News for Hindustan Zinc Limited (HINDZINC.NS)

Hindustan Zinc expands renewable energy capacity to 530 MW, aiming for 70% reduction in carbon emissions by 2050.

Nifty metal settled with 2% gain. Tata Steel, Jindal Stainless, Hindsutan Zinc, Welspun Corp and JSW Steel among top gainers.

Hindustan Zinc Ltd had reported a 32 per cent rise in consolidated net profit for the quarter ended December 2024.

Indian markets closed lower on Thursday, erasing early gains as consumer stocks dragged indices down. Investors remained cautious ahead of the RBIs policy decision and global trade concerns. IT and pharma sectors gained, supported by lower US treasury yields.

Indian markets closed slightly lower as gains in financial and oil & gas stocks were offset by consumer sector declines. Investors remained cautious ahead of the RBI policy meeting, with expectations of a rate cut driving interest in rate-sensitive sectors.

The GIFT Nifty was trading near 24,200 in early trade on Friday. Shares of Hindustan Zinc Ltd., Varun Beverages, and NHPC Ltd. may react in Friday's session. The GIFT Nifty was trading 0.18% or 43 points higher at 24,193.00 as of 6:49 a.m.

Tamil Nadu Chief Minister MK Stalin vowed to block tungsten mining in Melur, Madurai, despite the Union Government granting rights to Hindustan Zinc Limited. The state assembly passed a resolution condemning the decision, citing environmental and heritage concerns. Stalin urged the Prime Minister to cancel the mining rights, emphasizing the state's disapproval and the public's anxiety.

Tamil Nadu's Assembly condemned the Union Government's decision to grant tungsten mining rights in Madurai district to Hindustan Zinc Limited. The state government argues the mine threatens a biodiversity heritage site and disregards their objections. Chief Minister M.K. Stalin has urged Prime Minister Modi to cancel the mining rights.

Jaipur (Rajasthan) [India] November 30: The Vedanta Pink City Half Marathon (VPCHM) 2024 is back with its landmark 9th edition on 15th December 2024 in Jaipur. Organized by Vedanta in collaboration with Any Body Can Run (ABCR), the marathon embraces the inspiring theme RunForZeroHunger, aiming to raise awareness and support for combating hunger and malnutrition. This highly anticipated event is expected to draw over 15,000 participants from across the country, including renowned personalities, making it a significant event on Jaipur’s calendar.

Jaipur (Rajasthan) [India], November 29: The Vedanta Pink City Half Marathon (VPCHM) 2024 is back with its landmark 9th edition on 15th December 2024 in Jaipur. Organised by Vedanta in collaboration with Any Body Can Run (ABCR), the marathon embraces the inspiring theme #RunForZeroHunger, aiming to raise awareness and support for combating hunger and malnutrition. This highly anticipated event is expected to draw over 15,000 participants from across the country, including renowned personalities, making it a significant event on Jaipur’s calendar.

Indian indices fell over 1% on Thursday, erasing prior gains, driven by profit-booking, concerns over foreign inflows, and weak corporate earnings. Analysts suggest mixed sentiment, with some maintaining a bullish short-term outlook for the Nifty, targeting 25,350.

India took a step towards self-reliance in critical minerals. The Mines Ministry announced winners for eight mineral blocks. Hindustan Zinc Limited, Vedanta, and Oil India were among the winners. These blocks, rich in phosphorite, graphite, and vanadium, are crucial for high-tech and green energy sectors.

The government's offer-for-sale for more than 4.75 crore Hindustan Zinc Ltd (HZL) shares to institutional investors over-subscribed on Wednesday, with institutional buyers putting bids worth close to Rs 3,400 crore. On the first day of the two-day OFS, bids came in for over 6.69 crore shares, which is 1.41 times the total of 4.75 crore shares on offer for institutional buyers.

Ventura Securities expects the overall trend to remain positive in Samvat 2081 and maintains a long-term bullish stance on Indian equities, citing the country's supportive domestic environment.

Stocks in focus: Buzzing stocks: Hindustan Zinc, Dr Reddy’s Lab, Zydus Life, RPower, Suzlon, Adani Enterprises, Jubilant Ingrevia, SpiceJet, Rathi Steel, Mankind Pharma, Shree Cement, JSW Cement, ITC, Aurobindo Pharma, Ashoka Buildcon

Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for October 3, 2024

Stock Market: Here is a list of stocks that will trade ex-date in the next week for several corporate actions, including dividends, and share buybacks

Indian equity indices ended Monday with mixed results. Gain in energy and metals stocks balanced by profit booking in financials left the Nifty 50 index slightly up and Sensex nearly unchanged. Analysts forecasted range-bound movement, noting crucial support and resistance levels.

Indian stock markets show modest gains driven by global cues, with Sensex at 80,465.67 and Nifty at 24,578.50.