Hindustan Zinc Shares Cross Rs 800 Mark! What Should Investors Do?

Hindustan Zinc shares surged today, hitting a record high of Rs 807 and surpassing the Rs 800 milestone for the first time. However, a significant concern looms over the company's limited free float in the market. As of the March quarter, promoter Vedanta holds a 64.92% stake, while the government and LIC together own 32.32%. With a mere 2.78% held by LIC, retail shareholders face minimal float, with Vedanta, the government, and LIC collectively controlling 97.24% of the shareholding. Catch Tanya Aneja and Harsh Verma with Sunny Agrawal, DVP, Head of Fundamental Desk, SBI Securities analysing the stock.