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Shares of Hindustan Zinc hit a record high as the government has sought up to $2.2 billion dividend from the company.
The state-owned miner stock rose as much as 4 per cent to a record high of Rs 296.40.
The government has sought dividend of up to $2.2 billion from the company, threepeople with knowledge of the matter said, as New Delhi targets a boom in the base metal to help shore up crumbling public finances.
About 1.6 million shares change hands within an hour of trading; 30-day average volume is 1.59 million shares.
As of Tuesday's close, the stock had risen about 11.5 per cent so far this year.
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