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Here's how the five Vedanta Group stocks are reacting to their Q1 business updates
Shares of Vedanta Ltd. ended 1.6% higher on Friday at ₹280.5. Shares of the Aluminium division ended at the flat line, while those of the Iron & Steel business, after being locked in a 5% upper circuit earlier in the day, ended 5% lower. The Oil and Gas business saw its shares fall over 4% as well, and the Power business shares fell over 6%.
Tata Steel aims to spend Rs 20,000 cr in FY27 on expansion, adoption of technologies
Tata Steel plans a capital expenditure of Rs 20,000 crore this fiscal year, with 60% earmarked for its Indian operations. This investment will bolster expansions in tinplate, wires, and new facilities, alongside ongoing projects in mining and sustainability. The company aims to boost its long-term steelmaking capacity to over 50 million tonnes, primarily driven by growth in India.
APL Apollo Tubes’ profitability in focus after volumes fail to impress
Weak demand, Dubai disruptions and steel price volatility dragged APL Apollo's Q1 volumes well below guidance, shifting investor focus to whether margins can hold up.
Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?
Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it the preferred long-term pick.
This demerged Vedanta entity is up 100% in 12 days of listing
Currently, no analysts have coverage on Vedanta Iron and Steel, as of yet, with most of the coverage being given to the Aluminium division with Emkay being the most recent one.
Vedanta Iron and Steel shares rocket 113% in 13 sessions since listing; market value more than doubles
Vedanta Iron and Steel shares have surged more than 100% in just 13 trading sessions since listing at Rs 20 on the NSE following Vedanta's mega demerger. The company, one of four new Vedanta entities to debut on June 15, has delivered stellar gains to investors after starting with a market capitalisation of Rs 7,821 crore.
113% returns in 13 days! How Vedanta Iron and Steel shares made investors richer since listing - The Economic Times
113% returns in 13 days! How Vedanta Iron and Steel shares made investors richer since listingThe Economic Times
Multibagger Alert! Vedanta Iron and Steel share price soars 113% since listing - More upside ahead? - livemint.com
Multibagger Alert! Vedanta Iron and Steel share price soars 113% since listing - More upside ahead?livemint.com
Vedanta Group stocks: Oil & Gas, Iron & Steel, Power zoom up to 20%
Vedanta Iron & Steel up 10%, and Vedanta Power up 17% hit record highs in Wednesday's intra-day trade. Vedanta Oil & Gas was locked at the 20% upper circuit.
Vedanta Iron and Steel extends winning streak after exiting T2T segment
Vedanta Iron and Steel surged 8.51% to Rs 38.26 on Wednesday, extending its winning streak to the 12th consecutive session since its listing following the demerger of Vedanta.
Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?
Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This remarkable rally was significantly boosted after Azim Premji's investment arm acquired shares worth Rs 102 crore. The company, involved in iron ore and steel production across India and Africa, is currently clarifying significant price movements with stock exchanges.
Vedanta Iron and Steel shares in focus after a 9% rally on Tuesday; what you need to know - Upstox
Vedanta Iron and Steel shares in focus after a 9% rally on Tuesday; what you need to knowUpstox