Hindustan Zinc Share price Update: Hindustan Zinc Ltd, a Vedanta group company, on Wednesday informed that its board had approved a second interim dividend of Rs 6 per equity share for the Financial year 2024. The dividend amounted to Rs 2,535.19 crore.
"The board of directors of the company through a resolution passed by circulation on Wednesday, December 6, 2023, have approved 2nd interim dividend of Rs 6 per equity share i.e. 300 percent on face value of Rs 2 per share for the Financial Year 2023-24 amounting to Rs 2,535.19 crores," the company said in a stock exchange filing.
Earlier, the minerals mining company announced its first interim dividend of Rs 7 per share in July this year.
Hindustan Zinc had announced earlier that the Company could create separate legal entities for its zinc and lead, silver, and recycling businesses. According to Hindustan Zinc, it would help capitalize on "distinct market positions" and attract investors.
Hindustan Zinc Stock Performance
Today, at around 11:25 Am the shares of Hindustan Zinc are trading at the level of Rs 326.05 or with a minor gain of 0.31 percent. The sock has shown a rise of around 8 percent in the last 5 days but in the last 6 months, the shares have been underperforming. The stock has risen only 6 percent in the last six months. The shares of Hindustan Zinc were at a level of Rs 300.55 on June 23 this year, Since then it gained only Rs 26. The stock is trading at around Rs 326.05 on December 06.
The stock has remained almost flat throughout the year, it has gained only 3 percent in the past 12 months. On December 06, 2022, the shares were trading at the level of Rs 317.20, and on December 06, 2023, the stock was trading at around Rs 326.
Meanwhile, The 52-week high for the stock is Rs 383, and the 52-week low is Rs 290.50.
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