Hindustan Zinc Ltd's Stock Performance Shows Positive Trend in Non-Ferrous Metal Industry

Oct 08 2024 03:20 PM IST
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On October 8th, 2024, Hindustan Zinc Ltd's stock showed a positive trend, gaining 3.73% and outperforming the sector by 0.65%. This comes after two days of fall, suggesting a possible trend reversal. The stock also offers a high dividend yield of 7.08% and has outperformed the Sensex in the last 1 day and 1 month.

Hindustan Zinc Ltd, a leading player in the non-ferrous metal industry, saw a positive trend in its stock performance on October 8th, 2024. The stock gained 3.73%, outperforming the sector by 0.65%. This comes after two consecutive days of fall, indicating a possible trend reversal.

The stock touched an intraday high of Rs 513, showing a strong upward movement. However, it is currently trading lower than its 5-day, 50-day, and 100-day moving averages, but higher than its 20-day and 200-day moving averages.

In the non-ferrous metal sector, Hindustan Zinc Ltd's stock has gained by 3.08%, indicating a positive sentiment in the industry. At the current price, the stock also offers a high dividend yield of 7.08%.

In comparison to the overall market performance, Hindustan Zinc Ltd has outperformed the Sensex by 3.24% in the last 1 day and 4.88% in the last 1 month. This shows the company's strong performance and potential for growth in the future.

MarketsMOJO has given a 'Hold' call for Hindustan Zinc Ltd's stock, indicating a neutral stance. With its strong position in the non-ferrous metal industry and positive stock performance, Hindustan Zinc Ltd continues to be a key player in the market.
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