Shares of Hindustan Zinc declined by up to 5.7% to an intraday low of ₹569.20 on the Bombay Stock Exchange following reports that the government plans to sell a 2% stake in the company. Vedanta, the parent company of Hindustan Zinc, also saw its shares fall nearly 5% to ₹312.35. These declines indicate market sensitivity to government divestment news, impacting investor sentiment towards both companies. The reported stake sale is part of the government's ongoing efforts to reduce its holdings in public sector enterprises. Hindustan Zinc fell as much as 5.7% to an intraday low of ₹569.20 on the BSE.
Hindustan Zinc shares drop 6% amid government stake sale reports
by Riddra Markets Desk · 5 June 2026
Updated 6 Jun 2026, 1:36 am
Government stake sale plans influenced investor sentiment, leading to share price declines.