Shares of copper producers Hindustan Copper, Hindalco and Hindustan Zinc rose up to 18 per cent in an otherwise weak market session.
Symbol: ZINC| Contract: Apr, 2021| Category: Metal
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During the quarter Hindustan Zinc's mined metal production for the quarter rose 9 per cent year-on-year to 238 kilo tonnes.
In the Base Metals Index, zinc carries a weightage of around 33.06 per cent, copper accounts for 29.81 per cent, nickel has 14.77 per cent weightage, lead, 12.88 per cent and aluminium, 9.48 per cent.
The company has seen a muted year in terms of commodity prices, with the benchmark three-month copper on the London Metal Exchange rising only 0.2 per cent, and zinc falling 1.8 per centthis year.
Revenue from operations fell 10 per cent to Rs 4,777 crore. However, mined metal production in the quarter rose six per cent.
The stock markets are likely to start Thursday's session on a flat note.
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Zinc's Latest Videos
IIFL's Outlook On Metal Stocks
Prefer Hindustan Zinc, JSW Steel Among Metal Stocks: IIFL
Bullish on Hindustan Zinc: Equinomics Research
Prefer Hindustan Zinc Over Hindalco for Long Term: G Chokkalingam
Positive on Select Metal Stocks: JM Financial
Metal demand remains weak: Nirmal Bang
Expect Nifty to remain range-bound: ICICI Securities
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|CRUDE PALM OIL||30-04-2021||4.28%|
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