Hindustan Zinc soars 14% on higher reserves

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 8:47 PM IST

The stock touched a high of Rs 636. It finally ended up Rs 78 (14%) at Rs 607.

Around 377,030 shares changed hands at the counter today.

Updated at 1305 hrs

Hindustan Zinc has surged following news of exploration and surge in reserves.

The stock opened at Rs 541, up Rs 12. Thereafter it slipped to a low of Rs 536. But the stock gained strength after the announcement and surged to Rs 585, up over 10% from the previous close.

The stock is now up 7% at Rs 565. A total of 47,245 shares have been traded on the BSE so far.

According to a release to the BSE today, the reserves and resources of the company have increased by 20% to 272 million tonnes from 226 million tonnes.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 07 2009 | 4:11 PM IST

Next Story