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Business Standard
2 hours ago
- Business
- Business Standard
Hindustan Zinc, MCX shares gain up to 9% as Silver prices hit record high
Hindustan Zinc share price, MCX share price: Shares of Hindustan Zinc (Hind Zinc) and Multi Commodity Exchange (MCX) extended gains on Friday, June 6, as silver prices soared to record highs. The two stocks have rallied up to 9 per cent over the past two sessions on the BSE. Hindustan Zinc today rose 3.04 per cent to hit an intraday high of ₹507.10, while MCX jumped 5.21 per cent to ₹7,472.80. Cumulatively, the stocks have gained 7.02 per cent and 8.61 per cent, respectively, over the past two trading days. Why are Hindustan Zinc, MCX shares rising? The rally in these stocks followed a sharp uptick in silver prices, which continued to rise after reaching a new record high on June 5. In India, silver prices today jumped by about ₹3,000 to ₹1,07,000 per kilogramme, up from ₹1,04,100 in the previous session. The surge is driven by heightened global economic uncertainty and increased safe-haven demand. On Thursday, silver had touched an all-time high of around ₹1,04,100 per kilogramme in the national capital. Hindustan Zinc, notably India's only and the world's third-largest silver producer with an annual capacity of 800 metric tonnes (MT), stands to benefit from the rally in silver prices. However, silver production by Hindustan Zinc had fallen 7 per cent year-on-year (Y-o-Y) to 177 MT, from 189 MT in the same quarter a year ago (Q4FY24). Hindustan Zinc, MCX Q4 results Hindustan Zinc delivered a strong performance in Q4 FY24-25, reporting its highest-ever fourth-quarter revenue at ₹9,087 crore, marking a 20 per cent year-on-year (Y-o-Y) growth. Ebitda rose 32 per cent Y-o-Y to ₹4,816 crore with Ebitda margin of approximately 53 per cent, up nearly 500 basis points Y-o-Y. The company also posted its best-ever Q4 profit after tax at ₹3,003 crore, up 47 per cent Y-o-Y. Notably, it achieved a 16-quarter low in zinc cost of production at $994 per metric tonne, improving 5 per cent Y-o-Y. Multi Commodity Exchange (MCX), too, saw robust growth in Q4, with total income rising ~61 per cent Y-o-Y to ₹320.49 crore. Operating income surged to ₹291.33 crore, while Ebitda and PAT margins stood at an impressive 59 per cent and 42 per cent, respectively. Net profit rose to ₹135.46 crore, up from ₹87.87 crore in the same period last year. The Exchange saw a 94 per cent Y-o-Y jump in Options' notional average daily turnover (ADT) to ₹2,20,936 crore. Gold and silver deliveries totaled 1.46 tonnes and 174.26 tonnes, respectively, and 19,397 tonnes of base metals were delivered through the Exchange. MCX also recorded its highest-ever daily turnover at ₹5,83,572 crore on April 30, 2025. At 11:40 AM, Hindustan Zinc was trading 1.30 per cent higher at 498.50, while MCX was 5.09 per cent at 7464. In comparison, BSE sensex was trading 0.85 per cent higher at 82,131.61 levels.
Hindustan Times
a day ago
- Business
- Hindustan Times
Ancient Wisdom, Modern Business: India's Path to Corporate Sustainability
Long before climate conferences and carbon credits, India demonstrated sensitivity towards the environment and the planet. Our ancient Sanskrit texts, over 3,000 years old, were not environmental manifestos in the modern sense. However, they conveyed a clear understanding: that the Earth is a stakeholder, not merely a resource. The Vedas describe a natural order governing the universe, capturing the principle balance in nature, and the idea that disrupting it can lead to suffering. This concept aligns with what is called sustainability today. With this ancient knowledge and the unprecedented economic growth, India is poised to be a leader and demonstrate to the world that prosperity and protecting the planet can be complementary goals. In today's global economy, corporations are assessed not only by their profits, but also by their impact. With their considerable resources, influence, and reach, businesses carry significant responsibility to work towards a sustainable future. Environmental stewardship is imperative, and supports growth and profitability. Corporations are encouraged to lead with intention, prioritising long-term sustainability over short-term gain, and recognising that their fortunes are tied to the health of the ecosystems around them. In taking accountability for their environmental footprint, businesses can encourage broader change across industries, communities, and policymakers. Effective environmental leadership involves intention, transparency, and long-term perspective. It encourages businesses to move beyond mere compliance towards proactive transformation, including setting carbon reduction goals, investing in green innovation, and ensuring responsible resource use. This responsibility can be viewed as an opportunity to future-proof operations, attract consumers, and influence industry-wide practices. When corporations embrace this mandate with sincerity, they can become catalysts of global climate action. At Vedanta, we draw inspiration from India's civilizational ethos, ensuring that sustainability is a cornerstone of our business decisions. With this, in a hard to abate industry, we have mitigated 28 million tonnes of carbon since FY23. Investments in renewable energy are central to Vedanta's strategy, with the company having secured renewable energy equivalent power capacity to 1.03 GW (gigawatt) through power delivery agreements. The introduction of India's only low-carbon metals like Restora, Restora Ultra (Aluminium) and EcoZen (Zinc) further demonstrates the company's focus on decarbonisation. Water conservation is another key area for Vedanta. Hindustan Zinc, a subsidiary, has been certified as a 2.41 times Water Positive Company, indicating its efforts in water recycling and replenishment. Such initiatives align with the Vedic principle of living in harmony with natural resources, ensuring their availability for future generations. Biodiversity preservation is also part of Vedanta's sustainability agenda. The company is committed to planting 7 million trees and has completed 3 million - aiming for a Net Positive Impact on ecosystems. Projects like the Miyawaki forests and mangrove plantations are intended to help sequester carbon and restore habitats. As a global collective, preserving our environment and planet will be more readily achieved when it is seen not as an imposition or an added cost, but as an integral part of operations and daily life. Businesses have a crucial role in this by making environment-friendly products and services economically viable to encourage widespread adoption. Continuous investment in technology can provide opportunities and solutions. We are already seeing results. On World Environment Day, it is important to emphasise that supporting the well being of people and the planet is essential. Businesses, governments, and civil society should collaborate to achieve this goal. India, as a growing economy with an inherent regard for nature, is well positioned to demonstrate an alternative approach to development. Note to the Reader: This article is part of Hindustan Times' promotional consumer connect initiative and is independently created by the brand. Hindustan Times assumes no editorial responsibility for the content.
Business Upturn
a day ago
- Business
- Business Upturn
Hindustan Zinc shares jump over 4% today as silver prices hit 12-year high
By Aditya Bhagchandani Published on June 5, 2025, 14:58 IST Shares of Hindustan Zinc surged 4.07% today to close at ₹487.05 on the NSE, gaining ₹19.05 from the previous close of ₹468.00. The sharp uptick in the stock price came as global silver prices soared past $35 per ounce—marking the highest level since October 2012. The rise in silver prices follows fresh concerns over the US economy. Data released on Wednesday showed a sharp slowdown in private-sector job growth, with the ADP report revealing just 37,000 new jobs in May—the lowest in more than two years. Additionally, the ISM services PMI contracted, indicating economic pressure and rising costs, further worsened by new tariff measures. These indicators led investors to flock to safe-haven assets, driving up prices of precious metals. Hindustan Zinc, considered one of the few silver plays on Indian exchanges, was a key beneficiary of the rally. The company has significant exposure to silver production, making it a proxy bet for investors seeking to gain from the precious metal's surge. At current levels, Hindustan Zinc commands a market capitalization of ₹2.04 lakh crore, with a dividend yield of 7.26% and a P/E ratio of 19.68. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
3 days ago
- Business
- Business Standard
Market slips into negative terrain; metal shares climb
The key benchmark indices traded with modest losses in mid-morning trade amid global trade tensions. Market participants will closely monitor domestic economic indicators and global trade development. The Nifty traded around the 24,600 level. Metal shares rally after declining in the past two consecutive trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 443.70 points or 0.55% to 80,923.84. The Nifty 50 index fell 118.05 points or 0.47% to 24,600.40. In the broader market, the S&P BSE Mid-Cap index shed 0.15% and the S&P BSE Small-Cap index added 0.33%. The market breadth was positive. On the BSE, 1,987 shares rose and 1,740 shares fell. A total of 208 shares were unchanged. Buzzing Index: The Nifty Metal index added 0.59% to 9,182.35. The index fell 2.39% in the past two trading sessions. Lloyds Metals & Energy (up 6.01%), Hindustan Zinc (up 4.33%), Jindal Stainless (up 2.73%), National Aluminium Company (up 1.77%), NMDC (up 1.46%), Hindalco Industries (up 1.39%), Steel Authority of India (up 1.22%), Vedanta (up 0.89%), APL Apollo Tubes (up 0.87%) and Jindal Steel & Power (up 0.84%) advanced. Stocks in Spotlight: Larsen & Toubro (L&T) declined 1.35%. The company has announced that its water & effluent treatment (WET) vertical has secured significant orders from the Public Health Engineering Department of Rajasthan. RITES rose 0.86%. The company said that it has emerged as the lowest bidder (L-1) in a quality-cum-cost based selection (QCBS) tender floated by Gujarat Urban Development Company (GUDCL) for a project worth Rs 28.50 crore. Global Markets: US Dow Jones futures were down 156 points, signaling a weak start for Wall Street. Most Asian stocks advanced on Tuesday, tracking overnight gains across all three major U.S. stock indices, despite ongoing global trade tensions. South Korean markets remained closed due to polling day. China responded to U.S. allegations of violating a temporary trade agreement, stating that the United States had failed to uphold its side of the deal. The exchange highlights increasing strain in trade negotiations between the two countries. Separately, the European Union criticized U.S. President Donald Trump's proposal to raise steel tariffs to 50%, arguing that the move could disrupt ongoing EU-U.S. trade discussions. An EU spokesperson reportedly indicated that the bloc is prepared to implement countermeasures if necessary. China's Caixin/S&P Global manufacturing purchasing managers index (PMI) declined to 48.3 in May from 50.4 in April, marking its first drop below the 50-point threshold, indicating contraction, since September of the previous year. In the U.S., stock indices closed higher on Monday, supported by gains in technology stocks and a surge in the energy sector following a rise in oil prices. Domestic steel and aluminum stocks also climbed on expectations of benefits from potential tariff increases. The S&P 500 rose 0.41%, the Nasdaq Composite gained 0.67%, and the Dow Jones Industrial Average edged up 0.08%.
NDTV
3 days ago
- Sport
- NDTV
Zinc Football Academy Crowned Champions Of Rajasthan; Qualifies For I-League 3
Hindustan Zinc's Zinc Football Academy emerged Champions of the Rajasthan League Senior Men's A-division 2024-25 for the second time in four years. With the youngest squad in the league, boasting an average age of 18.3 years only, Zinc Football Academy enjoyed a fantastic 2024-25 season, going head-to-head against 10 competitive sides in Rajasthan and coming out on top. The Zawar-based Academy racked up 16 wins in 20 matches, scoring 70 goals and conceding only six throughout the season. The team also went on an unbeaten run of 13 straight matches and registered a whopping 16 clean sheets, underling their dominance at both ends of the pitch. Leading the charge up front was the prolific striker from Haryana Karan Beniwal, who finished as ZFA's top scorer with 16 goals to his name. Fellow teammate Ashish chipped in with 12 goals. In total, 17 different players found the back of the net during the campaign, highlighting the squad's depth, balance, and versatility. Established in 2017, Zinc Football Academy has been a game-changer in nurturing grassroots football talent from rural India. Based in Zawar, the AIFF-accredited 3-star academy has trained over 5,000 young footballers since its inception. With a sharp focus on excellence and holistic development, the academy has consistently produced promising players for the national stage. Notable players like Mohammed Kaif, Prem Hansdak, Sahil Poonia, and Ashish Mayla have already donned the Indian jersey, making their mark in international football. Speaking on the successful season, Arun Misra, CEO - Hindustan Zinc, said: "We are extremely proud of Zinc Football Academy's triumph in the league. As the youngest team, with most core players having been part of the Academy since its inception in 2018, this victory reflects Hindustan Zinc's long-term vision of empowering India's youth through sports. By identifying and nurturing grassroots talent, we aim to build the champions of tomorrow. We remain committed to creating pathways for young athletes to shine on national and global stages." Organised by Rajasthan Football Association, the two-month long league played in home-and-away format, started in April. After 20 intense matches, the trophy is back in Zawar. The RFA will now nominate ZFA for the I-League 3, which is the fourth tier of Indian Football. "I congratulate Zinc Football Academy on a fantastic season and am truly delighted to see the young players of this state-of-the-art Academy standing tall and competing fiercely against top teams from Rajasthan. Without a doubt, these talented youngsters represent the bright future of football in Rajasthan and across India. We wish them all the best," stated Dilip Singh Shekhawat, Secretary, Rajasthan Football Association. Hindustan Zinc, recognized as one of India's Top 10 social impact companies, strategically fosters sports excellence, health, and fitness to drive community development and nation-building. Supported by The Football Link as the Strategy and Implementation Partner, the Academy highlights Hindustan Zinc's commitment to grassroots excellence and the betterment of both Rajasthan and Indian football. Beyond football, Hindustan Zinc nurtures talent in athletics, kabaddi, and volleyball, creating structured pathways for growth at the grassroots level. Its flagship event, the Vedanta Zinc City Half Marathon, fondly known as India's Most Beautiful Marathon has put Udaipur on the global running map, promoting both tourism and a culture of fitness. Through these initiatives, Hindustan Zinc has positively impacted nearly 30,000 lives, reinforcing its dedication to empowerment and social transformation. Listen to the latest songs, only on
