Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Vedanta Iron & Steel zooms 10%, up 70% since listing; time to book profit?
Vedanta Iron and Steel shares listed at ₹20 on the NSE and ₹22.25 on the BSE on June 15. It was one of the four companies demerged from Vedanta Limited and listed as a separate entity.
Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing
Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.
VMS TMT board clears AUSL merger with company
VMS TMT has announced its board has approved the merger with TMT bars maker Aditya Ultra Steel Ltd (AUSL). This strategic amalgamation aims to create a robust entity by combining manufacturing, distribution, and financial strengths. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 held. The combined company anticipates a significant boost in manufacturing capacity and operational efficiencies.
Small-cap stock under ₹50 jumps after announcement of amalgamation move
VMS TMT's stock rose following the announcement of an approved merger with Aditya Ultra Steel Limited, aimed at creating a larger and more efficient steel manufacturing entity, pending necessary approvals. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 shares held.
Here's why the last 30 minutes are crucial for the Indian stock market today
Stocks like BHEL, Tata Steel, Vedanta, Polycab, Bharat Forge, CG Power, NALCO, HDFC Bank, Coal India and Vodafone Idea are also poised for inflows ranging from $30 million to $70 million as part of the rebalancing.
Anubhav Plast share price hits 5% lower circuit after flat debut
Anubhav Plast shares debuted flat at ₹80 on BSE SME, matching the issue price of ₹88. The IPO, with a subscription status of 1.53x, focused on manufacturing ERW steel pipes and aims to expand production capabilities.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
Steel industry waste to get a second life: RHI Magnesita, Khemka to set up recycling plant in Odisha
RHI Magnesita and Khemka Refractories have partnered to build a recycling facility in Odisha that will process used refractory materials from steel plants, helping reduce waste, cut raw material dependence and support cleaner industrial production.
Stocks to Watch today: Airtel, Adani Power, Vedanta, Rajesh Exports, IRFC
Stocks to watch today: Bharti Airtel, Adani Power, Vedanta, Rajesh Exports, HCLTech, IRFC, Swiggy, Bandhan Bank, Torrent Power, Hindustan Copper, Tata Steel, and others will be in focus today.
Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?
Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy' ratings and projecting substantial upside.
Stocks to watch, June 24: YES Bank, Infosys, Wipro, Honasa Consumer, IRFC, Tata Power, steel stocks - Upstox
Stocks to watch, June 24: YES Bank, Infosys, Wipro, Honasa Consumer, IRFC, Tata Power, steel stocksUpstox
Vedanta Iron & Steel, Ola Electric, Groww, South Indian Bank shares: Expert outlines stock-specific approach - Business Today
Vedanta Iron & Steel, Ola Electric, Groww, South Indian Bank shares: Expert outlines stock-specific approachBusiness Today