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Jindal Stainless Q4 Results: Co posts quarterly profit jump on strong domestic demand
Jindal Stainless has seen a significant profit increase of 42.7 percent in its fourth quarter. This growth is attributed to robust domestic demand for its stainless steel products. The company's net revenue also saw a healthy rise. Despite challenges like fuel shortages and shipping delays, Jindal Stainless is expanding its production capacity.
Mangalam Worldwide Q4 net profit grows to Rs 15 crore
Mangalam Worldwide, a stainless-steel manufacturer, reported an impressive 81% surge in consolidated net profit to Rs 15.37 crore for the quarter ending March 31, driven by a significant reduction in expenses. Despite a dip in income to Rs 266.50 crore, the company's overall annual income saw a 14% increase.
Sebi clears IPOs of Hindustan Labs, RK Steel Manufacturing Co Ltd
Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Hindustan Laboratories' maiden public offering comprises a fresh issue of 50 lakh shares, along with an offer for sale (OFS) of 91 lakh shares by the promoter, according to the draft red herring prospectus (DRHP). The company proposes to utilise IPO proceeds for funding the working capital requirements and general corporate purposes. Hindustan Laboratories is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a ...
Vedanta's 65% share price crash an illusion, the stock is down just 5%. Here's why
Vedanta shares adjusted significantly post-demerger, appearing to crash but actually declining 5% as four entities (Aluminium, Power, Oil & Gas, Steel) were separated. This restructuring aims to unlock shareholder value by allowing independent businesses to be valued more fairly. The demerger, approved by NCLT, sees the base metals business remain with a restructured Vedanta, while new entities will list separately.
Shyam Metalics shares rise after proposing additional ₹2,700 crore capex to boost capacity by 2029
Earlier this week, brokerage firm Goldman Sachs had initiated coverage on Shyam Metalics with a "buy" rating and a price target of ₹1,065, citing the company's horizontal exposure across Carbon steel, Stainless steel and Aluminium.
Vedanta demerger record date is May 1, but why is today the last date to buy?
Vedanta's demerger record date is May 1, a market holiday, making April 29 the last day to buy shares for eligibility. Shareholders will receive one share each of Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel for every Vedanta share held. This restructuring aims to unlock significant shareholder value by creating distinct, sector-specific entities.
Jindal Saw Q4 results | Profit slides 52%; board recommends ₹2 dividend
The iron & steel pipes manufacturer's revenue fell 8% to ₹4,633.5 crore from ₹5,046.6 crore; EBITDA and margins saw steep dips. Ahead of the results, shares of Jindal Saw ended at ₹245.50 on the NSE on April 27, up 2.41% on the day.
Stocks to Watch for April 21: Vedanta, JSW Steel, PNB Housing Finance, TVS Motor and more
JSW Steel and POSCO form Odisha JV as Vedanta sets demerger record date, key Q4 results from PNB Housing, SML Mahindra, Muthoot Microfin and Park Hotels. Here are few stocks to keep an eye on ahead of Tuesdays' trading session.
Vedanta sets May 1 as record date for demerger; approves 1:1 share allotment across 4 entities
Under the composite scheme of arrangement, shareholders of Vedanta will receive equity shares in four businesses — Vedanta Aluminium Metal Ltd (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL) and Vedanta Iron and Steel Ltd (VISL) — in proportion to their existing holdings. Shares of Vedanta Ltd ended at ₹770.65, down by ₹16.95, or 2.15%, on the BSE today, April 20.
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainers - Mint
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainersMint
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainers
On April 6, the Indian stock market gained, with the Nifty 50 up 0.68% to 23,123 and the S&P BSE Sensex rising 0.69% to 74,616. Nifty IT led sector gains at 2.5%, while PSU banks fell by 0.72%. Investors await the RBI policy decision.
Shyam Metalics' stainless steel volumes rise 59%, Pellet volumes up 44.3% | Q4 update
Shyam Metalics' Stainless steel sales jumped 58.9% year-on-year (YoY) and 26.9% month-on-month (MoM) to 10,519 tonnes in March 2026, while average realisations rose 19% YoY but dipped marginally 0.6% sequentially to ₹1.52 lakh per tonne.