Hindustan zinc up by 11 percentage | Espresso

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Espresso shot of the day – Hindustan zinc up by 11 percentage

January 19, 2021
Espresso shot of the day – Hindustan zinc up by 11 percentage

HINDUSTAN ZINC LTD 299.30 (+11.62%)   BSE – INE267A01025| 19th JAN 2021

Hindustan Zinc is India’s largest and the world’s second largest zinc-lead mine. Hindustan Zinc is a subsidiary of Vedanta Limited, which owns 64.9% stake in the Company while the Government of India retains a 29.5% stake. Hindustan Zinc’s operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelters as well as sulphuric acid and captive power plants in North-West India.

Recent Drivers

Hindustan Zinc will announce its results for the third quarter on Jan 20, 2021. Net Sales are expected to increase by 24 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs 5,792 crores.

Hindustan Zinc’s Zinc Smelter Debari (ZSD) has been honoured with the prestigious ICC Environment Excellence Award 2020 for displaying an excellent commitment towards environment management.

FLSmidth has been contracted to deliver an integrated dry-stack tailings solution and a paste fill plant to Hindustan Zinc’s lead-zinc mine in Rajpura Dariba, Rajasthan.

Hindustan Zinc reinforces its commitment to sustainable mining, becomes COP26 Business Leader.

Vedanta Holdings Mauritius II Limited, the promoter group company, had purchased 185 million equity shares, aggregating to 4.98% of the equity share capital of Vedanta.

Tata Steel has signed a Memorandum of Understanding to procure its complete domestic zinc requirements from Hindustan Zinc.

Hindustan Zinc has implemented a Vendor Management Inventory (VMI) solution for Tata Steel.

Hindustan Zinc, Vedanta's subsidiary, paid a healthy dividend of Rs 21.3 per share (that is, 1065%) on face value of Rs 2 per share for the FY21, amounting to Rs 9,000 crores.

Hindustan Zinc has launched Evolve, India’s first online buying platform for non-ferrous metals.

(Source: Moneycontrol, BSE, Business Standard, International Mining, India CSR)

Technical Force*

S&P BSE METAL month till date gain up by  5.21%

Spurt in volume, Volume above last 1 week of average

Stock price has jumped more than 100% in last one year low level – 116.05, Mar 13, 2020

Daily RSI (14) is falling from overbought range after 7 periods

52-week high – 328 | 52-week low – 122

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

427.93

343.37

291.13

206.57

154.33

69.77

17.53

-

Fibonacci Pivot

343.37

291.11

258.82

238.03

206.57

175.10

154.31

122.02

69.77


Today’s Close

299.30

SMA

BSE

10 DAY

287.54

20 DAY

264.35

50 DAY

244.72

200 DAY

210.50

Some Key Ratios (Source: BSE)

Market Cap: 1,26,463.80 crores

PE: 18.11

OPM%: 57.84

ROE%: 17.08

Previous Close: 268.15


* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.