Hindustan Zinc share price

Shares of Hindustan Zinc Ltd settled at ₹311, up by 0.13 per cent in Tuesday's trade.

State-backed Hindustan Zinc Ltd on Tuesday said the company's board has approved a fourth interim dividend of ₹26 per equity share for fiscal 2022-23. Shares of Hindustan Zinc Ltd settled at ₹311, up by 0.13 per cent in Tuesday's trade Hindustan Zinc declares fourth interim dividend of ₹26 per share, record date fixed1 min read .

The interim dividend will be paid to shareholders whose names appear on the register of members of the company or in the records of the depositories as ...

"The board of directors of the company in its meeting held on March 21 have approved a fourth interim dividend of Rs 26 per equity share i.e. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The record date for payment of the fourth interim dividend is set on March 29. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday. The consensus recommendation from 12 analysts for Hindustan Zinc is Sell. It has also surged over 13% in the last six months. The dividend outgo amounts to about Rs 10,985 crore. Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. The interim dividend will be paid to shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as of the record date. 1,300% on the face value of Rs 2 per share for the financial year 2022-23 amounting to Rs 10,985 crore," the company said in a filing. The interim dividend is 1,300% on a face value of Rs 2 per equity share. [Vedanta](/vedanta-ltd/stocks/companyid-13111.cms)group firm [Hindustan Zinc](/hindustan-zinc-ltd/stocks/companyid-11982.cms)rallied 5% to Rs 325.2 in Wednesday's trade on [BSE](/marketstats/pid-41,exchange-bse,sortby-value,sortorder-desc.cms)after the company announced a fourth interim dividend of Rs 26 per share for the current financial year.

Vedanta holds a 64.92% equity share of Hindustan Zinc ltd, which is an integrated producer of zinc, lead and silver. SPOTLIGHT.

MOST READ The Rajasthan-based company has long been a cash cow for Agarwal's Vedanta group, squeezing out rich dividends. The record date for the purpose of payment of fourth interim dividend is Wednesday, March 29, 2023," said the company in a stock exchange filing. The record date for the payment of dividend is March 29. 1300% on face value of Rs 2 per share for the Financial Year 2022-23 amounting to Rs 10985.83 crore.

By Malvika Gurung. Investing.com -- Shares of Hindustan Zinc (NS: HZNC ) surged 4.6% to Rs 325 apiece in early trade on Wednesday after the company's Board ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. [VDAN ](/equities/sesa-goa)) announced that its Board of Directors approved a fourth interim dividend of Rs 26/share on the face value of Rs 2 apiece for FY23, translating to 1,300% and aggregating to a total dividend amount of Rs 10,985.83 crore. [Zinc ](/commodities/zinc-futures)has now passed a total dividend of Rs 75.5/share for the ongoing financial year, taking the aggregate amount to a record Rs 32,000 crore. [HZNC ](/equities/hindustan-zinc)) surged 4.6% to Rs 325 apiece in early trade on Wednesday after the company’s Board meeting decision of declaring a fourth interim dividend for the financial year 2022-23.

Brokerage firm Investec believes that the bumper payout from Hindustan Zinc could well be its last, as its coffers are now empty. Hindustan Zinc ...

Citi has also maintained its Sell rating on Hindustan Zinc with a price target of Rs 260. The dividend announcement has come amidst lack of clarity on both the deal status, and the proposed OFS. The deal entails an immediate cash consideration of $2.4 billion to Vedanta Limited for sale of THL Zinc, Mauritius, with assets in Namibia and South Africa, with the balance $0.58 billion being paid later. As of the December quarter, the company had cash worth Rs 11,378 crore on its books. It had declared a dividend of Rs 27.5 in March 2017. The company's board on Tuesday announced an interim dividend of Rs 26 per share.

Hindustan Zinc has announced its fourth interim dividend for FY23. The Anil Agarwal-led company announced dividend of Rs 26 per share, totalling Rs 10,986 ...

RECOMMENDED Its dividend yield for now stands at 5.62 per cent. On the other hand, the government would also try to sell its stake," said Ravi Singhal, CEO at GCL. The dividend will eventually be paid to eligible shareholders on April 20. The dividend would be paid to those shareholders, whose names will appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares, as on Wednesday, March 29. The brokerage, as per a media report, said the stock is trading at 6.7 times one-year forward EV/Ebitda, which was higher than the average of 6.5 times since 2016. If the commodity cycle turns around, debt would rise. Recently, reports emerged that the Centre was upset about Vedanta's proposal to sell international zinc assets, as it felt the move would hinder and distort the government's plan to dispose its residual stake in Hindustan Zinc. Vedanta held 64.92 per cent stake in Hindustan Zinc as of December 31. But foreign brokerage Citi has suggested a 'sell' rating on the stock with a target of Rs 260 per share. Hindustan Zinc has announced its fourth interim dividend for FY23. "Hindustan Zinc looks weak from here.

The interim dividend will be paid to shareholders whose names appear on the register of members of the company or in the records of the depositories as ...

"The board of directors of the company in its meeting held on March 21 have approved a fourth interim dividend of Rs 26 per equity share i.e. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The record date for payment of the fourth interim dividend is set on March 29. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday. The consensus recommendation from 12 analysts for Hindustan Zinc is Sell. It has also surged over 13% in the last six months. The dividend outgo amounts to about Rs 10,985 crore. Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. The interim dividend will be paid to shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as of the record date. 1,300% on the face value of Rs 2 per share for the financial year 2022-23 amounting to Rs 10,985 crore," the company said in a filing. The interim dividend is 1,300% on a face value of Rs 2 per equity share. [Vedanta](/vedanta-ltd/stocks/companyid-13111.cms)group firm [Hindustan Zinc](/hindustan-zinc-ltd/stocks/companyid-11982.cms)rallied 5% to Rs 325.2 in Wednesday's trade on [BSE](/marketstats/pid-41,exchange-bse,sortby-value,sortorder-desc.cms)after the company announced a fourth interim dividend of Rs 26 per share for the current financial year.

Hindustan Zinc said the company will pay ₹26 per share as dividend to its shareholders. This is the fourth interim dividend the company has announced this ...

If prices continue to hold this gain, the prices can expect further upside traction towards ₹335 - 340 , immediate support is at ₹310," said Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One. [Mintgenie poll](https://mintgenie.livemint.com/stocks/hindustan-zinc-S0003378), 12 analysts recommend 'sell' rating on the stock. [Shares of Hindustan Zinc Ltd](https://mintgenie.livemint.com/stocks/hindustan-zinc-S0003378) jumped nearly 5% on Wednesday's early trade after the company declared fourth interim dividend of ₹26 per equity share on Tuesday.

Hindustan Zinc share price: Vedanta holds a 64.92 per cent stake in Hindustan Zinc, which is an integrated producer of zinc, lead and silver.

TRENDING The Rajasthan-based company has long been a cash cow for Anil Agarwal's Vedanta Group, squeezing out rich dividends. AR Ramachandran from Tips2trades said, "Hindustan Zinc looks bearish on the daily charts with strong resistance at Rs 324. If the commodities cycle turns around then debt can increase. Ganesh Dongre, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, said, "The stock has corrected sharply from its one-year high of Rs 383, hit on January 19 this year. So, traders can buy this stock with a stop loss of Rs 285-290 for the target price of Rs 350." Ravi Singhal, CEO, GCL, said, "Hindustan Zinc looks weak from here. Shares of Hindustan Zinc rose sharply in Wednesday's trade after declaring an interim dividend of Rs 26 per share. The stock surged 4.77 per cent to hit a day high of Rs 325.25 over its previous close of Rs 310.45. The company board has approved a fourth interim dividend of Rs 26 per equity share for the current fiscal (2022-23). The dividend of Rs 26 for each share with a Rs 2 face value would lead to an outgo of Rs 10,986 crore.

This takes the Anil Agarwal-led Hindustan Zinc's total payout to shareholders at a record ₹32000 crore this fiscal, making it among the top-dividend payers ...

The dividend payout is crucial to Vedanta Resources amid concerns over its ability to meet upcoming debt maturities. Rating agencies have flagged its ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Hindustan Zinc has declared an interim dividend of Rs 26 per share and the total outgo amounts to nearly Rs 11,000 crore. "If Hindustan Zinc is paying a dividend out of its operations, it should be welcomed, whatever its purpose may be. "Vedanta Resources has pre-paid all of its maturities due till March 2023 and has deleveraged by $2 billion in the past 11 months. The consensus recommendation from 12 analysts for Hindustan Zinc is Sell. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday. Rating agencies have flagged its ability to raise funding in times of liquidity crunch and capital-starved market. During FY22, Vedanta delivered an EBITDA of $6.1 billion and free cash flow (pre-capex) of $3.6 billion. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. In the past 12 months, Hindustan Zinc has paid an equity dividend of Rs 49.50 per share, which results in a dividend yield of 15.95%. [Vedanta](/vedanta-ltd/stocks/companyid-13111.cms)will garner about Rs 7,100 crore from its subsidiary [Hindustan Zinc](/hindustan-zinc-ltd/stocks/companyid-11982.cms)as part of its interim [dividend payout](/topic/dividend-payout)for the current financial year.