Hindustan Zinc recovers from 52-week low

The block deal constitutes 0.02% of Hindustan Zinc's equity.

Meanwhile, the S&P BSE Sensex was up 26.97 points or 0.14% at 18,771.90.

On BSE, 13.76 lakh shares were traded in the counter as against average daily volume of 1.37 lakh shares in the past one quarter.

The stock hit a low of Rs 106.90 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 111 so far during the day. The stock had hit a 52-week high of Rs 146.80 on 18 December 2012.

The stock had underperformed the market over the past one month till 16 April 2013, sliding 9.52% compared with the Sensex's 3.51% fall. The scrip had also underperformed the market in past one quarter, declining 18.35% as against Sensex's 5.41% fall.

The large-cap company has equity capital of Rs 845.06 crore. Face value per share is Rs 2.

Hindustan Zinc's net profit rose 26.6% to Rs 1612.54 crore on 14.3% growth in net sales to Rs 3140.43 crore in Q3 December 2012 over Q3 December 2011. The company announces FY 2013 results on 25 April 2013.

Hindustan Zinc is one of the world's largest integrated producers of zinc and lead. It is also one of the leading silver producers globally.

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