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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
Jindal Steel Ltd slips for fifth straight session
Jindal Steel Ltd is quoting at Rs 1203.2, down 1.63% on the day as on 13:19 IST on the NSE. The stock jumped 25.34% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
NMDC Ltd eases for fifth straight session
NMDC Ltd is quoting at Rs 88.14, down 0.38% on the day as on 13:19 IST on the NSE. The stock jumped 23.81% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
Hindustan Zinc Ltd down for fifth straight session
Hindustan Zinc Ltd is quoting at Rs 629.35, down 0.17% on the day as on 13:19 IST on the NSE. The stock jumped 42.26% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
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.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
National Aluminium Company Ltd up for third straight session
National Aluminium Company Ltd is quoting at Rs 414.2, up 1.46% on the day as on 12:49 IST on the NSE. The stock is up 131.97% in last one year as compared to a 5.39% slide in NIFTY and a 47.08% slide in the Nifty Metal index.
Hindalco Industries Ltd spurts 2.66%
Hindalco Industries Ltd is quoting at Rs 1101.6, up 2.66% on the day as on 12:49 IST on the NSE. The stock is up 66.57% in last one year as compared to a 5.39% drop in NIFTY and a 47.08% drop in the Nifty Metal index.
Vedanta Ltd rises for third straight session
Vedanta Ltd is quoting at Rs 320.85, up 5.18% on the day as on 12:49 IST on the NSE. The stock is up 93.67% in last one year as compared to a 4.86% slide in NIFTY and a 46.23% slide in the Nifty Metal index.