Hindustan Zinc declines on reporting 13% fall in Q4 net profit

Hindustan Zinc is currently trading at Rs. 130.50, down by 1.70 points or 1.29% from its previous closing of Rs. 132.20 on the BSE. The scrip opened at Rs. 131.40 and has touched a high and low of Rs. 132.50 and Rs. 130.50 respectively. So far 32823 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. 134.00 and Rs. 128.20 respectively. The current market cap of the company is Rs. 55415.06 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 posted a fall of 13.14% in its net profit at Rs 1,881.20 crore for the quarter ended March 31, 2014 as compared to Rs 2,165.81 crore for the same quarter in the previous year. Total income of the company has decreased by 1.81% at Rs 4,231.34 crore for quarter under review as compared to Rs 4,309.69 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a marginal rise of 0.07% in its net profit at Rs 6,904.62 crore as compared to Rs 6,899.48 crore for the same period in the previous year. Total income has increased by 5.66% at Rs 15,535.43 crore for year under review as compared to Rs 14,703.03 crore for the period ended March 31, 2013.