Hindustan Zinc Share Price: The stock price of Hindustan Zinc Limited saw a rise again today. Shares of the company rose over 5 percent on the BSE on Friday to Rs. reached the level of 683.95. The MoU is believed to be behind the increase in Hindustan Zinc Limited’s share price. This zinc producing company has said that they have signed an agreement with the American company AESir Technologies.
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What does the company do?
American company AESir Technologies manufactures next-generation zinc battery technology. These can be easily recycled. According to this MoU, Hindustan Zinc will supply zinc as well as other raw materials to AESir Technology.
Zinc based batteries are providing another modern and better energy storage solution. It is more capable for less money. Apart from this, its maintenance cost is also low. The life of this battery is up to 20 years.
The company received Rs. 243 crore in work, investors jumped into the stock, up 9%
Money doubles in 90 days
In the last 3 months, the share price of Hindustan Zinc has seen an increase of 126 percent. At the same time, the stock has managed to return 113 percent so far this year. Investors who have held shares of Hindustan Zinc for the past 5 years have made a profit of 194 percent so far.
The company’s 52-week high is Rs. 807 and a 52-week low of Rs. 285 is. Even from its 52-week low, the stock has gained 140 percent year-to-date. Let us tell you that the market cap of the company is Rs 2,83,941.44 crore.
The company’s batteries have been used in these areas
AESirs nickel zinc battery has been very successful in defense sector, renewable energy, 5G telecom sector. The company is continuously working on its ability to produce clean energy.