Metal major Vedanta Limited on Friday said it would exercise the oversubscription option in the ongoing offer for sale (issue) of Hindustan Zinc Limited to the extent of over 1.21 crore equity shares or 0.29% in addition to 5.14 crore equity shares representing 1.22% of the total issued and paid-up equity share capital of the … Read more
The company’s revenue from operations increased 11% year-on-year (YoY) to Rs 4,347 crore, up from Rs 3,915 crore in the same period last year. EBITDA for the quarter increased 13% YoY to Rs 994 crore, up from Rs 880 crore in the same quarter last year. Meanwhile, EBITDA margins rose by 39 basis points to … Read more
Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan ZincHindustan Zinc Limited (HZL) has announced its offer for sale from … Read more
Benchmark indices closed higher on Wednesday amid buying in blue chips even on the back of mixed cues from global markets. The 30-share Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun … Read more
Mumbai: Metal stocks were the top gainers in Tuesday’s trading as China’s new package to rescue its floundering property market boosted sentiment in the sector. The Nifty Metal Index soared 3.9%, while the benchmark Nifty gained 0.1% on Tuesday. Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco … Read more
Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore). The trillion-dollar market-cap … Read more
NEW DELHI: Central government, Hindustan Zinc‘s largest minority shareholder, has rejected the miner’s proposal to split into different units as it is not convinced such a move would boost shareholder value, a government official said on Friday. “Whatever report we have in front of us, we are not convinced by it,” said VL Kantha Rao, … Read more
Eicher Motors. Share Price 3917.60 01:55 PM | 22 Feb 2024 81.25(2.12%) HCL Technologies. Share Price 1667.45 01:55 PM | 22 Feb 2024 31.16(1.91%) Coal India. Share Price 440.60 01:55 PM | 22 Feb 2024 7.66(1.77%) Bajaj Auto. Share Price 8342.95 01:55 PM | 22 Feb 2024 110.71(1.35%) Hindalco Industries. Share Price 518.60 01:55 PM … Read more
NEW DELHI: Hindustan Zinc Ltd (HZL) on Friday posted a 6 per cent decline in consolidated net profit to Rs 2,028 crore during the quarter ended December 2023, dragged by lower income.It had clocked Rs 2,156 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing.On … Read more
BENGALURU: India’s Hindustan Zinc on Wednesday declared a dividend for the second time this fiscal, amounting to 25.35 billion rupees ($304.28 million), of which the major benefactor will be cash-strapped Vedanta, holding a 64.9% stake. The dividend of six rupees per share is below the seven rupees that the company had announced in July and … Read more