Market News

Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?

Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on Monday, the stock has shed over Rs 29,000 crore in market value, with its market capitalisation falling from more than Rs 2 lakh crore to around Rs 1.75 lakh crore. The sharp decline comes despite analysts describing the newly listed aluminium business as Vedanta's "crown jewel."

Vedanta to be removed from MSCI Global Standard Indexes from June 22

Vedanta shares will be removed from MSCI Global Standard Indexes from June 22. This follows the company's mega demerger into five separate listed entities. The residual Vedanta now has a smaller market capitalization. The demerger was completed on Monday with four new businesses debuting on the stock market. This index rejig may cause some share price volatility.

Deccan Gold Mines Stock Hits Record High, Soars 60% In One Month: What's Fuelling The Rally?

Deccan Gold Mines share price has surged nearly 60% in one month

Vedanta Aluminium shares list on the bourses at ₹522 per share, higher than street expectations

According to Kotak Institutional Equities, the stock could list at a price of ₹475, while Nuvama is projecting a listing price of ₹477.

4 new Vedanta Group stocks to list on stock exchanges on Monday. Brokerages reveal expected listing price

The Anil Agarwal-led group announced in April that each of its eligible shareholders will get one share in each of the four companies for every share held in Vedanta on the record date, marking one of the biggest corporate restructurings in India’s metals and mining space.

Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect

Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.

Vedanta group's 4 demerged businesses set for stock market debut on June 15

Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...

Adani Energy Solutions to acquire IntelliSmart for ₹3,050 crore

Adani Energy Solutions share price has gained 16% in one month, and has rallied 60% in three months. The Adani Group stock has jumped 74% in one year, while it has surged 89% over the past three years.

Adani Ent Share Price Live Updates: Adani Enterprises Stock Price Movement

JSW Steel Share Price Live Updates: JSW Steel's stock performance

Adani Ent Share Price Live Updates: Adani Enterprises Stock Update

800% returns in five years! Multibagger small-cap stock jumps 7%. Here's why

Rathi Steel and Power stock opened at ₹20.63 apiece on 1 June, as compared to previous close of ₹18.76 on Friday last week.