Hindustan Zinc Ltd Share Price – NSE /  BSE

Non Ferrous Metals, Mid Cap

The company has been declared the preferred bidder” for the Dugocha Gold Block, as confirmed by the Department of Mines & Geology, Rajasthan.

This is aligned with Hindustan Zinc’s long-term strategy of securing high-quality assets with strong mining potential,” the company said in a statement.

Located in Salumber, Rajasthan, the block spans 472 hectares and is currently at the G3 level of exploration, with an estimated 1.74 metric ton of resources with 1.63 grams per tonne gold.

Earlier this month, Hindustan Zinc was also declared the preferred bidder for two tungsten and associated metal blocks in Andhra Pradesh and Tamil Nadu.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver.

The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY.

The scrip rose 0.60% to currently trade at Rs 497.45 on the BSE.

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Hindustan Zinc Ltd dropped for a fifth straight session today. The stock is quoting at Rs 504.3, down 0.36% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24006.9. The Sensex is at 79032, down 0.58%.Hindustan Zinc Ltd has eased around 3.06% in last one month.Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has eased around 7.48% in last one month and is currently quoting at 9216.25, down 0.57% on the day. The volume in the stock stood at 13.63 lakh shares today, compared to the daily average of 35.94 lakh shares in last one month.

The PE of the stock is 24.32 based on TTM earnings ending September 24.

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Through the OFS, the Government of India had proposed to sell 5,28,16,488 shares, representing a 1.25% stake, with an option to sell an additional 1.25% stake or 5,28,16,487 equity shares in case of oversubscription. The floor price for the offer had been set at Rs 505 apiece.

With the promoter exercising the oversubscription option to the extent of up to 2,15,77,052 equity shares (representing 0.51% stake), the total OFS size (base size + green shoe) aggregated to 7,43,93,540 shares, representing 1.76% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 3,756.87 crore.

The Government of India held 63.42% stake in Hindustan Zinc as of 30 September 2024.

The OFS opened on 06 November 2024, which is the T-day, where only non-retail investors could bid for the shares. On 07 November 2024, which was the T+1 day, the OFS was accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day.

On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 6,69,54,186 shares. It was subscribed 140.85% on the base non-retail offer size of 4,75,34,839 shares.

On Day 2 (T-day), as of 15:30 IST, the OFS received subscription for 13,83,796 shares. It was subscribed 26.20% on the base retail offer size of 52,81,649 shares.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver.

The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY.

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Through the OFS, the Government of India proposes to sell 5,28,16,488 shares, representing a 1.25% stake, with an option to sell an additional 1.25% stake or 5,28,16,487 equity shares in case of oversubscription.

The floor price of the offer has been set at Rs 505 apiece, a 9.73% discount to the stock's closing price of Rs 559.45 recorded on Tuesday, 05 November 2024.

The Government of India held 63.42% stake in Hindustan Zinc as of 30 September 2024.

A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors.

The OFS opened on 06 November 2024, which is the T-day, where only non-retail investors can bid for the shares. On 07 November 2024, which is the T+1 day, the OFS will be accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day.

On Day 1 (T-day), as of 11:20 IST, the OFS received subscription for 4,42,887 shares. It was subscribed 0.84% on the base non-retail offer size of 5,28,16,488 shares.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver.

The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY.

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