GAGA Share Market News

[hfe_template id='11223'] [ad_1] Domestic markets traded lackluster on Tuesday and ended nearly unchanged in the absence of any significant trigger. In today's trade, shares of Vedanta, Adani Power, Bajaj Finance, IndusInd Bank, BPCL among others will be in focus due to various news developments and fourth quarter results. Vedanta, Adani Power, IOC, Varun Beverages Shares of Vedanta, Adani Power, IOC and Varun Beverages will be in focus as the companies will announce their fourth quarter results today. Bajaj Finance India's largest NBFC Bajaj Finance on Tuesday recommended the issue of 4:1 bonus equity shares. The fourth quarter profit also rose 19% YoY to Rs 4,546 crore. Bajaj Finserv Bajaj Finserv on Tuesday reported a 14% jump in its Q4FY25 net profit to Rs 2,417 crore versus Rs 2,119 crore reported in the year ago period BPCL Bharat Petroleum Corporation Ltd (BPCL) reported an 8% YoY decline in its March quarter consolidated net profit at Rs 4,392 crore versu...

[hfe_template id='11223'] [ad_1] Shares of metal stock tumbled by up to 6% in today’s session as uncertainties surround the future outlook of these companies after U.S. President Trump's reciprocal tariffs have raised concerns over global demand growth and the potential disruption of business activities worldwide. The shares of National Aluminium Company (NALCO) dipped the highest, falling by 6% to an intraday low of Rs 162.40, followed by Vedanta shares, which fell by 5.7% to Rs 414.35 in early trade and Hindalco shares falling by 5.4% to Rs 617.15. Further, the shares of Tata Steel and Hindustan Zinc fell by nearly 5.5% each. Yes Securities' executive director Amar Ambani, in a report quoted by the Times of India, explained that the unchanged 25% US tariff on steel and aluminium will increase US domestic prices. “However, exporters from Vietnam, Japan, and South Korea are pivoting to India and the Middle East,” Ambani added. Live Events As a result, India is fa...

[hfe_template id='11223'] [ad_1] Vedanta has extended the deadline of the demerger of its businesses from March 31, 2025 to September 30, 2025 citing pending approvals from government authorities and National Company Law Tribunal (NCLT). The company announced about the development late on Friday. Shares of Vedanta had ended at Rs 462.90 on the NSE, down by Rs 9.45 or 2%. The mining conglomerate is looking to demerge its businesses - aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, which is an Indian arm of UK-based Vedanta Resources. Post the demerger, every Vedanta shareholder - both retail and institutional - will receive one new share in each of the newly demerged companies. There will be no change in the overall shareholding structure, the letter said. Live Events Chairman Anil Agarwal in his recently written letter to the shareholders, said that investments in the company at the start of t...

[hfe_template id='11223'] [ad_1] The markets remained volatile for yet another session on Friday, shedding half a percent amid mixed cues. In today's trade, shares of Zomato, Jio Financial, Swiggy, Coal India, Airtel, Ami Organics and others will be in focus due to various news developments. Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial Shares of Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial will be in focus as the companies made it to exclusive Nifty and Nifty50 indices as part of the latest reshuffle. NTPC State-owned power giant NPTC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. Coal India State-run Coal India will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries. Marico The aspirational rural...

[hfe_template id='11223'] [ad_1] Vedanta shares will be in focus on Saturday, February 1, after the company reported a 76% year-on-year (YoY) rise in consolidated net profit for the quarter ended December 31, 2024, at Rs 3,547 crore. Revenue from operations grew 10% YoY to Rs 38,526 crore, while consolidated EBITDA rose 30% YoY to Rs 11,284 crore. Margins improved by 517 basis points YoY to 34%. “We have delivered our highest-ever third-quarter EBITDA. Our strategic focus on cost optimization and production ramp-up across our key businesses has helped us continue delivering this outperformance," said Arun Misra, Executive Director, Vedanta. Also Read: Stocks in news on Budget day: ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero MotoCorp, HUL, RVNL, IRCTC Revenue growth during the quarter was driven by favourable market prices and higher premiums. The strong operating performance was mainly due to structural cost-saving initiatives across businesses, favorable outpu...

[hfe_template id='11223'] [ad_1] Markets exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. In today's trade, shares of Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries among others will be in focus due to various news developments and third quarter results. Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta, Marico Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today. L&T Larsen & Toubro (L&T) reported a 14% year-on-year growth in its December quarter consolidated net profit at Rs 3,359 crore versus Rs 2,947 crore posted in the year ago period. Tata Consumer Tata Consumer Products reported a flattish net profit growth in the third quarter at Rs 279 crore. This compares with Rs 279 crore in the same quarter of last year. Motilal Oswal Markets regulator Sebi on ...

[hfe_template id='11223'] [ad_1] Shares of Anil Agarwal-led Vedanta will remain in the spotlight on Monday as the company’s board meets to consider its fourth interim dividend for FY2024-25. In an exchange filing, the mining major stated, "The meeting of the Board of Directors of the Company is proposed to be scheduled on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25." Vedanta has fixed December 24 as the record date for the fourth interim dividend, if declared. The said board meeting was scheduled to be held in October earlier but was cancelled due to unforeseen circumstances. In September, the company declared its third interim dividend of Rs 20 per share, following earlier payouts of Rs 11 and Rs 4 per share, bringing the total interim dividend for FY2025 to Rs 35 per share. Since July 23, 2001, Vedanta has declared 45 dividends, according to Trendlyne data. Vedanta sai...

[hfe_template id='11223'] [ad_1] 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. How shocked were you when the results came? There was no shock because the market was bracing. The trifecta (white house, house, senate) wasn't expected. The market had seen both versions of governance before. So, it's not like there is someone new. There’s a lot of commentary about what’s in store, especially globalization? I'm more of the camp that globalization is not dead. We are too global already as a community.. in terms of interests, in a very digital age. You cannot ignore how interconnected and entrenched our lives have become. I don't think you're going to unwind that an...

[hfe_template id='11223'] [ad_1] 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 Nov 2024 0.36(1.72%) HDFC Bank Share Price 1737.65 06:59 PM | 1 Nov 2024 1.96(0.12%) NHPC Share Price 84.2 06:59 PM | 1 Nov 2024 1.61(1.94%) RVNL Share Price 470.0 06:59 PM | 1 Nov 2024 -1.81(-0.39%) SBI Share Price 822.0 06:59 PM | 1 Nov 2024 1.8(0.22%) Tata Power Share Price 444.9 06:59 PM | 1 Nov 2024 4.85(1.11%) Tata Steel Share Price 149.7 06:59 PM | 1 Nov 2024 1.14(0.77%) Adani Power Share Price 596.5 06:59 PM | 1 Nov 2024 3.8(0.65%) PayTM Share Price 758.15 06:59 PM | 1 Nov 2024 -0.75(-0.1%) PNB Share Price 101.1 06:59 PM | 1 Nov 2024 3.2(3.27%) Zomato Share Price 249.76 06:59 PM | 1 Nov 2024 8.01(3.32%) BEL Share Price 288.6 06:59 PM | 1 Nov 2024 3.7...

[hfe_template id='11223'] [ad_1] 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 Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. M&M Financial The counter has witnessed lower lows and lower high formation on the daily chart. The Overall structure is distorted as it trades below its all-important moving averages (9, 20, 50-DMA) however it has a demand zone near 290 at 200-DMA. On the upside, 320 is an immediate susceptible area; above this, we can expect a run-up towards 330+ levels in the near term. DMart The counter has witnessed a breakdown of a long consolidation pattern on the daily chart...

[hfe_template id='11223'] [ad_1] 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 the tales of two Anils. One is the long-forgotten younger scion of the Ambani family. And the other is the metal magnet of Vedanta (Anil Agarwal). It is fascinating to see how the high tide of liquidity has brought them back to the spotlight from the brink of collapse. Starting with Reliance Power, the story was one of the roller coaster rides for investors. Back in 2008, it had a stunning debut in the markets with a meteoric listing that saw its stock price surge to an all-time high market cap that nearly went close to the Rs 1.0tn mark, a rare feat in those days which belonged to the elite few. But soon, the cracks begin ...

[hfe_template id='11223'] [ad_1] 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 ratio or RRR) by 50 basis points. This is the second reduction this year, which is aimed at bolstering the faltering economic growth of the country. The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio. The move took effect Friday and was flagged on Tuesday by PBOC Governor Pan Gongsheng at a press conference, alongside cuts in several key interest rates and measures supporting capital markets aimed at stimulating economic activity amid persistent deflationary pressures. The world's second-largest economy is the largest consumer ...

[hfe_template id='11223'] [ad_1] 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 Vedanta had fixed a third interim dividend of Rs 20 per share for the financial year 2024-25, earlier in this month. “We wish to inform you that the Board of Directors of Vedanta Limited, at its meeting held today i.e. Monday, September 02, 2024, has considered and approved the Third Interim Dividend of ₹ 20/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c. ₹ 7,821 Crores,” the company had said in a filing to the exchanges. In the past 12 months, Vedanta has declared an equity dividend amounting to Rs 26 and at the current share price of Rs 460, Vedanta’s dividend yield is 5....

[hfe_template id='11223'] [ad_1] 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 [ICRA]AA from [ICRA]AA-/[ICRA]A1+ rating watch with developing implications. The Longterm–Fund based –Term loan instrument was upgraded to [ICRA]AA from [ICRA]AA- and continues on rating watch with developing implications. As for Commercial Paper the rating was upgraded to ICRA]A1+ rating watch with developing implications. Recently, the mining major carried out a successful fund-raising worth $1 billion via a qualified institutional placement (QIP) in July 2024 and an additional $400 million was generated from the offer for sale (OFS) of Hindustan Zinc Limited (HZL) in August 2024. ...

[hfe_template id='11223'] [ad_1] Equity markets began the week on a positive note and registered modest gains during a subdued trading session. In today's trade, shares of ICICI Bank, Vedanta, HAL, Adani Green, Medi Assist Healthcare among others will be in focus due to various news developments. ICICI Bank Following allegations from the Congress party, ICICI Bank clarified that Sebi chief Madhabi Puri Buch did not receive any salary or hasn't been granted ESOPs after the retirement. Vedanta Vedanta board on Monday approved the third interim dividend of Rs 20 per equity share for the Financial Year 2024-25. Adani Green Adani Green Energy said on Monday that its board has approved agreements that would enable a TotalEnergies affiliate to invest $444 million to form a new joint venture with the company. HAL The cabinet committee approved a proposal for procurement of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) ...

[hfe_template id='11223'] [ad_1] The board of Vedanta-owned Hindustan Zinc approved a second interim dividend of Rs 19 per share for eligible shareholders on Tuesday, with August 28 set as the record date. "We wish to inform you that the Board of Directors of Hindustan Zinc Limited (“the Company”), at its meeting held today i.e. Tuesday, August 20, 2024, has considered and approved the Second Interim Dividend of Rs. 19/- per equity share i.e. 950% on the face value of Rs 2/- per equity share for the Financial Year 2024-25 amounting to Rs 8,028.11 crores," said the company in a filing to the exchanges. The parent company, Vedanta, will receive nearly Rs 5,100 crore from the dividend announced by Hindustan Zinc. Earlier last week, Hindustan Zinc was in the spotlight as Vedanta's offer for sale (OFS) opened for subscription. Vedanta offloaded a 1.5% stake in the zinc company, raising Rs 3,100 crore. At the end of the June quarter, Vedanta held a 64.92% stake i...

[hfe_template id='11223'] [ad_1] Billionaire Anil Agarwal's Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting ₹3,100 crore for the resources conglomerate that had first sought to garner up to ₹6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6 million shares of Hindustan Zinc in a two-day OFS that concluded on Monday. The promoter, Vedanta, initially aimed to raise up to ₹6,500 crore by divesting a 3.17% stake. The natural resources company held a 64.92% stake in the zinc company as of June and offloaded a 1.5% stake through the OFS on Friday and Monday. Shares of Hindustan Zinc have plunged nearly a fifth since last Monday, wiping out more than ₹50,000 crore in market vale. Vedanta had initially said that it would sell 51.4 million shares of Hindustan Zinc, with the option to additionally sell up to 82.3 million shares in case of oversubscr...

[hfe_template id='11223'] [ad_1] Metal major Vedanta Limited on Friday said it would exercise the oversubscription option in the ongoing offer for sale (issue) of Hindustan Zinc Limited to the extent of over 1.21 crore equity shares or 0.29% in addition to 5.14 crore equity shares representing 1.22% of the total issued and paid-up equity share capital of the company forming part of the base offer size. In the issue which opened on Friday for non-retail investors, Vedanta aims to sell up to 5,14,40,329 equity shares, representing 1.22% of HZL’s stake. Accordingly, the total offer size will be 1.51% of the total issued and paid-up equity share capital of which 63,60,590 equity shares i.e. 10% equity shares of the offer would be reserved for allocation to retail investors on T+1 day i.e. August 19, 2024, the company filing said. The first day of the Offer for Sale saw strong demand, with non-retail investors bidding for 6.3 crore shares, as per regulatory filings. BSE data ...

[hfe_template id='11223'] [ad_1] Shares of Hindustan Zinc (HZL) fell 7.8% to a day’s low of Rs 528 on the BSE on Friday, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14 crore shares, from August 16-19. Shares of Vedanta, which is expected to raise approximately Rs 6,498 crore from the OFS at the floor price, were trading 2% higher at Rs 430 on the BSE. Vedanta is selling up to 5,14,40,329 equity shares, representing 1.22% of HZL’s equity share capital, to non-retail investors only on Friday. The remaining 8.23 crore shares, representing 1.95%, will be sold to both retail and non-retail investors in the event of oversubscription, according to an exchange filing. The issue will open for retail investors and non-retail investors who choose to carry forward their unallotted bids on Monday, August 19. "The Offer is being underta...

[hfe_template id='11223'] [ad_1] Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today's trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results. HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan Bank Shares of HAL, Ola Electric, Mazagon Dock Shipbuilders and Bandhan Bank will be in focus as the companies will announce their first quarter results. Apollo Hospitals Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024. Hero MotoCorp Hero MotoCorp reported a standalone net profit of Rs 1,123 crore for the quarter ended June 2024, which was up by 36% year-on-year. IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported 33% growth in its consolidated net profit at Rs 3...