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Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors
Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results.
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
Adani Energy sees ₹644 cr block deal; Birla MF takes 0.4% stake from Qatar Holding
Qatar Holding sold 0.4 percent in Adani Energy Solutions to Birla Mutual Fund for 644 crore, Adani Energy profit rose 5.7 percent, FY26 EBITDA and income hit record highs
Hindalco standalone Q4 profit jumps 88%; announces ₹5 dividend
Higher revenue growth and margin expansion drive sharp rise in quarterly earnings. Shares of Hindalco Industries ended at ₹1,110.10 on the NSE today, May 22, up ₹10.80 or 0.
Hindalco Q4 Results: Net profit drops 51% YoY to ₹2,597 crore; declares final dividend of ₹5 per share
Hindalco Industries reported a 51% decline in Q4FY26 net profit, totaling ₹2,597 crore, due to increased expenses from a fire at its US subsidiary, Novelis. However, consolidated revenue rose 20.4% to ₹78,133 crore, boosted by higher base metal prices.
Hindalco Q4 Results: Profit falls 51% YoY to Rs 2,597 crore; co declares Rs 5 dividend
Hindalco Q4 Results: Hindalco on Friday reported a 51% year-on-year (YoY) decline in its consolidated net profit at Rs 2,597 crore in the fourth quarter, compared with Rs 5,283 crore in the last year quarter.
ITC, Coal India or Hindustan Zinc: Which stock delivered higher FY26 dividend and return on 500 shares - Upstox
ITC, Coal India or Hindustan Zinc: Which stock delivered higher FY26 dividend and return on 500 sharesUpstox
Vedanta Resources looking to rejig $5.5 bn holdco debt in one go
Anil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-3.7 billion through 10-year bonds and $1.5-1.7 billion via five-year loans. This move seeks to better align debt repayments with dividend inflows from its operating companies.
How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explains
JSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
SAIL Q4 Results: Cons PAT surges 47% YoY to Rs 1,835 crore, revenue rises 5%
SAIL reported a strong Q4FY26 performance with net profit rising 47% year on year and revenue growing 5%. Sequential profit surged sharply, EBITDA improved significantly, and the board recommended a dividend of Rs 2.35 per share despite mixed global steel production trends and output softness.