Hindustan Zinc Stock Gains 3.61% and Outperforms Sector on October 30, 2024

Hindustan Zinc, a leading player in the metal - non ferrous industry, has seen a positive trend in its stock performance on October 30, 2024. The stock gained 3.61% on this day, outperforming the sector by 0.98%. This marks the third consecutive day of gains for the company, with a total increase of 11.74% in this period.

The stock also reached an intraday high of Rs 569.95, showing a 3.59% increase. Hindustan Zinc's moving averages are currently higher than the 5 day, 20 day, 50 day, and 200 day moving averages, but lower than the 100 day moving average.

In the metal - non ferrous sector, Hindustan Zinc's performance has been in line with the overall trend, with a gain of 3.03%. Additionally, the company's current price offers a high dividend yield of 6.36%.

Comparing Hindustan Zinc's performance to the Sensex, the stock has outperformed with a 1 day gain of 3.88% while the Sensex saw a decline of -0.31%. In the past month, Hindustan Zinc has also outperformed the Sensex with a gain of 9.43% compared to the Sensex's -4.96% performance.

Overall, Hindustan Zinc's stock has shown a positive trend and is currently recommended as a 'Hold' by MarketsMOJO. With its strong performance in the metal - non ferrous industry and high dividend yield, Hindustan Zinc remains a promising choice for investors.