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Vedanta shares fall 6% after Rs 2,149-crore block deal; promoter Twin Star likely seller
Vedanta's stock experienced a significant dip, dropping up to 6% from its intraday peak of Rs 287. This decline followed media speculation that promoter entity Twin Star Holdings likely reduced its stake via a substantial block deal. Around 7.3 crore shares, valued at Rs 2,149 crore, were reportedly traded at Rs 292 each. Further details are anticipated.
Vedanta shares fall 7% after promoter Twin Star may have sold shares worth ₹2,150 crore
At the end of the March quarter, promoter holding in Vedanta Ltd. stood at 56.38%. Within the promoter shareholding, Twin Star Holdings has a 40% stake in the company.
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%.
Stocks to Watch today: BEL, IREDA, JSW Infra, Vi, Vedanta Aluminium & more
Stocks to Watch today: BEL, IREDA, JSW Infra, Vodafone Idea, Vedanta Aluminium, Craftsman Automation, Delhivery, Bajaj Auto, Bandhan Bank and more will be in focus today.
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.
AMFI rejig: Vedanta's new stocks in focus; check potential entrants, exits
According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.
AMFI Categorisation: Vedanta Aluminium may get largecap status; Vedanta Power, Physicswallah, others to enter smallcaps - Mint
AMFI Categorisation: Vedanta Aluminium may get largecap status; Vedanta Power, Physicswallah, others to enter smallcapsMint
Vedanta Power, Aluminium, Oil & Gas and Iron shares soar up to 5%. Which stock looks best placed?
Shares of Vedanta’s newly demerged entities rallied up to 5% for a second session, driven by strong investor interest and brokerage optimism. Citi prefers Vedanta Aluminium as a structural play, while Oil & Gas, Power, and Iron & Steel offer more cyclical or valuation-driven opportunities post restructuring.
Top 10 winners and losers of Nifty 500 index during the US-Iran war: HFCL, Ola Electric surge while Vedanta, RVNL sinks
The US-Iran conflict has led to a 4-5% decline in Indian equity markets. Investor sentiment is dampened by geopolitical tensions and rising oil prices. While negotiations offer hope, concerns over delayed talks and volatility linger, impacting stock performance across sectors.
Vedanta Demerger Stocks Rally Up to 5% Despite Weak Market; Vedanta Iron and Steel Surges 28% Since Listing - India Infoline
Vedanta Demerger Stocks Rally Up to 5% Despite Weak Market; Vedanta Iron and Steel Surges 28% Since ListingIndia Infoline
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.