Latest News | Hindustan Zinc Shares Rally for 6th Day; Jump over 164 Pc So Far in FY25

New Delhi, May 22 (PTI) Shares of Hindustan Zinc (HZL) have been on a rising spree for the sixth straight session on Wednesday, climbing nearly 38 per cent during this time, and hitting a fresh record high.

The stock climbed 4.13 per cent to settle at Rs 772.70 apiece on the BSE. During the day, it jumped 8.75 per cent to reach a record peak of Rs 807.

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On the NSE, it soared 4.18 per cent to finish at Rs 772.30 each share. In intra-day, the stock went up by 8.95 per cent to Rs 807.70 -- the lifetime high level.

Since May 14, the stock has zoomed 37.96 per cent on the BSE.

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The company's market valuation stood at Rs 3.26 lakh crore. The company's market valuation went past the Rs 2 lakh crore mark on May 10.

The stock has jumped over 164 per cent so far in FY25.

The firm is ahead of companies like JSW Steel, Tata Steel, and Hindalco in terms of market valuation.

Rally in the share was supported by the global upturn in the commodities cycle.

The company recently approved an interim dividend of Rs 10 per equity share for FY25, amounting to Rs 4,225.32 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)