Thursday, July 24, 2008

Hindustan Zinc drops after dismal Q1 results

Hindustan Zinc lost 4.36% to Rs 528 at 15:14 IST on BSE after posting 30.01% fall in net profit to Rs 847.81 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 563.90 and a low of Rs 525.05 so far during the day. The stock had a 52-week high of Rs 969 on 18 October 2007 and a 52-week low of Rs 462.50 on 2 July 2008.
The company has an equity capital of Rs 422.53 crore. Face value per share is Rs 10.
The current price of Rs 528 discounts its Q4 March 2008 annualised EPS of Rs 120.85, by a PE multiple of 4.37.
Hindustan Zinc’s total income declined 18.23% to Rs 1853.04 crore in Q1 June 2008 over Q1 June 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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