Vedanta shares tumble over 1% as subsidiary partners with GAIL Gas for sustainable aluminium production
Shares of Anil Agarwal-led Vedanta tumbled by 1.4% to their day’s low of Rs 437.10 on the BSE as the company’s subsidiary and India’s largest aluminium producer Vedanta Aluminium has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. Under the agreement, GAIL Gas will construct a 7.5 km pipeline to…
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Market braces for familiar governance; Globalisation still intact, says Viswas Raghavan of Citigroup
Globalisation is too entrenched for the world to pull back from, said Viswas Raghavan, Head of Banking, Citigroup. The potential tariffs and the boost to local manufacturing could be the growth drivers for the US while geopolitics remains the biggest worry for the financial markets, he said in an interview with Shilpy Sinha. Edited excerpts….
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NALCO, Hindalco, Vedanta shares rally up to 10%. Here’s why
Shares of Indian metal companies National Aluminium (NALCO), Hindalco, and Vedanta shot up by 10% on Monday after the aluminium prices went up over the weekend after China’s finance ministry proposed to reduce or cancel export tax rebates for commodities including copper and aluminium, effective December 1. Shares of NALCO skyrocketed by 10% to their…
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Vedanta: Vedanta, Coal India among top 10 stocks with up to 8.5% dividend yield – Dividend Yields
IRFC Share Price 157.7 06:59 PM | 1 Nov 2024 1.74(1.12%) Suzlon Energy Share Price 68.21 06:59 PM | 1 Nov 2024 1.26(1.89%) IREDA Share Price 211.89 06:59 PM | 1 Nov 2024 1.85(0.89%) Tata Motors Share Price 842.6 06:59 PM | 1 Nov 2024 8.56(1.03%) YES Bank Share Price 20.75 06:59 PM | 1…
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Big movers on D-Street: What should investors do with M&M Financial, DMart and Vedanta?
Domestic markets slumped nearly 1% in a topsy-turvy trading session on Friday amid escalating tensions in West Asia and consistent FII outflows. Stocks that were in focus include names like M&M Financial, which fell 6.5%, Angel One, which declined 4.4%, and Vedanta, whose shares were down 0.49% on Friday. Here’s what Pravesh Gour, Senior Technical…
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The liquidity game on Dalal Street: The rise of phoenixes?
Liquidity has magical powers. When it is in deficit, it can sink an otherwise sensible business into insolvency. On the other hand, when it is in surplus, it can magically salvage an otherwise insolvent business from the cusp of demise. Many examples come to mind. But the ones that strike you with huge astonishment are…
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National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut
Shares of metal companies like National Aluminium surged 4.7% to its fresh 52-week high of Rs 21.40 while those of SAIL rallied 3.5% to day’s high of Rs 144.20 on the BSE as People’s Bank of China (PCoB) announced that it would cut the amount of cash that banks must hold as reserves (reserve requirement…
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Up to 450% gain in m-cap! Demerged cos unlock big gains for investors
Investors betting on companies that have split business as part of restructuring in the past year have struck it rich as unlocking value on account of the demerger has resulted in the market value soaring in several cases. At least 12 domestic companies have demerged their businesses in the last one year, according to an…
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Vedanta among 6 stocks to trade ex-dividend tomorrow; last date to buy for eligibility
Metal major Vedanta among 5 other companies are likely to remain in focus today as they have set September 10 as the record date to determine shareholders who are eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends. The board of…
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Vedanta shares gain 2% after long-term ratings upgrade from ICRA
Shares of the metal major Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company’s credit metrics. The rating for its ‘Longterm/S term –Unallocated limits’ instrument was upgraded to…
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