Vedanta Ltd (NSE: VEDL) has announced its plan to sell up to 1.6% stake in Hindustan Zinc Ltd through an Offer for Sale (OFS). The company aims to raise around Rs 4,600 crore from this stake sale.
Hindustan Zinc
Hindustan Zinc Share Price Target Rs 660: Why Jefferies Is Bullish on the Stock
Shares of Hindustan Zinc have been gaining attention again after global brokerage firm Jefferies initiated coverage on the stock with a Buy rating and a target price of Rs 660. The brokerage believes the company is well placed to benefit from rising silver and zinc prices and expects strong earnings growth over the next few years.
Hindustan Zinc Share Price Jumps 2.65%: Investors Cheer Strong Buying Mood
Hindustan Zinc Ltd (HZL) has added 11.3% over last one month compared to 2.15% fall in BSE Metal index and 0.69% rise in the SENSEX
Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial
✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.
✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.
✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.
Metal Index Drops Over 2.5% As Vedanta Drags
Gold Silver Reports (GSR) – Metal Index Drops Over 2.5% As Vedanta Drags – Metal stocks were facing selling pressure dragged by weakness in Hindustan Zinc, Jindal Steel and Vedanta.
Hindustan Zinc Reports Massive Increase In Revenue, Output And Net Profit
Gold Silver Reports — Zinc mining major Hindustan Zinc reported today that its revenues during the quarter were Rs 4,961 Crore, up 79% y-o-y on account of strong zinc & lead prices and higher volume.
Agarwal’s India Zinc Arm Pays Out Record $4 Billion Dividend
Gold Silver Reports — Billionaire Anil Agarwal’s Hindustan Zinc Ltd., profiting from a surge in metals prices, announced a special dividend that takes its payments to shareholders this year above $4 billion, in what it said is a record return by an Indian company.