Hindustan Zinc Shares Jumped by 4 Percent

Vedanta Group firm Hindustan Zinc surged by 4 per cent in the early trade on BSE on Monday, buoyed by a smart rise in its mined metal and refined zinc production for the quarter ended March 31, 2011.

The company shares jumped by 4 percent to Rs 149 on the Bombay Stock Exchange (BSE). In a similar fashion, the scrip was trading 3.68 per cent up at Rs 149 a piece on National Stock Exchange. In terms of volume, over 27 lakh shares of the company changed hands on the two bourses within the first two hours of the trade.

The company's mined metal production increased by 19 per cent at 2.31 lakh tonnes in the fourth quarter and 9 per cent at 8.4 lakh tonnes for the year ended March 31, 2011.

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