading 12.68 per cent higher at Rs.514.00. On Monday (May 13, 2024), the stock was trading 10.22% higher at Rs. 579. China is both a major producer and Comsumer of zinc.
Moreover, the rise in zinc price bodes well for Hindustan Zinc as it is engaged in zinc mining and refining business. The company has also approved an interim dividend of Rs. 10 per share. For this, the company will have to spend Rs 4,225.32 crore. Hindustan zinc’s revenue in the March quarter was Rs 7,549crore and it margins were also better than expected.
The company’s net debt stood at Rs 370crore in the December quarter, while the company had cash of Rs 1.700 crore in the March quarter. The company’s management says that its mine and refined metal production is expected to increase in 2025 compared to FY24. Apart from this, the company’s capital expenditure is estimated to be between Rs. 270 crore and Rs. 325 crores. Disclaimer: Investment in mutual funds and stock market is based on risk. Consult your financial advisor before investing in the stock market. hind. Maharashtranama.com will not be responsible for any financial loss.