GAGA Share Market News

[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] 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] 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] Bulls regained control from the bears on Wednesday pushing the Nifty index above 24,300. In today's trade, shares of Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health among others will be in focus due to various news developments and first quarter updates. Bajaj Finance Bajaj Finance reported a 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024 at 10.97 million compared to 9.94 million in the corresponding period of the last financial year. Hindustan Zinc Hindustan Zinc sees the demand for silver going up exponentially in the coming years, and is targeting production in the range of 750-775 tonne in the current fiscal. Indiabulls Housing Finance Non-banking finance company Indiabulls Housing Finance has changed its name to Sammaan Capital following the receipt of Certificate of Incorporation from the Registrar of Companies (RoC) and Certificate of Registration as an NBFC-ICC. Star Health ...