Hindustan Zinc Stock Declines by -7.2% Amidst Market Trends and Sector Performance

Hindustan Zinc, a leading player in the metal industry, has seen a decline of -7.2% in its stock on November 6, 2024. This has been reflected in the stock call given by MarketsMOJO, which is 'Hold'. The stock opened with a loss of -6.9% today and touched an intraday low of Rs 517.45, underperforming the sector by -1.36%.

Despite the recent dip, Hindustan Zinc's moving averages are still higher than the 50 day and 200 day moving averages. However, it is currently lower than the 5 day, 20 day, and 100 day moving averages. The metal - non ferrous sector as a whole has also seen a decline of -5.83%.

Investors may find some solace in the fact that Hindustan Zinc has a high dividend yield of 6.26% at the current price. However, it is important to note that this is not a recommendation and should not be taken as such.

In comparison to the Sensex, Hindustan Zinc's 1 day performance is -7.51%, while the Sensex has seen a positive performance of 0.43%. Over the past month, Hindustan Zinc's performance has been slightly better at -0.15%, while the Sensex has seen a decline of -2.29%.

Overall, Hindustan Zinc's recent stock performance has been affected by the overall market trends and the metal - non ferrous sector. Investors should keep an eye on the company's future performance and make informed decisions based on their own research and analysis.