InvestorQ : Why have stock maekts turned positive on Hindustan Zinc?
Katherine Gonsalves made post

Why have stock maekts turned positive on Hindustan Zinc?

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rhea Babu answered.
4 weeks ago
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Hindustan Zinc Ltd, which is currently part of the Vedanta group, has reported 55.9% growth in net profits to Rs3,092 crore for Q1FY23. The boost came from higher metal and ore prices. Overall revenues from operations for the June 2022 quarter were up by 44.8% at Rs9,236 crore. The board of HZL approved formation of a 100% subsidiary that will demand at a comprehensive level. In addition, it will also set up a 500,000 TPA fertiliser plant to handle the domestic shortfall. Essentially, the higher metal prices on the London Metals Exchange (LME) boosted numbers.

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