Hindustan Zinc Faces 3.01% Decline Amid Broader Sector Challenges

Dec 30 2024 01:15 PM IST
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Hindustan Zinc has recently undergone a revision in its score, reflecting its current market challenges. The stock has been added to MarketsMojo's list, indicating a noteworthy evaluation amidst a bearish trend. Despite a significant decline in its performance, the company maintains a high dividend yield, attracting investor interest.
Hindustan Zinc, a prominent player in the non-ferrous metal industry, has experienced a notable decline in its stock performance, with a decrease of 3.01% recorded on December 30, 2024. The company's shares underperformed the sector, which saw an overall drop of 2.38%.

During the trading session, Hindustan Zinc reached an intraday low of Rs 442.1, reflecting a decrease of 2.73%. The stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.

In terms of dividend yield, Hindustan Zinc offers a high yield of 6.38% at its current price, which may appeal to income-focused investors. Over the past month, the company's stock has declined by 12.61%, significantly outpacing the Sensex's modest drop of 1.50%. As the market continues to navigate fluctuations, Hindustan Zinc's performance remains a focal point within the non-ferrous metal sector.
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