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For the entire year, Hindustan Zinc Ltd., a division of the mining conglomerate Vedanta Ltd., which is owned by Anil Agarwal, anticipates reduced output of its saleable steel and refined metal. On Friday, October 17, the firm made this announcement as part of its September quarter results.

The company’s revised forecast for Refined Metal output for the entire year is 1,065–1,085 kt, as opposed to the 1,090–1,110 kt that was previously anticipated. Additionally, saleable silver production has decreased from 700 to 710 mt to 670 to 690 mt.

The shares of Hindustan Zinc have declined by over 1%. This came to pass after the company announced its Q2 results.

JSW Steel 

YoY Comparison 

Adjusted EBITDA/Tonne (GU)16% At 10,701/Tonne Vs 9,256/Tonne (YoY)

The shares of Polycab declined despite delivering relatively stable results.

UCO Bank shares traded under pressure after the company announced results earlier in the day

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HIND ZINC Q2

Poll Comparison

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Hind Zinc Says

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The Indian markets slipped from day’s high as the American futures market slumped.

Dow Jones Future is down 520 points

S&P Futures is down 100 points

Nasdaq Futures is 420 points

(As of 14:00 IST)

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Polycab Q2

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After the super surge, the markets have now cooled down, with the Nifty index falling over 100 points from Highs.

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Results Vs Polls 

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Ahead of the company’s September quarter results, which will be released in a little while, shares of Polycab India Ltd., a manufacturer of wires and cables, are trading slightly higher.

According to a CNBC-TV18 poll, Polycab’s earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter are expected to increase by 45% year over year to ₹915 crore, while its revenue is expected to increase by 18% from the previous year to ₹6,474 crore.

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