Consequent to the fall in base metal prices and the hangover of stake sale by the government, the Hindustan Zinc stock fell by 27 per cent from its 52-week high of Rs 147 on December 18, 2012, to its 52-week low of Rs 107 on April 17. The sharp decline in
Hindustan Zinc (HZL) has slipped over 27% from its 52-week high of Rs 146.80 on 18 December 2012 to touch its 52-week low of Rs 106.90 on 17th April 2013. While on one hand the outlook of zinc and lead prices was one of the factors that saw the stock
Vedanta group firm Hindustan Zinc (HZL) today reported nearly 27% jump in its net profit at Rs 1,612.54 crore during the quarter ended December 31, 2012, helped by higher revenues from silver business, increase in other income and decline in tax outgo.
The buzz of government’s residual stake sale in Hindustan Zinc has lifted the share price of Sterlite Industries in the last fortnight. In fact, the last one week has seen a jump in volumes and five per cent gain in its share price.
The Vedanta group, controlled by billionaire Anil Agarwal will seek its shareholders’ approval to increase its earlier offer price by up to $650 million (Rs 3,588 crore) to buy the Indian government’s stakes in Hindustan Zinc and unlisted
Vedanta Group may shell out Rs 21,635 crore, up to 25% more than planned earlier, for buying the Government's remaining stakes in Hindustan Zinc and Balco as its previous offers have not been accepted so far.
The government is likely to reject an offer by the Anil Agarwal-led metals and mining conglomerate Vedanta Resources to buy the residual stakes in group firms Hindustan Zinc Ltd (HZL) and Bharat Aluminium Co Ltd (Balco) for about Rs 17,000 crore.