Hindustan Zinc's Stock Price Down by More Than 5% Today on News of Stake Sale by Vedanta
By Ankur Chandra | Updated at: Jun 18, 2025 10:44 AM IST
Mumbai, June 18: Hindustan Zinc Ltd (NSE: HINDZINC) witnessed a sharp decline in the early trade session on Wednesday and was trading at ₹461.45, down significantly by 5.12%, or ₹24.90 at around 10:00 A.M. The sharp decline follows the news of its parent Vedanta Ltd’s move to offload a 1.6% stake or 66.7 million equity shares at a floor price of ₹452.50 through block deals. DAM Capital Advisors and Citi are handling the deal. This transaction falls under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically dealing with off-market or block deal transactions by promoters.
As per December 31, 2024, data, Vedanta held a 63.42% stake in Hindustan Zinc.
Stock Performance Snapshot (as of 18 June 2025, 10:00 A.M IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹461.65 |
| Day’s High | ₹465.00 |
| Day’s Low | ₹452.50 |
| Previous Close | ₹486.35 |
| VWAP | ₹455.23 |
| Daily % Change | -5.98% |
| Traded Volume | 984.58 lakh |
| Traded Value | ₹4,482.11 cr |
Vedanta Block Deal Details
| Parameter | Value |
|---|---|
| Stake Sold | 1.6% |
| Equity Shares Offered | 66.7 million |
| Floor Price | ₹452.50 |
| Total Deal Size | ₹3,018 crore |
| Discount to Market Price | ~6.95% |
Market Depth & Order Book
Until 10:00 A.M, sell-side pressure remained high with Sell Quantity at 2.49 crore shares, significantly exceeding the Buy Quantity of 41.17 lakh shares.
| Bid Price (₹) | Bid Qty | Ask Price (₹) | Ask Qty |
|---|---|---|---|
| 457.20 | 1,206 | 457.25 | 15 |
| 457.15 | 5,099 | 457.30 | 1,835 |
| 457.10 | 202 | 457.35 | 3,180 |
| 457.05 | 3,686 | 457.40 | 4,264 |
| 457.00 | 45,467 | 457.45 | 32,751 |
Price Band And Volatility
| Metric | Value |
|---|---|
| 52-Week High | ₹717.00 |
| 52-Week Low | ₹378.15 |
| Upper Price Band | ₹534.95 |
| Lower Price Band | ₹437.75 |
| Daily Volatility (%) | 2.53 |
| Annualised Volatility (%) | 48.34 |
Corporate Background & Recent Moves
The company recently announced a substantial capital expenditure plan of ₹12,000 crore. This investment is allocated for establishing a 250 ktpa (kilo tonnes per annum) integrated smelter at Debari and for expanding its existing mines. Such investments are typically viewed as forward-looking moves to enhance future production capacity and market share.
On June 11, Hindustan Zinc declared an interim dividend of ₹10 per share, representing a 500% payout on its face value. This translates to a considerable total payout of ₹4,225 crore. The ex-dividend date for this payout was June 17, 2025.
What’s In The Future For Hindustan Zinc?
Hindustan Zinc’s nearly 5% drop reflects investor reaction to Vedanta’s block deal, which added significant selling pressure. While short-term sentiment may remain cautious due to stake dilution and heavy supply, the company’s long-term growth plans including a ₹12,000 crore capex and robust dividends could attract value investors once volatility subsides.
About Hindustan Zinc:
Hindustan Zinc Ltd, a subsidiary of Vedanta Ltd, is a leading integrated producer of zinc, lead, and silver in India. The stock is listed on NSE and BSE and is part of the NIFTY Midcap 100 index.
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