The shares of Hindustan Zinc, owned by Vedanta Group, have seen a boom today. The company’s shares have climbed 5 percent on Wednesday. The company has declared dividend
The shares of Hindustan Zinc, owned by Vedanta Group, have seen a boom today. The company’s shares have climbed 5 percent on Wednesday. After which the price of one share of Hindustar Zinc had reached an intra-day high of Rs 325.25 on the BSE. Let us inform, Vedanta Group has 64.90 percent stake in this company.
How much profit on one share?
The board meeting of Hindustan Zinc was held yesterday i.e. on Tuesday. In which the company had decided to pay a dividend of Rs 26 on 1 share. That means qualified investors will get 1300 percent profit. The company has fixed the record date for this dividend on March 29, 2023. Any investor whose name will remain in the record books of the company on this day will only get the benefit of this dividend.
In the last one week, the shares of the company have seen a gain of 10 percent. While the Sensex saw a rise of less than 1 percent during this period. Let me tell you, the government also has a stake in this company. The total government holding in Hindustan Zinc stood at 29.54 per cent as of the December quarter.
