Hindustan Zinc trades higher on registering rise of 1% in mined metal output during Q3FY23

Hindustan Zinc is currently trading at Rs. 333.50, up by 2.10 points or 0.63% from its previous closing of Rs. 331.40 on the BSE.

Hindustan Zinc
Hindustan Zinc

The scrip opened at Rs. 332.00 and has touched a high and low of Rs. 333.95 and Rs. 330.50 respectively. So far 15388 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 372.15 on 03-Mar-2022 and a 52 week low of Rs. 242.40 on 06-Jul-2022.

Last one week high and low of the scrip stood at Rs. 336.00 and Rs. 319.00 respectively. The current market cap of the company is Rs. 139942.57 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.30% and 1.77% respectively.

Hindustan Zinc has registered a marginal rise of one per cent in its mined metal output to 2,54,000 tonnes in the third quarter of the current fiscal (Q3FY23). The company’s mined metal production was 2,52,000 tonnes in the year-ago period.

The mined metal production stood at 254kt in the third quarter of the current fiscal driven by higher ore production and marginally down QoQ (Quarter-on-Quarter) due to overall mined metal grades.

Its refined metal production at 2,57,000 tonnes declined two per cent during the period under review. Hindustan Zinc’s integrated zinc production during the third quarter dropped by two per cent to 2,10,000 tonnes.

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.

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