Friday, November 21, 2008

Hindustan Zinc Inched Ahead On Price Hike - Nov 21, 2008

Meanwhile, the BSE Sensex was up 126.99 points, or 1.50%, to 8,578.On BSE, 8,136 shares were traded in the counter. The stock had an average daily volume of 60,889 shares in the past one quarter.The stock hit a high of Rs 338 and a low of Rs 324.45 so far during the day. The stock has a 52-week high of Rs 860 on 14 December 2007 and a 52-week low of Rs 215 crore on 27 October 2008.

The mid-cap stock had outperformed the market over the past one month till 20 November 2008, gaining 17.75% as compared to the Sensex's decline of 17.33%. It had also outperformed the market in the past one quarter, declining 41.07% as compared to the Sensex's decline of 42.42%.

The company's current equity is Rs 422.53 crore. Face value per share is Rs 10.

The current price of Rs 330.10 discounts the company's Q2 September 2008 annualized EPS of Rs 90.83, by a PE multiple of 3.63.

Hindustan Zinc's profit fell 17.9% to Rs 959.51 crore on 12.1% fall in net sales to Rs 1743.84 crore in Q2 September 2008 over Q2 September 2007.

Hindustan Zinc's activities comprise mining and smelting of zinc and lead. The products include zinc ingots, lead ingots, silver, sulphuric acid, cadmium ingots, copper cathode and others.

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