Hindustan Zinc Limited witnessed a significant surge of 4.6 percent in its shares during afternoon trade on April 3 following its announcement of the highest-ever quarterly refined metal production at 273 kilo tonnes (KT) in March, attributed to improved plant availability.
In the March quarter, mined metal production reached 299 KT, marking an 11 percent increase from the previous quarter. This growth was driven by a combination of enhanced mined metal grades and increased ore production across mines.
For the fiscal year FY24, mined metal production reached 1,079 KT, a 2 percent increase from the previous year, setting a new record driven by improved mined metal grades.
As of 01:02 pm, Hindustan Zinc’s stock was trading at Rs 328.25 on the NSE, showing a 3.99 percent increase from the previous close. Trading volumes were notably high, with 46 lakh shares changing hands, significantly surpassing the monthly and weekly averages of 6 lakh shares each.
