Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Vedanta, NALCO, Hindalco down up to 20% in June; metals rally under threat?
In Tuesday's trade, metal stocks led by Vedanta tumbled up to 7 per cent. National Aluminium, Hindustan Zinc, Hindalco and Jindal Steel were the other major losers.
Stock Market News Today Live Updates: Nifty Slips Below 24,050 Amid F&O Expiry, Sensex Falls Over 150 Points; Vedanta Slides 5% After Block Deals
Nifty IT and Nifty Metal fell 1.22% each, leading losses among sectoral indices. Nifty Pharma rose 0.90%, while Nifty Media gained 0.52% and Nifty India Defence advanced 0.33%.
Vedanta Aluminium Metal to double production capacity to 60 LTPA
Vedanta Aluminium Metal Ltd, now a listed entity, plans to double its production capacity to 60 lakh tonnes per annum. This expansion aims to meet surging demand from infrastructure, automotive, and electrification sectors. With existing facilities in Odisha and Chhattisgarh, and significant captive resources, the company is set to become a global leader in low-cost, high-quality aluminium production, serving over 60 countries.
Vedanta Aluminium Metal to double production capacity to 60 LTPA
Vedanta Aluminium Metal plans to double capacity to 60 lakh tonnes, after NSE and BSE listing, targeting global growth in infra, auto and electrification.
Aluminium producers poised to strike gold with firm prices
Aluminium prices have retreated from war-driven highs after the US-Iran peace deal, but supply constraints, strong demand and looming deficits could keep the metal well supported.
Vedanta Aluminium, other demerged stocks surge up to 5%. Which has been the best performer since market debut?
Vedanta’s newly listed demerged entities outperformed the broader market on Friday, with shares of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power and Vedanta Oil and Gas rising up to 5%. The rally comes days after their market debut following Vedanta’s mega demerger.
Hot Stocks: 3 stocks that may give returns between 11-36%
Analysts are recommending several stocks with projected returns ranging from 11% to 36%. Key picks include United Spirits, Vedanta Aluminium Metal, and Reliance Industries, with analysts citing strong brand portfolios, favorable policy changes, market deficits, and promising new energy ventures as drivers for potential growth and shareholder returns.
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRI
India's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties on the metal. This aims to encourage domestic production of higher-value aluminium products. The goal is to reduce reliance on imported finished goods and boost manufacturing competitiveness. This shift could create jobs and enhance exports.
Adani Enterprises Ltd soars 0.11%, gains for fifth straight session
Adani Enterprises Ltd is quoting at Rs 2955, up 0.11% on the day as on 12:44 IST on the NSE. The stock is up 25.92% in last one year as compared to a 2.73% slide in NIFTY and a 43.63% slide in the Nifty Metal.
Hindalco, Coal India: UBS turns selectively bullish on Indian metal sector
Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.
Vedanta Aluminium shares jump over 3% after Citi, Kotak initiate with Buy, see up to 29% upside. Here’s why
Vedanta Aluminium Metal shares surged over 3% after Citi and Kotak Institutional Equities initiated coverage with 'Buy' ratings and target prices of Rs 560 and Rs 600, respectively. Analysts cited a positive aluminium outlook, growth potential, cost efficiencies, and improving leverage as key drivers for their bullish calls.
'Buy Vedanta Aluminium', Citi says calling it top India metal pick; Here are four reasons why
Four key reasons are driving Citi's conviction on Vedanta Aluminium. The most important one being a positive outlook on Aluminium itself.