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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.
ED investigates Vedanta Group for FEMA violations
A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau
ED investigates Vedanta Group for FEMA violations
A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau
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.
Vedanta shares crash over 4% from day's high after ED raids premises; details here
Vedanta Limited shares surged 71% in six months and 112% in a year, despite a turbulent market. However, shares fell over 4% today following raids by the Enforcement Directorate.
Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office
Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
ED searches against Vedanta Group in FEMA case
It is understood that the raids were launched against the business house, promoted by billionaire Anil Agarwal, on Monday.
ED Searches Vedanta-Linked Premises In Delhi, Mumbai Over FEMA Probe
The Enforcement Directorate searched two premises linked to Vedanta Group in Delhi and Mumbai as part of a FEMA investigation into alleged brand fee payments made by group entities.
Vedanta premises see Enforcement Directorate search operations; Stock falls
In an exclusive interaction with CNBC-TV18 last month, Vedanta Group Chairman Anil Agarwal said that all the other demerged entities will begin trading as independent entities by the end of June.