Hindustan Zinc Ltd.

Hindustan Zinc is currently trading at Rs. 136.20, up by 3.65 points or 2.75% from its previous closing of Rs. 132.55 on the BSE.

The scrip opened at Rs. 141.80 and has touched a high and low of Rs. 141.80 and Rs. 135.50 respectively. So far 453242 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.80 on 21-Jan-2014 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. 135.25 and Rs. 128.30 respectively. The current market cap of the company is Rs. 58182.64 crore.

The promoters holding in the company stood at 64.92 % while Institutions and Non-Institutions held 33.39 % and 1.69 % respectively.

Hindustan Zinc has received Cabinet Committee on Economic Affairs’ (CCEA) approval for the sale of Government’s residual stake in the company. The move might lower the pressure on the Government, which is struggling to meet the disinvestment target of Rs 40,000 crore and residual stake target of Rs 14,000 crore.

Till now, the Government has got less than Rs 3,000 crore under disinvestment and yet to open account in residual stake sale target. The government holds a 29.5% stake in Hindustan Zinc, the world’s second-largest zinc producer that is controlled by Anil Agarwal’s Vedanta Group.

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.