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Stocks in news: Tata Steel, ICICI Bank, Tata Motors, Vedanta, Maruti Suzuki
Indian markets traded cautiously on Thursday's weekly expiry, with analysts observing a continued tussle for direction in the Nifty. Key companies like Tata Steel, Tata Motors, ICICI Bank, Vedanta, and Maruti Suzuki are in focus due to significant business updates and regulatory developments.
Vedanta says FEMA-related ED search concludes with no adverse impact
Vedanta said the Enforcement Directorate has concluded FEMA-related search operations at its premises, with no penalty, restriction or impact on the company's financial, operational or business activities.
Vedanta says no penalty, restrictions imposed after ED searches
India's financial crime-fighting agency searched Vedanta group locations. The company stated no penalty or restriction has been imposed. Vedanta is cooperating with the foreign exchange law probe. Operations and financial activities remain unaffected. The searches were conducted in connection with a probe.
Vedanta Ltd drops for fifth straight session
Vedanta Ltd is quoting at Rs 326.45, down 0.53% on the day as on 13:19 IST on the NSE. The stock jumped 98.64% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index.
Vedanta, Hindustan Zinc shares fall over 1% after metals giant confirms ED visits to offices
Vedanta and Hindustan Zinc shares dipped after the Enforcement Directorate visited some of their offices as part of a FEMA probe. The companies confirmed the visits and stated they are fully cooperating with the authorities. This news comes after Vedanta's recent demerger and a positive rating upgrade from ICRA.
Stocks to watch: Vedanta, Canara Bank, Adani Ports among 10 shares in focus today; check list here - Mint
Stocks to watch: Vedanta, Canara Bank, Adani Ports among 10 shares in focus today; check list hereMint
Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports
Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS, and strong cargo volumes.
Stocks To Watch Today: Infosys, Vedanta, NHPC, Canara Bank, PFC
Shares of Delhivery will also catch investors' attention.
Vedanta says ED officials visited some of its offices, Hindustan Zinc units
Enforcement Directorate officials visited offices of mining conglomerate Vedanta Limited and its subsidiary Hindustan Zinc Limited. The companies confirmed the visits to stock exchanges. Vedanta stated it is cooperating fully with the authorities. The nature and purpose of the inquiry were not disclosed. This development involves two major Indian companies.
Vedanta's Zambian unit shuts copper smelter for maintenance
Vedanta's Konkola Copper Mines has begun a 60-day shutdown of its Nchanga smelter in Zambia for essential maintenance. This move aims to boost operational efficiency and long-term production. The shutdown is part of a modernization strategy to increase output. This coincides with other plant maintenance, potentially impacting copper and sulphuric acid supplies.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Stocks in news: IndiGo, Suzlon Energy, Patanjali Foods, PB Fintech, Vedanta
Markets experienced significant volatility on Friday, with indices falling in the final hour due to heavy institutional selling. Several companies like IndiGo, Suzlon Energy, and Patanjali Foods are in focus today. Vedanta received its highest domestic credit rating in over a decade.