Hindustan Zinc shares gained on Tuesday after Cabinet Committee on Economic Affairs (CCEA) has approved stake sale in the company.
The government holds a 29.5% stake in the company controlled by London-listed Vedanta Resources. The government sold a majority stake in the company to Vedanta Resources in 2002.
Currently, Vedanta Resources arm Sesa Sterlite controls 64.5% of the equity in the company.
Shares of the company are trading at Rs 136.20, up Rs 3.65, or 2.75% at the Bombay Stock Exchange (BSE) on Tuesday at 10:51 a.m.
The scrip has touched an intra-day high of Rs 141.80 and low of Rs 135.50. The total volume of shares traded at the BSE is 450,894.
In the earlier session, the shares gained 2.39%, or Rs 3.1, at Rs 132.55.
Currently, the stock is trading down 3.03% from its 52-week high of Rs 140.45 and above 44.89% over the 52-week low of Rs 94.
