Hindustan Zinc's Decline Mirrors Broader Market Volatility in Non-Ferrous Metals

Apr 09 2025 10:35 AM IST
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Hindustan Zinc, a key player in the non-ferrous metal sector, saw a notable decline on April 9, 2025, aligning with broader market trends. The stock is currently trading below key moving averages and has underperformed significantly over the past week, reflecting ongoing market volatility.
Hindustan Zinc, a prominent player in the non-ferrous metal industry, experienced a decline of 3.06% on April 9, 2025, reflecting broader market trends. The stock reached an intraday low of Rs 397.7, marking a decrease of 3.12%. This performance aligns closely with the non-ferrous metal sector, which also saw a drop of 3.09%.

Currently, Hindustan Zinc is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past week, the stock has underperformed significantly, with a decline of 13.48%, compared to the Sensex's drop of 3.65%.

Despite the recent downturn, Hindustan Zinc maintains a high dividend yield of 7.06%, which may appeal to income-focused investors. The broader market, represented by the Sensex, is also facing challenges, trading 4.85% away from its 52-week low and below its 50-day moving average. Overall, Hindustan Zinc's recent performance reflects the current volatility in the market and the non-ferrous metal sector.
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