Hindustan Zinc plunges up to 6% after 1.8% equity changes hands in block deal; Anil Singhvi recommends buying the scrip

Hindustan Zinc shares slipped in Wednesday's session (June 18,2025) after 1.8 per cent equity changed hands in a block deal today in the pre-opening session. As per reports, the company's promoter Vedanta was expected to offload shares worth Rs 7,500 crore via block deals.

As of the last count at around 10:22 am, Hindustan Zinc shares declined over 5 per cent or Rs 25.45 at Rs 460.95 apiece on the BSE.

DAM Capital and Citi were reportedly managing the deal as brokers.

Anil Singhvi on Hindustan Zinc

Zee Business Managing Editor Hindustan Zinc for higher levels of Rs 489 and Rs 493 with support at Rs 466 and Rs 471. He added that there is a buying opportunity in the Hindustan Zinc block deal.

One should consider buying near the floor price or the block deal rate, he added. Further, the analyst noted that a block deal is more positive than an offer for sale (OFS).The company is set to gain from rising silver prices, he added.

Furthermore, the expert pointed out that Hindustan Zinc is a cash-rich company that pays dividends regularly.