HZL responds to media report on possible government stake sale
HINDZINC · price
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On the reaction day the stock moved 1.1 pts less than Nifty 100 and 0.1 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HZL stock fell over 4% after a Moneycontrol report on a possible government stake sale. The company clarified it has no information on this matter and cannot comment on media speculation or rumours. HZL stated there is no undisclosed information pending release to exchanges.
Stock already dropped 4% on the report. Company has no inside information on a stake sale. Further movement depends on any government action.