Hindustan Zinc profit more than doubles to Rs 6,412 cr on higher prices

Hindustan Zinc reported Rs 6,412 cr, with movement of 76.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -0.3% on the day at ₹538.40, and has returned +4.1% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -3.1% over the same period, so Hindustan Zinc is running 7.2 points ahead of its peers.

For Hindustan Zinc, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.