Mumbai: The share price of Hindustan Zinc, Senco Gold and Prestige Estates Projects are expected to be in news on November 18, 2024 (Monday). Hindustan Zinc won a bid for a gold mine block in Rajasthan, Senco Gold declared its Q2 Results 2024-25 and Prestige Estates announced to launch new residential projects by March 2025.
FII trading activity and global trends are expected to dictate trends in the Indian equity markets this week, analysts said. Last week, the BSE benchmark Sensex plummeted 1,906.01 points. Foreign investors have made a withdrawal of Rs 22,420 crore from the domestic equity market so far in November 2024. The pull out was attributed to high domestic stock valuations and increasing allocations to China.
Prestige Estates Projects share price
Prestige Estates Projects Ltd has announced plans to launch housing projects worth Rs 52,000 crore by March 2025 as demand for residential properties is increasing. While briefing the investors, the real estate major mentioned that the company is planning to launch multiple projects in Delhi-NCR, Goa, Hyderabad, Chennai, and Bengaluru. The projects will be spread over 53 million sq ft area with a total sales bookings value of Rs 52,114 crore.
During the second quarter of 2024-25, Prestige Estates reported sales of Rs 4,022.6 crore in as against Rs 7,092.6 crore in the year-ago period. During the 2023-24 fiscal year, the company recorded a sales booking of Rs 21,040 crore.
Hindustan Zinc share price
Hindustan Zinc has won the bid for a gold mine block in Rajasthan through the state government auctions held on November 13. The statement read that the Department of Mines & Geology, Rajasthan, vide notification dated November 15, 2024 release a statement confirming that the company has been declared the preferred bidder for the Dugocha Gold Block.
“This acquisition not only enhances our precious metals portfolio but also reinforces our ability to deliver long-term value to our shareholders and stakeholders. This will generate unprecedented direct and indirect employment opportunities along with new investments in many industries in the state,” Located in Salumbar, Rajasthan, the block spans 472 hectares and is at the G3 level of exploration, with an estimated 1.74 MT of resources with 1.63g/t gold, the statement said.
Senco Gold share price
In its Q2 Results 2024-25, Senco Gold posted a 1.6 per cent growth in consolidated profit after tax (PAT) at Rs 12.1 crore. The jewellery retailer’ PAT was recorded at Rs 11.6 crore during the second quarter of 2023-24. In a regulatory filing, the jewellery brand’s revenue from operations increased 30.86 per cent to Rs 1,500.5 crore as against Rs 1,146.6 crore in the July-September quarter of the previous financial year.
“In the second quarter, we had an overall growth of about 31 per cent. The gold price had been at an all-time high during the festive season, which had a detrimental impact on many customers,” Senco Gold Managing Director and CEO Suvankar Sen said.
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