Market News
Stay updated with the latest market trends, earnings, and economic indicators.
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.
Vedanta secures highest credit rating in over decade following ICRA Upgrade
Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and very low credit risk.
Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?
Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the group’s ongoing demerger process.
Vedanta share price hits record high after ICRA credit rating upgrade
Vedanta share price rose over 1% following the announcement of its highest domestic credit rating in over a decade. ICRA upgraded the long-term ratings of Vedanta Group entities to AA+ with a Stable outlook, reaffirming the short-term rating at A1+.
ONGC yet to take control of Cambay Block as Vedanta challenges govt move
ONGC has not yet taken control of the Cambay basin block CB-OS-02. Vedanta is challenging the government's decision to reject the contract extension. The Delhi High Court has ordered parties to maintain the status quo. Vedanta continues to operate the block pending the court's decision. ONGC remains ready to assume operations.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
Vedanta shareholders get an important message from Chairman Anil Agarwal; Here's what he said
Shares of Vedanta have surged nearly 30% so far this month, the first full one after the demerger exercise, which has turned out to be the best that the stock has had since April 2024.
Top Gainers & Losers on May 26: Adani Total Gas, Tejas Networks, Paytm, Ather Energy, Vedanta among top gainers - Mint
Top Gainers & Losers on May 26: Adani Total Gas, Tejas Networks, Paytm, Ather Energy, Vedanta among top gainersMint
Vedanta Ltd soars 3.95%
Vedanta Ltd is quoting at Rs 345.65, up 3.95% on the day as on 12:49 IST on the NSE. The stock is up 106.17% in last one year as compared to a 3.34% drop in NIFTY and a 44.84% drop in the Nifty Metal index.
Vedanta, MCX, among 10 stocks that saw highest increase in retail shareholding in Q4. Do you own any?
Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty
Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order from the state regulator.