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Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?
Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This remarkable rally was significantly boosted after Azim Premji's investment arm acquired shares worth Rs 102 crore. The company, involved in iron ore and steel production across India and Africa, is currently clarifying significant price movements with stock exchanges.
Vedanta Iron and Steel shares in focus after a 9% rally on Tuesday; what you need to know - Upstox
Vedanta Iron and Steel shares in focus after a 9% rally on Tuesday; what you need to knowUpstox
Vedanta's CopperTech Metals postpones US IPO amid market volatility
The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector
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 Aluminium shares get fourth 'buy' call since listing, analyst sees up to 35% upside
Shares of the demerged Vedanta entity listed on the exchanges earlier this month. The aluminium business is said to be the key driver of value out of the four demerged entities.
Vedanta Oil is investing to double output. Can it reverse a decade of decline?
The company aims to produce more than 150,000 barrels of oil equivalent per day (boepd) by FY29, up from 87,000 barrels in FY26, according to an analyst who attended the demerged company's first investor meet last week.
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.
'Higher-for-longer' aluminium cycle to lift producer stocks
Indian aluminium giants Vedanta Aluminium and Hindalco Industries are poised for significant gains, with analysts predicting around 20% growth over the next 9-12 months. Despite recent price dips, a global supply deficit is expected to bolster metal prices. Investors are advised to capitalize on the current market correction to accumulate shares, anticipating strong performance driven by cost improvements, volume expansion, and stabilizing international operations.
Institutional demand sparks surge in block deals as promoters book profits
Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB Fintech, with investors seeing favorable conditions for monetizing holdings and rebalancing portfolios.
Vedanta shares may rise 17% as per Investec; company outlines plans for key businesses
The brokerage said management outlined its long-term strategy for Zinc International and its Saudi Arabia copper portfolio during the analyst meet.
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.
Bluspring Enterprises arm secures 5-year O&M contract worth Rs 406.43 cr
From Vedanta Power