Hindustan Zinc Stock Declines by -3.02% on October 25, 2024, Despite Strong Long-Term Outlook

Hindustan Zinc, a leading player in the non-ferrous metal industry, saw a decline of -3.02% in its stock price on October 25, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, Hindustan Zinc underperformed the sector by -1.56% on the day. This comes after three consecutive days of gains, suggesting a possible trend reversal. The stock touched an intraday low of Rs 521.25, showing a decline of -3.33%.

However, the stock is still performing well in the long term, with its moving averages higher than the 5-day, 20-day, 50-day, and 200-day averages. It is only lower than the 100-day moving average. In comparison, the non-ferrous metal sector has fallen by -3.05%.

Investors may also be interested in the high dividend yield of 6.49% at the current price of Hindustan Zinc. This could be a potential attraction for those seeking stable returns.

In terms of overall market performance, Hindustan Zinc's 1-day performance was -3.60%, while the Sensex's performance was -0.26%. In the past month, Hindustan Zinc has outperformed the Sensex with a 1.69% increase, while the Sensex has seen a decline of -6.24%.

Overall, Hindustan Zinc's stock performance has been mixed, with a recent decline but a strong long-term outlook. Investors may want to keep an eye on the company's performance in the coming days.