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Hot Stocks: 2 stocks that may give over 21% returns
Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. HSBC set a price target of Rs 1,750 for Syrma SGS, implying a 21.4% upside. Motilal Oswal Financial set a Rs 540 target for Vedanta Aluminium, indicating a 21.6% potential gain. These targets suggest significant returns over current trading prices. Both companies are seen as having strong growth prospects and structural advantages.
Shares of this Vedanta entity could rise another 50% from current levels as per Motilal Oswal 'bull case'
Motilal Oswal has set a price target of ₹680 per share for the stock, in a bull case scenario for Vedanta Aluminium Metal, which implies an upside potential of 51% from current levels.
Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit
Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium industry.
Vedanta Power shares fall 3% despite 38% jump in Q1 sales. Should you buy, sell or hold?
Vedanta Power share price dipped 3% despite a significant 38% year-on-year surge in power sales for the June quarter, driven by Meenakshi Energy's expansion and Talwandi Sabo's consistent output. While Meenakshi Energy saw a 245% jump, Sakti Thermal Plant faced a shutdown due to a boiler blast. Brokerages remain divided on the company's valuation, with targets ranging from Rs 35 to Rs 60 per share.
Stocks to watch: HDFC Bank, Vedanta, NBCC India among shares in focus today; check list here - livemint.com
Stocks to watch: HDFC Bank, Vedanta, NBCC India among shares in focus today; check list herelivemint.com
Vedanta Oil & Gas Q1 output falls 17% as production declines across key fields
Vedanta Oil & Gas reported a 17% year-on-year decline in average daily production for the June quarter, with output falling across its Rajasthan, Ravva, Cambay and OALP assets. The company said it is stepping up drilling and enhanced oil recovery projects to help reverse the production decline.
Vedanta Power reports 38% rise in Q1 power sales, led by Meenakshi Energy
Vedanta Power reported a 38% year-on-year increase in electricity sales to 5,225 million units in the June quarter, driven mainly by a sharp jump in output from Meenakshi Energy following its capacity expansion.
Vedanta Power Q1 update: Sales rise 38% on Meenakshi boost, Sakti shutdown weighs
Vedanta Power reported a 38% year-on-year rise in Q1 power sales, driven by a sharp jump in Meenakshi Energy output. Sequential performance declined due to lower generation at some plants, while Sakti Thermal Plant remained shut after a boiler blast, impacting overall volumes during the quarter.
Adani-IHC foray may rejig India's aluminium market mix
Adani Group is set to disrupt India's aluminium market with an $11.5 billion venture, challenging Hindalco and Vedanta. The project, slated to add nearly 50% to national output in five years, leverages Adani's low-cost energy advantage. This significant expansion aims to meet rising domestic demand, with a substantial portion of bauxite sourced from Odisha, creating over 53,000 jobs.
'Higher-for-longer' aluminium cycle to lift producer stocks
Indian aluminium giants Vedanta Aluminium and Hindalco Industries are poised for significant gains, with analysts predicting around 20% growth over the next 9-12 months. Despite recent price dips, a global supply deficit is expected to bolster metal prices. Investors are advised to capitalize on the current market correction to accumulate shares, anticipating strong performance driven by cost improvements, volume expansion, and stabilizing international operations.
Bluspring Enterprises bags O&M contract worth Rs 406 crore from Vedanta Power
Bluspring Enterprises said that its wholly-owned step-down subsidiary STEAG Energy Services (India) has received an extension of contract for operations and maintenance of a 600 MW thermal power plant from Vedanta Power.
Up to 42% upside! 9 stocks Jefferies, Motilal Oswal, others started coverage on. Do you own any?
Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.