Shares of Hindustan Zinc Ltd rose 2.20% to ₹420.30 after the company announced a Board meeting scheduled for March 10, 2025, to consider raising funds through the issuance of listed non-convertible debentures (NCDs) on a private placement basis. The move comes as the company explores avenues to strengthen its financial position while adhering to its borrowing limits and regulatory approvals.
In an official exchange filing, Hindustan Zinc stated that the Committee of Directors will evaluate proposals for raising funds through NCDs, subject to market conditions and approvals from stock exchanges and other regulatory authorities. This proposal aligns with a resolution passed during the Board of Directors’ meeting on January 28, 2025.
The company’s stock has been fluctuating in recent months, hitting a 52-week high of ₹807.90 on May 22, 2024, while recording a 52-week low of ₹285 on March 15, 2024. The latest development has sparked positive investor sentiment, contributing to the stock’s recent upward momentum.
With a market capitalization of ₹1.78 trillion, Hindustan Zinc remains a key player in the metals and mining sector. The company’s P/E ratio stands at 18.94, and it offers an attractive dividend yield of 8.32%, making it a strong consideration for investors seeking stable returns.
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