Based on the documents submitted by Hindustan Zinc to the Bombay Stock Exchange, the board approved an interim dividend of Rs 13 per share of Rs 2 face value for the financial year 2022-23. That means 650 percent dividend will be received per share. The total value of this interim dividend has been declared by the company as Rs.5,493 crores. It said that the third interim dividend will be paid in due course subject to the relevant law.
Alert for SBI customers! Rs.147 deducted from your account.. Do you know why?
Stock at 52-week high
The company’s stock hit a 52-week high in the last session after Hindustan Zinc announced its third interim dividend. It gained 4.57 percent intraday. It closed at Rs.377.55 on BSE. The stock touched a 52-week high of Rs.383. The lowest level is Rs.242. The market capitalization of this company is Rs.1,59,526.92 crore. This stock has given 9 percent gains in the past week itself. It has increased by 17 percent in the past month and 34 percent in three months. It gave a total return of 74 percent over a period of three years.
Reduced net profit..
2022, announced results for the quarter ended December 31 on Thursday. With losses of 20 percent, the net profit fell to Rs.2,156 crores. It said that the losses were due to heavy expenses and low revenue. The company showed a net profit of Rs 2,701 crore at the same time a year ago. The company said that the company’s revenue has decreased from Rs.7,841 crore to Rs.7,628 crore for the October-December quarter.
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