Hind Zinc hits a new low
By
Ruma Dubey
about 6 years ago
Hindustan Zinc posted a disappointing set of numbers for Q3FY19 with a 4% (YoY) decline in net profit at Rs.2211 crore on a 2% drop in total income at Rs.6090 crore.
The company has stated that with the the ongoing ramp-up of underground mines, mined metal production is likely to be slightly higher than last year in line with the annual guidance provided earlier.
The market was nonetheless unhappy with the performance and the stock price hit a new 52-week low today at Rs.257.