India's Hindustan Zinc falls on report government may sell up to 2% stake

Hindustan Zinc

05/06/2026 07:27

** Shares of India's Hindustan Zinc HZNC.NS fall 5.41% to 571.20 rupees 
** Bloomberg News reports government considering sale of up to 2% stake in co
** Report adds transaction could raise up to 50 billion rupees ($524.5 million)
** Report says sale process may be launched in June or July
** India's Ministry of Finance did not immediately respond to a Reuters request for comment
** Co top loser on the Nifty Metal .NIFTYMET index, which is down nearly 1%
** HZNC rated "hold" on average by 13 analysts; median PT at 677.50 rupees - data compiled by LSEG 
** YTD, stock down about 5.9% vs Nifty Metal's nearly 18.2% rise 

($1 = 95.3225 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)
 ((Bipasha.Dey@thomsonreuters.com;))