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Hindustan Zinc slips despite reporting 15% rise in Q2 net profit

30 Oct 2019 Evaluate

Hindustan Zinc is currently trading at Rs. 213.95, down by 6.60 points or 2.99% from its previous closing of Rs. 220.55 on the BSE.

The scrip opened at Rs. 216.50 and has touched a high and low of Rs. 216.50 and Rs. 212.70 respectively. So far 52343 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.80 on 08-Apr-2019 and a 52 week low of Rs. 193.00 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 225.00 and Rs. 210.05 respectively. The current market cap of the company is Rs. 90400.70 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.46% and 1.62% respectively.

Hindustan Zinc has reported 14.66% rise in its net profit at Rs 2081 crore for the quarter ended September 30, 2019 as compared to Rs 1815 crore for the same quarter in the previous year. However, total income of the company decreased by 1.43% at Rs 5101 crore for Q2FY20 as compared Rs 5175 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.

Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 275.10
CMR Green Tech 212.80
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