Hindustan Zinc declines on registering 23% drop in Mined metal production in Q4FY14

Hindustan Zinc is currently trading at Rs. 133.00, down by 0.30 points or 0.23 % from its previous closing of Rs. 133.30 on the BSE. The scrip opened at Rs. 133.00 and has touched a high and low of Rs. 135.00 and Rs. 131.50 respectively. So far 63017 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.80 on 21-Jan-2014 and a 52 week low of Rs. 94.00 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 129.00 respectively. The current market cap of the company is Rs. 56196.74 crore. The promoters holding in the company stood at 64.92 % while Institutions and Non-Institutions held 33.35 % and 1.73 % respectively. Hindustan Zinc has registered 23% fall in Mined metal production at 200,000 MT in Q4FY14 as compared to 260,000 MT in corresponding quarter previous year. For the full year, the company’s production of Mined metal stood at 880,000 MT in FY 2013-14 as compared with 870,000 MT in FY13. Hindustan Zinc manufactures three qualities of zinc - special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc. It manufactures silver used in photographic material, conductor, jewellery, etc.