Latest news with #HindustanZincLtd
Business Standard
a day ago
- Business
- Business Standard
Hindustan Zinc Ltd soars 4.33%, rises for third straight session
Hindustan Zinc Ltd is quoting at Rs 524, up 4.33% on the day as on 12:49 IST on the NSE. The stock is down 21.75% in last one year as compared to a 7.96% gain in NIFTY and a 3.17% gain in the Nifty Metal index. Hindustan Zinc Ltd rose for a third straight session today. The stock is quoting at Rs 524, up 4.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.43% on the day, quoting at 25109.55. The Sensex is at 82487.47, up 0.36%. Hindustan Zinc Ltd has added around 20.47% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has added around 6.41% in last one month and is currently quoting at 9406.45, up 0.84% on the day. The volume in the stock stood at 97.12 lakh shares today, compared to the daily average of 35.77 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 519.6, up 2.92% on the day. Hindustan Zinc Ltd is down 21.75% in last one year as compared to a 7.96% gain in NIFTY and a 3.17% gain in the Nifty Metal index. The PE of the stock is 20.51 based on TTM earnings ending March 25.
Mint
2 days ago
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 9 June
Stocks to trade today, recommended by Trade Brains Portal for 9 June REC Ltd Current price: ₹414 Target price: ₹520 (12 months) Stop-loss: ₹360 Why it's recommended: Rural Electrification Corp. Ltd (REC Ltd), a leading 'Maharatna' company, is registered as a non-banking financial company (NBFC), public financial institution (PFI), and infrastructure financing company (IFC). REC provides financing across the power infrastructure spectrum—including generation, transmission, distribution, and renewables—as well as for emerging technologies such as electric vehicles, battery and pump storage, green hydrogen, and green ammonia projects. The company has also diversified into non-power infrastructure sectors, including roads and expressways, metro rail, airports, IT and communications, social and commercial infrastructure (such as hospitals and educational institutions), ports, and electro-mechanical (E&M) projects across sectors like steel and refineries. In FY25, REC's disbursements rose 18% year-on-year to ₹1,91,185 crore, up from ₹1,61,462 crore in FY24. It reported its highest-ever loan book at ₹5.67 lakh crore, an 11% YoY increase, and record net profit of ₹15,713 crore, up 12% YoY. Net interest income rose 27% to ₹19,878 crore, while total income increased 19% YoY to ₹55,980 crore. The company's asset quality continues to improve. Earnings per share for FY25 stood at ₹59.55, with total dividends of ₹18 per share, marking a 180% rise. REC's net interest margin improved by 6 basis points YoY to 3.63% in FY25 and is projected to remain in the 3.5–3.75% range for FY26. It aims to disburse ₹2–2.1 lakh crore in FY26 and reach a loan book of ₹10 lakh crore by FY30, targeting a 12% CAGR. Prepayments are expected to remain at around ₹1 lakh crore annually. Over the next 2–3 years, transmission and smart metering projects are expected to provide ₹1.1 lakh crore in new opportunities, with 11 crore smart meters alone representing a ₹45,000–50,000 crore opportunity. REC currently holds a book value of ₹58,000 crore and aims to disburse ₹3 lakh crore in renewables by 2030. Its five-year Revolving Bill Payment Facility targets disbursements of ₹80,000–90,000 crore in FY26. EPC contracts have been completed, and payment flows are expected to pick up in FY26. Risk factors: The company is exposed to financially weak clients, particularly state power utilities. It also faces client concentration risk, with 36% of its loan book concentrated as of 31 December 2024. Additionally, REC is susceptible to technological shifts, regulatory changes, and evolving customer behavior. Read this | For steel companies, Q4 was an inflexion point as prices, demand firm up Hindustan Zinc Ltd Current price: ₹502 Target price: ₹630 (12 months) Stop-loss: ₹438 Why it's recommended: Founded in 1966 and part of the Vedanta group, Hindustan Zinc Ltd is the world's largest integrated zinc producer and among the top five global silver producers. The company supplies to over 40 countries and commands a dominant 77% share of India's primary zinc market. With a mine life exceeding 25 years, it holds reserves and resources (R&R) of 453.2 million tonnes, with an average zinc-lead grade of 6.5%. It also launched EcoZen, Asia's first low-carbon 'green' zinc brand. In FY25, the company recorded its highest-ever mined metal production at 1,095 kt and refined metal output at 1,052 kt. Domestic zinc sales reached a record 603 kt, reinforcing its leading market position. Metal reserves exceeded 13.1 Mt (net of 1.2 Mt production), and total metal R&R now stands at 29.6 Mt. Hindustan Zinc posted robust financials in FY25, with revenue rising 18% YoY to ₹34,083 crore, up from ₹28,932 crore in FY24. EBITDA grew 28% YoY to ₹17,465 crore, reflecting an industry-leading margin of 51%. Profit after tax (PAT) stood at ₹10,353 crore, up 33% from ₹7,759 crore in FY24. Free cash flow from operations (pre-capex) reached ₹13,784 crore, and return on capital employed hit a record 58%. With a well-defined capex plan, the company expects to sustain strong performance in FY26. Mine metal production is targeted at 1.125 million tonnes, with refined metal production at 1.1 million tonnes. Refined silver output is projected between 700 and 710 tonnes, while zinc production costs are expected to range between $1,025 and $1,050 per tonne. Approved growth capex projects are expected to require $225–250 million. The company also plans to commission its Roaster project in Q1 FY26, which will process 160,000 tonnes of zinc ore annually. Risk factors: Hindustan Zinc is exposed to the cyclical nature of demand in the galvanized steel industry, which accounts for 70% of zinc consumption in India. As a capital goods-oriented business, it is heavily reliant on end-user industries such as automotive, consumer durables, batteries, home appliances, construction, and infrastructure. Zinc also faces substitution risk from metals like aluminium and other alloys. Additionally, the company faces regulatory and geographic concentration risks, with most of its production located in Rajasthan. Read this | These three large-cap stocks are trouncing the Sensex in 2025—so far Best stocks to buy today, recommended by NeoTrader's Raja Venkatraman POLYCAB: Buy CMP and dips to ₹6,000 | Stop: ₹5,950 | Target: ₹6,525-6,700 BORORENEW: Buy CMP and dips to ₹542 | Stop: ₹525 | Target: ₹615-630 DALBHARAT: Buy above ₹2,120 and dips to ₹2,090 | Stop: ₹2,070 | Target: ₹2,250-2,325 Two stock recommendations for today, 9 June, by MarketSmith India: KEI Industries Ltd (current price: 3747.8) Why it's recommended: Strong market position, diversified revenue streams, strong product portfolio, and innovation Key metrics: P/E: 49.96 | 52-week high: ₹5,039.70 | Volume: ₹158.97 crore Technical analysis: Reclaimed 200 EMA Risk factors: Raw material price fluctuations, competitive pressure Buy at: ₹3,747.8 Target price: ₹4,290 in three months Stop loss: ₹3,490 Also Read: United Spirits is on a high after RCB's IPL win, JP Morgan upgrade and UK FTA. Can it keep buzzing? Bajaj Housing Finance (current price: ₹125.66) Why it's recommended: Strong market position, strong financial performance Key metrics: P/E: 174.44, 52-week high: ₹ 188.50, volume: ₹ 262.89 crore Technical analysis: Reclaimed 100-EMA Risk factors: Interest rate risk, regulatory risks, macro-economic risks Buy at: ₹125.66 Target price: ₹150 in three months Stop loss: ₹115 Top 3 stocks to buy today, recommended by Ankush Bajaj ICICI Lombard General Insurance Company Ltd (ICICIGI) — current price: ₹2,006.20 Why it's recommended: The stock has recently broken out of an inverse head-and-shoulders pattern on the daily chart, indicating a strong bullish reversal. It is trading well above its key moving averages, confirming an established uptrend. The breakout was supported by a sharp increase in volume, and the RSI is above 55, trending higher. The MACD has given a bullish crossover, reinforcing momentum. If ICICIGI holds above the breakout level of ₹1,950, it is likely to continue its upward move toward ₹2,100–2,120 in the short term. Key metrics: Resistance level: ₹2,100–2,120 (short-term target range) Support level: ₹1,950 (pattern invalidation level) Pattern: Inverse head-and-shoulders breakout on the daily chart RSI: Above 55, rising, indicating strengthening momentum Technical analysis: ICICIGI's recent breakout from the neckline level of ₹1,913 signals a bullish move. The structure is validated by strong volume and a clear uptrend on both daily and intraday charts. If the stock maintains levels above ₹1,950, it could move higher to test the ₹2,100–2,120 zone over the next 4–5 trading days. Risk factors: A sustained fall below ₹1,950 would invalidate the breakout and may lead to short-term correction. Broader market volatility or sectoral weakness could also impact price movement. Buy at: ₹2,006.20 Target price: ₹2,100–2,120 in 4–5 days Stop loss: ₹1,950 Muthoot Finance Ltd (MUTHOOTFIN) — current Price: ₹2,446.20 Why it's recommended: The stock has confirmed an ascending triangle breakout on the daily chart, which typically signals trend continuation. It broke past the critical resistance at ₹2,435 with strong bullish candles and higher volume. RSI is above 70, indicating strong momentum, and MACD is showing a bullish trajectory. The breakout has also been confirmed on lower timeframes with consolidation and follow-through buying. Key metrics: Resistance level: ₹2,520–2,550 (short-term target range) Support level: ₹2,380 (pattern invalidation level) Pattern: Ascending triangle breakout on the daily chart RSI: Above 70, indicating bullish strength despite slightly overbought territory Technical analysis: Muthoot Finance is trading in a strong uptrend after breaking out from a two-month consolidation zone. The breakout suggests continuation toward ₹2,520–2,550 in the short term, provided it sustains above ₹2,435. Strong buying momentum and a bullish chart structure support the near-term target. Read this | Are Muthoot Finance investors worried about falling gold prices? Risk factors: A break below ₹2,380 could invalidate the breakout and trigger short-term weakness. A sudden reversal in market sentiment could also affect performance. Buy at: ₹2,446.20 Target price: ₹2,520–2,550 in 4–5 days Stop loss: ₹2,380 IIFL Finance Ltd (IIFL) — current price: ₹451.05 Why it's recommended: The stock has given a triangle breakout on the lower timeframes and closed decisively above the major resistance level of ₹440. This breakout is a strong technical signal indicating bullish continuation. The breakout is backed by strong price action and momentum indicators. The RSI on the daily chart is trading above 80, reflecting strong buying strength, and the MACD is on the buy side, supporting the ongoing uptrend. The stock shows follow-through buying and a strong structure across both intraday and daily charts. Key metrics: Resistance level: ₹465–470 (short-term target range)Support level: ₹443 (pattern invalidation level) Pattern: Triangle breakout on the lower timeframe with confirmation on daily close RSI: Above 80 on the daily chart, signalling aggressive bullish momentum Technical analysis: IIFL Finance has confirmed a breakout above its key resistance level of ₹440 with a strong close at ₹451.05. The breakout structure is supported by a high RSI and a bullish MACD crossover, indicating sustained buying interest. The stock is poised to test the ₹465–470 range in the coming 4–5 sessions if it holds above the breakout zone. Risk factors: A close below ₹443 would invalidate the bullish breakout and may lead to short-term correction or profit booking. A broader market pullback may also affect the stock's momentum. Buy at: ₹451.05 Target price: ₹465–470 in 4–5 days Stop loss: ₹443
Time of India
4 days ago
- Business
- Time of India
Hindustan Zinc says committed to reduce freshwater consumption by 50 pc by 2030
Vedanta Group firm Hindustan Zinc Ltd (HZL) on Friday said it is committed to bring down freshwater consumption by 50 per cent by 2030 across its operations. "The company has committed to reducing its freshwater consumption by 50 per cent by 2030 across its operations from the 2020 baseline, thereby contributing to increased freshwater availability for communities within the shared watershed," HZL said in a statement. Additionally, the company has also committed to securing 100 per cent low-quality water for its smelting operations. "With our Sustainability Goals 2030, we are reinforcing our pledge to create long-term value through sustainable business practices that shape a resilient future for all," HZL Chairperson Priya Agarwal Hebbar said. Earlier this year, the company inaugurated a 4,000 kilolitres per day zero liquid discharge plant at Rampura Agucha (Rajasthan), home to the world's largest underground zinc mining operations. Live Events Hindustan Zinc Ltd has turned 3.32 times water positive. This leap from the previously certified index of 2.41 demonstrates the company's continued commitment to responsible water stewardship, the statement said. Hindustan Zinc Ltd, a Vedanta Group company, is the world's largest integrated zinc producer and is amongst the top five silver producers globally. PTI
Time of India
5 days ago
- Business
- Time of India
Vedanta ramps up RE power capacity to 1.03 GW
Vedanta Ltd on Wednesday said it has increased its renewable energy power capacity to 1.03 GW and is on track to achieve 2.5 GW of green energy by 2030. The company has ramped up its renewable energy round-the-clock equivalent power capacity to 1.03 GW through power delivery agreements, according to a statement. The goal of achieving 2.5 GW of green energy by 2030 is aimed towards the ambitious target of achieving net-zero emissions by 2050 or sooner, the statement said. "The 1 GW renewable energy will potentially enable Vedanta to mitigate more than 6 million tonnes of carbon emissions annually. This is roughly equivalent to carbon sequestration by nearly 350 million trees annually," it added. The renewable energy projects include a mix of wind, solar and pump storage technologies. "Our integrated approach to resource management and sustainability is central to Vedanta's vision of transforming for a sustainable future. As the Indian economy expands, Vedanta is undergoing a transformation that will support the rapidly growing needs of the economy. "By expanding our production of critical minerals and investing in renewable energy, we are powering global efforts to combat climate change," Priya Agarwal Hebbar, Non-Executive Director, Vedanta Ltd and Chairperson Hindustan Zinc Ltd , said. Vedanta Limited is a global leader in critical minerals, energy and technology, operating a diverse portfolio of world-class assets. It is the world's largest integrated producer of zinc, the fourth-largest global producer of silver, amongst the world's top aluminium producers, India's only private oil and gas producer, and one of its largest private power producers.
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Business Standard
6 days ago
- Business
- Business Standard
Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030
Indian mining and metals firm Vedanta Ltd on Wednesday said it has increased its renewable energy power capacity to 1.03 GW. The company said it is on track to achieve its goal of reaching 2.5 GW of clean energy by 2030. According to a statement, the company has ramped up its round-the-clock equivalent renewable power capacity to 1.03 GW through power delivery agreements. Vedanta stated that it aims to achieve net zero carbon emissions by 2050 or sooner. Emission mitigation potential and technologies used 'The 1 GW renewable energy will potentially enable Vedanta to mitigate more than 6 million tonnes of carbon emissions annually. This is roughly equivalent to carbon sequestration by nearly 350 million trees annually,' the company said. Vedanta has adopted a combination of wind, solar, and pump storage technologies for its renewable energy projects. Focus on sustainability and growth Priya Agarwal Hebbar, non-executive director, Vedanta Ltd and chairperson, Hindustan Zinc Ltd, said, 'Our integrated approach to resource management and sustainability is central to Vedanta's vision of transforming for a sustainable future.' 'As the Indian economy expands, Vedanta is undergoing a transformation that will support the rapidly growing needs of the economy. By expanding our production of critical minerals and investing in renewable energy, we are powering global efforts to combat climate change,' she added.
