Hindustan Zinc Faces Trend Reversal Amidst Broader Market Decline

Mar 21 2025 02:05 PM IST
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Hindustan Zinc experienced a decline on March 21, 2025, ending a streak of seven consecutive days of gains. The stock underperformed compared to its sector and is currently trading above some moving averages but below others. Despite the downturn, it has shown strong annual performance and offers a high dividend yield.
Hindustan Zinc, a prominent player in the non-ferrous metal industry, experienced a decline of 3.03% on March 21, 2025. This drop marks a notable trend reversal, as the stock had previously enjoyed seven consecutive days of gains. During today's trading, Hindustan Zinc reached an intraday low of Rs 442.6, reflecting a decrease of 3.02%.

In comparison to the broader market, Hindustan Zinc underperformed its sector, which saw a decline of 2.33%. The stock's performance metrics indicate that it is currently trading above its 5-day, 20-day, and 50-day moving averages, yet remains below its 100-day and 200-day moving averages.

Despite today's downturn, Hindustan Zinc boasts a high dividend yield of 6.36%. Over the past year, the stock has shown a robust performance, gaining 50.82%, significantly outpacing the Sensex, which has risen by 5.69% in the same period. However, in the year-to-date comparison, Hindustan Zinc's performance is nearly flat at -0.07%, while the Sensex has declined by 1.74%.
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