GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of National Aluminium Company (NALCO) slid as much as 9.4% to Rs 388.45 on the BSE on Friday as a pullback in global and domestic metal prices, coupled with a strengthening U.S. dollar, triggered broad-based selling across metal stocks, snapping a three-day rally in the sector. The broader Metal index dropped 4%, ending a three-session gaining streak during which it had risen 8.5%. The decline tracked a sharp retreat in gold and other base metals after their recent surge, while a firmer dollar added further pressure on commodity prices. Elsewhere, metal prices weakened across major global exchanges. On the Shanghai Futures Exchange, aluminium declined 2.98%, lead fell 1.43%, nickel pulled back 3.25% and tin tumbled 6.41%, while zinc was the sole gainer, up 0.39%. On the London Metal Exchange, aluminium slipped 1.20%, zinc fell 0.50%, lead dropped 0.57%, nickel lost 2.25% and tin shed 3.78%. In domestic trade, gold and silver future...

[hfe_template id='11223'] [ad_1] Jefferies’ long-running strategist Christopher Wood has trimmed his exposure to India in his Asia portfolio, arguing that global investors are still too heavily positioned in the artificial-intelligence trade in North Asia. At the same time, India waits for its next bout of outperformance. In the latest “GREED & fear” note, Wood says the continuing surge in semiconductor stocks has sharply lifted Taiwan and Korea’s weightings in the MSCI Emerging Markets index, pushing India’s weight down to 13.1%, its lowest level since March 2023. “Taiwan and Korea’s weighting have risen by a further 0.7 and 2.1 percentage points respectively so far this month to 21.3% and 15.4% while India, the reverse AI trade, has fallen to 13.1%,” he writes, calling India “the chief driver of outperformance” for his portfolio since inception but also the main source of current pain as AI mania dominates flows. Reflecting those benchmark shifts, Wood has cut Indi...

[hfe_template id='11223'] [ad_1] Shares of state-owned defence shipbuilder Garden Reach Shipbuilders & Engineers rallied as much as 5% to their day’s high of Rs 2,640 on the BSE on Thursday after its net profit for the third quarter ended December 2025 rose to Rs 171 crore, compared with Rs 98 crore in the same quarter last year. This represents a 74% year-on-year increase in profit. On a sequential basis, profit was also higher than the Rs 154 crore reported in the September quarter. Revenue from operations for the quarter stood at Rs 1,896 crore, up from Rs 1,271 crore in the year-ago period, marking a 49% year-on-year growth. Compared with the September quarter revenue of Rs 1,677 crore, revenue increased 13.0% quarter-on-quarter. Total expenses during the quarter increased to Rs 1,740 crore, compared with Rs 1,209 crore in the December 2024 quarter, in line with the higher scale of operations. The cost of materials consumed stood at Rs 1,252 crore, while subcontr...

[hfe_template id='11223'] [ad_1] The Offer For Sale (OFS) of Hindustan Zinc opens for retail investors on Thursday, January 29, following strong demand from non-retail participants. The OFS was made available to institutional and non-retail investors on Wednesday and was fully subscribed, with an indicative price of Rs 691.15, above the floor price of Rs 685 but below the stock’s previous day closing. Vedanta, the promoter of Hindustan Zinc, launched the OFS to raise up to Rs 4,500 crore. The base offer comprises 0.79% of the company’s total equity, along with a green shoe option for an additional 0.59% stake, allowing the promoter to increase the overall sale size if demand remains strong. Retail investors can participate in the OFS by logging into their trading accounts and accessing the ‘Corporate Actions’ or ‘OFS’ section. They should review key details such as the floor price, bid quantity, and bid price before placing their orders. Bids must be submitted above the ...

[hfe_template id='11223'] [ad_1] Shares of state-owned Hindustan Copper vaulted to a fresh 52-week high on Thursday, capping a blistering four-day rally that has added 40% to the stock, as a global surge in copper prices and the state-owned miner’s success in securing a new copper block sharpened investor appetite. Hindustan Copper shares jumped as much as 17.7% on Thursday to Rs 721 on the BSE, extending a sharp advance that began last week. The stock has climbed from a closing level of Rs 531.80 on Jan 22, rising 5% on Tuesday and 12.5% on Wednesday, as momentum accelerated across the metals space. Global copper rally lights the fuse The immediate catalyst has been a renewed surge in global copper prices, which hit record levels amid geopolitical tensions, trade uncertainty and a weakening dollar.“Copper rallies to an all time high,” said Jigar Trivedi, Senior Research Analyst at Indusind Securities. “Copper futures surged 5% to above $6.2/pound, hitting record highs o...

[hfe_template id='11223'] [ad_1] Shares price of eClerx rallied 4.08% to Rs 4,602.80 in Thursday’s session, buoyed by a strong quarterly performance and the company’s board approving a 1:1 bonus share issue. For the December quarter, eClerx posted a 40% year-on-year rise in net profit to Rs 192 crore, compared with Rs 137 crore a year ago. In a board meeting held on January 28, the company approved a 1:1 bonus issue, entitling shareholders to receive one additional fully paid equity share for every share held as on the record date. The record date for the bonus issue will be announced later by the board or its committee and remains subject to shareholder approval through a postal ballot. The company plans to issue 4,70,25,359 bonus equity shares of face value Rs 10 each. The bonus shares will be issued from retained earnings (free reserves) based on audited financials for the year ended March 31, 2025. eClerx has retained earnings of Rs 13,777.22 crore, of which Rs 47.03...

[hfe_template id='11223'] [ad_1] Shares of Hindustan Zinc have declined 2% over the past two trading sessions, even as silver prices surged sharply, hitting a fresh record high of Rs 4 lakh, highlighting a disconnect between commodity prices and stock performance. The weakness in the stock is not linked to fundamentals or operational concerns, but is primarily driven by the ongoing Offer For Sale (OFS) by promoter Vedanta, which has created short-term supply pressure. The OFS has introduced additional shares into the market, with Vedanta offering up to 0.79% of Hindustan Zinc’s equity through the base issue, along with a green shoe option for an additional 0.59% stake. Such stake sales typically lead to temporary pressure on share prices, as investors factor in the increased supply of shares over a short period. Another key factor weighing on the stock is the OFS floor price of Rs 685 per share, which is set at a discount to recent market levels. In such cases, the floor...