Hindustan Zinc Faces Continued Stock Decline Amid Broader Non-Ferrous Metal Sector Pressure

Hindustan Zinc, a prominent player in the non-ferrous metal industry, has experienced a significant decline today, with shares dropping by 5.98%. This downturn marks the third consecutive day of losses for the stock, which has seen a total decline of 12.68% over this period. The stock opened with a notable gap down, losing 9.83% at the start of trading and reaching an intraday low of Rs 385.05.
In terms of performance metrics, Hindustan Zinc has underperformed relative to the broader market, with a one-day performance of -5.69% compared to the Sensex's decline of 3.05%. Over the past week, the stock has fallen by 12.56%, while the Sensex has decreased by 5.62%. Despite these recent challenges, Hindustan Zinc boasts a high dividend yield of 6.79% at its current price.

The non-ferrous metal sector as a whole has also faced pressure, declining by 6.55%. Hindustan Zinc is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its recent performance.