Previous Close | 289.40 |
Open | 289.40 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 289.40 - 296.50 |
52 Week Range | 284.60 - 344.00 |
Volume | |
Avg. Volume | 567,052 |
Market Cap | 1.25T |
Beta (5Y Monthly) | 0.74 |
PE Ratio (TTM) | 15.80 |
EPS (TTM) | 18.70 |
Earnings Date | Apr 01, 2024 - Apr 05, 2024 |
Forward Dividend & Yield | 52.00 (17.60%) |
Ex-Dividend Date | Dec 14, 2023 |
1y Target Est | N/A |
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Indian miner Hindustan Zinc reported its fifth consecutive decline in quarterly profit on Friday, dragged by lower zinc prices and sales. Still, the 6% profit drop is the smallest since it first reported a fall in profit in the third quarter of last year. Consolidated net profit fell to 20.28 billion rupees ($244 million) in the three months to Dec. 31 from 21.56 billion rupees a year ago.
India's Hindustan Zinc on Wednesday declared a dividend for the second time this fiscal, amounting to 25.35 billion rupees ($304.28 million), of which the major benefactor will be cash-strapped Vedanta, holding a 64.9% stake. The dividend of six rupees per share is below the seven rupees that the company had announced in July and lower than 26 rupees in March as well as 13 rupees in January. The announcement comes at a time when Vedanta's UK-based parent, Vedanta Resources, is battling a host of rating downgrades, triggered by worries over outstanding dues, including $4.2 billion that the company has to pay by fiscal 2025.
India's Hindustan Zinc Ltd will use the liquefied natural gas (LNG)-powered fleet of GreenLine Mobility Solution in its supply chain and transportation operations to cut its carbon footprint, according to a statement by GreenLine. Companies in India, the world's third-largest emitter of greenhouse gases, are investing billions of dollars to help the nation reach its target of net-zero emissions by 2070. Hindustan Zinc has itself set an earlier target of becoming a net-zero carbon emitter by 2050.