Hindustan Zinc Stock Declines -5.14% Despite Resilience in Long Term Performance

Hindustan Zinc, a leading player in the non-ferrous metal industry, saw a decline of -5.14% in its stock on November 4th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on its performance.

In terms of price, the stock underperformed the sector by -0.51% and touched an intraday low of Rs 529.4, a decrease of -5.26%. However, it is currently trading higher than its 20-day, 50-day, and 200-day moving averages, but lower than its 5-day and 100-day moving averages.

The non-ferrous metal sector as a whole has seen a decline of -4.08%, with Hindustan Zinc being no exception. Despite this, the stock offers a high dividend yield of 6.34% at its current price.

In comparison to the overall market performance, Hindustan Zinc's stock has seen a decline of -4.17% in the past day, while the Sensex has only seen a decrease of -1.15%. However, in the past month, the stock has outperformed the Sensex with a growth of 3.33% compared to the Sensex's decline of -3.52%.

Overall, Hindustan Zinc's stock has seen a decline in the short term, but has shown resilience in the long term. Investors may want to keep an eye on the stock's performance in the coming days.