Hindustan Zinc slipped 3.32% to Rs 568.60 at 11:45 IST on BSE after the company said it has cut zinc prices by 6.5% and lead prices by 7.7%, with immediate effect.
The scrip had touched a high of Rs 585 and a low of Rs 555.15 so far during the day. The stock had hit a 52-week high of Rs 969 on
The state-run zinc producer has an equity capital of Rs 422.53 crore. Face value per share is Rs 10.
At the current price of Rs 568.60, the scrip trades at a PE multiple of 7.65, based on Q3 December 2007 annualised EPS of Rs 74.23.
The net profit of Hindustan Zinc declined 41.2% to Rs 785 crore on 33.2% fall in net sales to Rs 1658 crore in Q3 December 2007 over Q3 December 2006.
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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