An analyst from Anand Rathi said that Vedanta is quoting significantly above its key moving averages at the present stage, highlighting the strength of the prevailing uptrend.
Vedanta’s planned demerger into separate listed entities focused on aluminium, zinc & silver, oil & gas, power, and iron & steel to unlock shareholder value.
As India's largest silver producer, Hindustan Zinc stands to benefit from the strong rally in the metal. The Vedanta subsidiary is known for processing refined silver with a minimum 99.9 per cent purity.
An analyst from YES Securities said that Hindustan Zinc has given a falling trendline breakout after a few days of retracement with recent price action showing renewed upward momentum.
SMIFS said that Coforge has given a strong breakout above the falling trendline that has been acting as resistance since July, indicating a shift in trend strength.
Hindustan Zinc: Revenue from operations rose 4 per cent YoY and 10 per cent quarter-on-quarter (QoQ) to Rs 8,549 crore, while EBITDA climbed 7 per cent YoY and 16 per cent QoQ to Rs 4,467 crore.
On Monday, Hindustan Zinc shares were trading 1.64 per cent higher at Rs 442.75. Vedanta shares were up 2.18 per cent at Rs 455.40.
Shares of Hindustan Zinc tanked 4.93 per cent to open at Rs 462.40 apiece on BSE. It later fell 6.2 per cent to hit a low of Rs 456.25 per share. Vedanta shares opened at Rs 463.60 apiece, up 1.02 per cent.
Vedanta held 2,67,95,48,419 shares or 63.42 per cent stake in HZL at the end of March quarter. DAM Capital and Citi are the brokers facilitating the transaction.
Vedanta Ltd is set to divest shares worth up to ₹7,500 crore in Hindustan Zinc Ltd through block deals, with the sale likely priced at a discount of up to 10% from the stock's last closing value.
Hindustan Zinc dividend : Record date for the purpose of interim dividend has been fixed at June 17.





