Hindustan Zinc Ltd (HINDZINC)

Hindustan Zinc Plans to Become Leading Sustainable Producer of Critical Minerals - 18 May, 2024

Hindustan Zinc's Chairperson Priya Agarwal Hebbar has stated that India is on a mission to become the world's leading and most sustainable producer of critical minerals. The company plans to foray into strategic mineral exploration with its subsidiary Hindmetal Exploration Services Pvt Ltd.

Hindustan Zinc Shares Deliver Multibagger Return - 17 May, 2024

Hindustan Zinc's strong financial performance and record production figures have led to a multibagger return of 101% in just 50 days. The company has also sought approval for its revised demerger plan.

Hindustan Zinc Declares Interim Dividend - 15 May, 2024

Hindustan Zinc has declared an interim dividend of Rs 10 per equity share with a record date of May 15.

Hindustan Zinc Shares Hit Lifetime Peak Amid Strong Performance - 14 May, 2024

Hindustan Zinc's shares hit a lifetime peak with a market capitalization of Rs 2.44 lakh crore due to strong operational performance in FY24 results and an interim dividend of Rs 10 per equity share for FY25. The company emerged as the most valued metals and mining firm.

Hindustan Zinc Stock Reaches Record High - 13 May, 2024

Shares of Hindustan Zinc Ltd surged by over 10% on both the BSE and NSE, reaching a record high of Rs 585.90 during intra-day trading.

Hindustan Zinc Shares Surge on Rally in Silver Prices - 11 May, 2024

Shares of Hindustan Zinc surged nearly 19% to hit a lifetime high of ₹540.95 due to the recent rally in silver prices and optimism around increased industrial usage. Experts caution against buying at current levels, recommending profit-taking given expensive valuations.

Hindustan Zinc Shares Surge on Strong Business Outlook and Increased Demand - 10 May, 2024

Hindustan Zinc's stock price surged as much as 19% to hit a record high after the company approved an interim dividend of Rs 10 per equity share and reported revenue of Rs 7,549 crore for the March quarter. The boost in India's infrastructure and manufacturing sectors along with a shift towards electric vehicles is contributing to increased demand for metals. Additionally, a spike in zinc prices bodes well for Hindustan Zinc as it is involved in mining and refining the metal.

Hindustan Zinc Declares Interim Dividend of Rs 10 per Share - 08 May, 2024

Hindustan Zinc's board has declared an interim dividend of Rs 10 per share or 500% for FY25, entailing a total outgo of `4,225.32 crore. The company's share prices closed 3.92% down to Rs 445.85 on the BSE following the announcement.

Hindustan Zinc Announces Dividend Payouts - 07 May, 2024

Hindustan Zinc Ltd. has announced a 500% dividend payout for FY24-25 and approved an interim dividend of Rs 10 per share for FY25, with a total outgo of Rs 4,225.32 crore. The government and Vedanta Resources will receive payouts. Shares fell 4.6% on BSE.

Hindustan Zinc Announces Dividend, Stock Jumps - 03 May, 2024

Hindustan Zinc Ltd's shares jump over 7% to hit a fresh 52-week high after announcing a final dividend of Rs 75.5 per share for FY23, totaling Rs 31,901 crore. However, the company saw a decline in Q4 net profit by 21% YoY due to global zinc price depression amidst slower demand growth compared to supply.

Hindustan Zinc Ltd up 1.57% on NSE - 30 Apr, 2024

Hindustan Zinc Ltd is trading at Rs 430.9, up 1.57% on the day as of 12:44 IST on the NSE. The stock has gained 36.71% in the last year compared to a 25.32% gain in NIFTY and a 57.12% gain in the Nifty Metal. PE ratio based on TTM earnings ending March 24 is 23.01.

Government to Sell Stake in Hindustan Zinc Through Offer for Sale - 29 Apr, 2024

The Indian government plans to offload its 29.54% stake in Hindustan Zinc through an offer for sale (OFS) after testing the market. The Supreme Court has allowed the government to disinvest its residual stake in the company in the open market.

Hindustan Zinc's Free Cash Flow Exceeds Statutory Profit - 27 Apr, 2024

Hindustan Zinc reported an accrual ratio of -0.12 for the year to March 2024, indicating that its free cash flow was more than its statutory profit. It produced free cash flow of ₹95b during the period, dwarfing its reported profit of ₹77.6b. Its earnings per share fell back over the last year, and there are risks that need to be considered.

Hindustan Zinc Ltd Stock Rises for Third Straight Session - 26 Apr, 2024

Hindustan Zinc Ltd stock is up 3.04% on the day, quoting at Rs 424 on NSE. The stock has gained 36.64% in the last year compared to a 25.57% gain in NIFTY and a 60.74% gain in the Nifty Metal index. PE of the stock is 22.33 based on TTM earnings ending March 24.

Government Opposes Vedanta's Plan to De-merge HZL - 24 Apr, 2024

The Indian government has continued its opposition to Vedanta's proposal to de-merge Hindustan Zinc, even after the promoter changed the plan from a three- to two-way split. A senior official stated that several issues could arise as a result of the split.

Hindustan Zinc Allocates Funds for Capex Amid Revenue Decline - 23 Apr, 2024

Hindustan Zinc sets aside $300M for capex in FY25, while reporting an 11% decline in Q4FY24 revenue. HZL also becomes the world's third-largest producer of silver.

Hindustan Zinc Plans Expansion Amid Bullish Outlook - 22 Apr, 2024

Hindustan Zinc is planning a significant expansion to double its output by August or September, as CEO Arun Misra remains bullish on silver and zinc prices. The company has also earmarked $300 million for capital expenditure in FY25 to build a new roaster in Rajasthan. Brokerages have increased their EBITDA estimates for FY25 and FY26 on capacity addition but feel the stock is factoring in all positives post the recent run.

Hindustan Zinc Q4 FY24 Results Declared - 21 Apr, 2024

Hindustan Zinc's Q4 FY24 results show a decrease in revenue and profit YoY, but an increase compared to the previous quarter. The company delivered positive returns in the last week and has a market cap of ₹171104.3 Cr. Analysts have given mixed ratings with a consensus recommendation to Sell.

Hindustan Zinc Faces Decline in Net Profit Amidst Lower Zinc Prices - 20 Apr, 2024

Hindustan Zinc reports a 21% decline in its Q4FY24 PAT due to lower zinc prices. CEO Arun Misra announces an upcoming OFS announcement by the government.

Hindustan Zinc Reports Weak Q4 Results - 19 Apr, 2024

Hindustan Zinc reported weak Q4FY24 and FY24 results with an 11.7% YoY decline in revenue. The company also reported a 21% YoY drop in Q4 net profit due to depressed zinc prices globally.