Hindustan Zinc gains on planning to foray into potash mining
Hindustan Zinc is currently trading at Rs 452.85, up by 7.55 points or 1.70% from its previous closing of Rs 445.30 on the BSE.
The scrip opened at Rs 452.95 and has touched a high and low of Rs 456.80 and Rs 445.50 respectively. So far 156149 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 807.00 on 22-May-2024 and a 52-week low of Rs 378.65 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 466.70 and Rs 437.60 respectively. The current market cap of the company is Rs 190519.63 crore.
The promoters holding in the company stood at 63.42%, while Institutions and Non-Institutions held 33.48% and 3.10% respectively.
Hindustan Zinc is planning to foray into potash mining and is eyeing a block in Rajasthan which has a fair chance of having lithium reserves also. The company is also planning to expand beyond base metals - zinc and lead - and precious metal silver as well as all critical minerals which are of strategic interest to the company. The company was declared as the preferred bidder for Dugocha gold block in Rajasthan, resulting into expansion of its portfolio of precious metals.
Hindustan Zinc is engaged in the mining and smelting of zinc, lead and silver metal in India.
