Hindustan Zinc Ltd
Hindustan Zinc Ltd News
Vedanta has approached the government suggesting a fair market valuation for Hindustan Zinc Limited and Bharat Aluminium Limited, reports CNBC-TV18.
Government still has 29.54 percent stake in Hindustan Zinc and 49 percent holding in Balco.
Enactment of the new Mining Bill would result in the profits of captive mining (steel) companies such as Tata Steel being whittled down by 9 percent, while SAIL would see its profit decline by 7 percent, Jindal Steel would witness a 3 percent reduction and JSW Steel would take a 1 percent hit.
Citi maintains its 'buy/medium risk' rating on Jaiprakash Associates with a price target of Rs 100. But ICICI Securities expects more from Sesa Goa and has downgraded its rating to 'reduce' from 'hold'.