Hindustan Zinc inches up on incorporating wholly owned subsidiary
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Hindustan Zinc is currently trading at Rs. 309.90, up by 0.50 points or 0.16% from its previous closing of Rs. 309.40 on the BSE.
The scrip opened at Rs. 310.50 and has touched a high and low of Rs. 311.15 and Rs. 309.50 respectively. So far 2259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 344.00 on 07-Jul-2023 and a 52 week low of Rs. 290.55 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 313.75 and Rs. 308.05 respectively. The current market cap of the company is Rs. 130731.37 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.19% and 1.89% respectively.
Hindustan Zinc has incorporated a wholly owned subsidiary (WOS) of the Company in the name of ‘Hindmetal Exploration Services’ on February 26, 2024. The said WOS has been incorporated with object to explore, discover, develop and tap mineral resources including strategic minerals, deep-seated minerals and offshore minerals through systematic exploration of all types of mineral deposits and to participate in the auctioning of mining blocks containing critical minerals.
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.
