Hindustan Zinc Ltd Sees 5.2 Million Shares Traded Amid 4.6% Decline

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active equities today, with a total traded volume of 5,222,067 shares and a total traded value of approximately Rs 25,822.08 lakhs. The stock opened at Rs 512.7, reaching a day high of Rs 513.45 before experiencing a decline, closing at Rs 494.4. This marks a decrease of 3.66% for the day, following two consecutive days of gains.
The stock touched an intraday low of Rs 488.7, reflecting a drop of 4.6%. Despite this downturn, Hindustan Zinc remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term. The broader sector, however, has faced challenges, with the Non-Ferrous Metals sector declining by 3.37%.

Notably, investor participation has increased, with delivery volume rising by 128.65% compared to the 5-day average, reaching 51.47 lakhs on October 9. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 7.86 crore based on 2% of the 5-day average traded value. Overall, Hindustan Zinc's performance today reflects a complex interplay of market dynamics within the sector.