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Hindustan Zinc shines on receiving DEA approval for stake sale

25 Sep 2013 Evaluate

Hindustan Zinc is currently trading at Rs. 132.80, up by 1.25 points or 0.95% from its previous closing of Rs. 131.55 on the BSE.

The scrip opened at Rs. 132.70 and has touched a high and low of Rs. 135.00 and Rs. 132.00 respectively. So far 64,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 146.80 on 18-Dec-2012 and a 52 week low of Rs. 94.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 137.25 and Rs. 125.00 respectively. The current market cap of the company is Rs. 56,112.00 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 3.49% and 31.59% respectively.

The Department of Economic Affairs (DEA) has cleared the decks for Hindustan Zinc and Balco stake sale and now the mines ministry will take a final call. Through this stake sale the finance ministry expects to rake in Rs 25,000 crore.

Sterlite Industries, an Anil Agarwal-promoted company which was merged with Sesa Goa last month holds 64.92% stake in Hindustan Zinc and the rest of the stake is with the Government of India.  Agarwal had already offered around Rs 17,000 crore for 29.54% stake to government.

Hindustan Zinc, country's only integrated zinc producer, 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.

Hindustan Zinc Share Price

592.35 -0.10 (-0.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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