Hindustan Zinc shares have been soaring, reaching a record peak and experiencing a nearly 90% increase in FY25 so far. The company’s market capitalisation has surpassed Rs 2.44 lakh crore, making it the most valued metals and mining firm in the market, surpassing giants like Tata Steel, JSW Steel, and Hindalco.
On Monday, shares of Hindustan Zinc surged more than 10 percent, closing at Rs 578.85 on the BSE. During the day, the stock rallied to a record high of Rs 585.90, marking an 11 percent increase. Similarly, at the NSE, the shares soared by 10.19 percent to Rs 579.10, hitting a lifetime high of Rs 586, up 11.51 percent.
The company’s stock has seen an impressive 90% growth since the beginning of FY25, with its market valuation surpassing Rs 2 lakh crore on May 10th. This rally in shares can be attributed to the positive global trends in the commodities cycle, enhancing Hindustan Zinc’s performance in the market.
Moreover, Hindustan Zinc recently approved an interim dividend of Rs 10 per equity share for FY25, amounting to Rs 4,225.32 crore, with a record date set for May 15th. The company’s strong operational performance in FY24, becoming the world’s third-largest silver producer, has also contributed to its success in the market.
Overall, Hindustan Zinc’s growth trajectory and impressive financial performance have positioned it among the top 35 companies on the domestic stock exchange based on market capitalization, showcasing its potential and ability to deliver consistent value to shareholders.
