Hindustan Zinc rose 0.71% to Rs 539 at 12:50 IST on BSE even as the company said it had cut its zinc prices by 4.6% or Rs 5,200 a tonnes to Rs 1.07 lakh per tonne with immediate effect.
The stock hit a high of Rs 541 and a low of Rs 524.50 so far during the day. The stock had a 52-week high of Rs 969 on
The company’s current equity is Rs 422.53 crore. Face value per share is Rs 10.
The current price of Rs 539 discounts its Q3 December 2007 annualized EPS of Rs 74.23, by a PE multiple of 7.26.
Lead prices were kept unchanged at Rs 1,31,200 per tonne, the company said in a statement.
Hindustan Zinc’s net profit 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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