/ Hindustan Zinc strengthens on reporting marginal rise in Q1 net profit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 24 July 2018

Hindustan Zinc is currently trading at Rs. 270.25, up by 2.65 points or 0.99% from its previous closing of Rs. 267.60 on the BSE.The scrip opened at Rs. 265.15 and has touched a high and low of Rs. 272.95 and Rs. 261.15 respectively. So far 111588 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 339.55 on 26-Feb-2018 and a 52 week low of Rs. 261.15 on 24-Jul-2018.Last one week high and low of the scrip stood at Rs. 274.95 and Rs. 261.30 respectively. The current market cap of the company is Rs. 114083.61 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.56% and 1.52% respectively.Hindustan Zinc has reported a marginal rise of 1.54% in its net profit at Rs 1,918 crore for the quarter June 30, 2018 as compared to Rs 1,889 crore for the same quarter in the previous year. Total income of the company increased marginally by 1.48% at Rs 5,609 crore for Q1FY19 as compared Rs 5,527 crore for the corresponding quarter previous year.

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.

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