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Vedanta shares rise after better-than-expected Q3 results; CLSA downgrades the stock

Vedanta shares rise after better-than-expected Q3 results; CLSA downgrades the stock

Mon, Jan 29, 2024

Vedanta share price target: CLSA maintained its target for the Vedanta stock at Rs 230, suggesting a downside potential of nearly 13 per cent from its previous close.

Vedanta's Q3 results: Net profit falls 18% to Rs 2,013 crore

Vedanta's Q3 results: Net profit falls 18% to Rs 2,013 crore

Thu, Jan 25, 2024

The company's consolidated income in the third quarter of the current fiscal increased to Rs 36,320 crore from Rs 34,818 crore in the same period a year ago.

Stocks In News: Key Insights on JSW Steel, Vedanta, AU Small Finance Bank Share Performance

Stocks In News: Key Insights on JSW Steel, Vedanta, AU Small Finance Bank Share Performance

Thu, Jan 25, 2024

Which stocks including JSW Steel, Vedanta and AU Small Finance Bank will be in focus today? Which companies will announce their results today? Which stocks will see action due to news?

TRENDING NOW

Minister justifies Police arresting 100-odd protesters at Vedanta smelter

Minister justifies Police arresting 100-odd protesters at Vedanta smelter

Mon, Jun 11, 2018

Many of those picked up in and around the port city of Thoothukudi have since been bailed, but the wave of arrests highlights the tensions that continue to fester despite the Tamil Nadu government’s order to permanently shut down the smelter, on environmental grounds, in the wake of the May 22 shootings.

Top 5 stocks in focus on June 5: From Vedanta, SBI to Idea Cellular, here are newsmakers

Top 5 stocks in focus on June 5: From Vedanta, SBI to Idea Cellular, here are newsmakers

Tue, Jun 05, 2018

Vedanta Limited: Anil Agarwal-led Vedanta has announced that it has acquired control of Electrosteel Steels Ltd (ESL) by depositing the upfront amount Rs 5,320 crore in the escrow account of ESL.

Vedanta share price plunges 5% intraday, but ends flat as protests rage in Tamil Nadu over smelter

Vedanta share price plunges 5% intraday, but ends flat as protests rage in Tamil Nadu over smelter

Thu, May 24, 2018

At least eleven people were killed in police firing during protests in Tamil Nadu demanding the closure of Vedanta group's Sterlite Copper plant over pollution concerns in Tuticorin.

Vedanta hits over 10-month low, tanks 7% in a day after protests in Tamil Nadu

Vedanta hits over 10-month low, tanks 7% in a day after protests in Tamil Nadu

Wed, May 23, 2018

Nine people were killed in police firing after protests against the closure of Vedanta group's Sterlite Copper plant over pollution concerns turned violent in Tuticorin, with the police action drawing opposition criticism.

Investors in HPCL lose 8% in a day; Sensex tanks 306 points, Nifty ends below 10,450

Investors in HPCL lose 8% in a day; Sensex tanks 306 points, Nifty ends below 10,450

Wed, May 23, 2018

The broader Nifty closed 1.01 per cent or 106 points lower at 10,430.35, while the benchmark Sensex fell 0.88 per cent or 306 points to 34,344.91. Both the indices fell over 1 per cent, extending losses in the last hour of trading.

Vedanta chairman Anil Agarwal told Anglo not to sell South African assets

Vedanta chairman Anil Agarwal told Anglo not to sell South African assets

Tue, May 01, 2018

Anglo's share price has risen as much as 50 per cent since September 20 when Agarwal`s Volcan Investments said it was raising its stake and is now about a third higher, according to Thomson Reuters` data.

First case under NCLT process resolved; Vedanta bags Electrosteel

First case under NCLT process resolved; Vedanta bags Electrosteel

Wed, Apr 18, 2018

An operational creditor of Electrosteel, SRG Earth Resources contested that resolution professional has not admitted its full claim. Its demand was also rejected.

On NPAs' crisis, Vedanta chief Anil Agarwal says 'there will be no shortage of money for good work'

On NPAs' crisis, Vedanta chief Anil Agarwal says 'there will be no shortage of money for good work'

Mon, Apr 16, 2018

"I am an ordinary person, who has been laden with ample amount of money, that to in a foreign land. In recent past (on a Friday), I decided to bid for the Essar Steel but needed to have a commitment of Rs 35-40,000 crore in the bank. To try my luck, I just gave a phone call and Rs 60,000 crores was available in my account," said Anil Agarwal, the founder and Chairman of Vedanta Resources Plc.

Vedanta says Indian copper smelting plant expansion on track

Vedanta says Indian copper smelting plant expansion on track

Wed, Apr 11, 2018

Vedanta Resources said on Wednesday its plans for capacity expansion at the Thootukudi copper smelting plant in Tamil Nadu were on track, a day after its application to renew operations was rejected by the state pollution regulator.

Vedanta, ArcleorMittal, Numetal-JSW submit plan for Essar Steel in round 2

Vedanta, ArcleorMittal, Numetal-JSW submit plan for Essar Steel in round 2

Mon, Apr 02, 2018

JSW has joined hands with the Mauritius-based investment vehicle Numetal for placing its bid. Only two players, ArcelorMittal and Numetal, had submitted bids for Essar Steel on February 12 in the first round. Both the bids, however, were rejected by the SBI-led consortium of creditors finding them ineligible under the IBC laws that debar related parties from bidding

FAST MONEY: Vedanta, Union Bank among 10 intraday tips for today's trade

FAST MONEY: Vedanta, Union Bank among 10 intraday tips for today's trade

Tue, Mar 13, 2018

The benchmark indices are expected to open on a flat to negative note on Tuesday after rally in Asian markets stalled as Wall Street shares lost steam, while the dollar sagged on the back of declining US yields.

Vedanta, Adani Power among key intraday tips for today's trade

Vedanta, Adani Power among key intraday tips for today's trade

Wed, Mar 07, 2018

The benchmark indices are expected to extend losses for the fifth straight session on Wednesday, tracking negative trend in Asian markets after a key advocate for free trade in the White House announced his resignation, fanning fears President Donald Trump would go ahead with tariffs and risk a t

Sensex, Nifty trade rangebound; Nifty PSU Bank top loser

Sensex, Nifty trade rangebound; Nifty PSU Bank top loser

Wed, Feb 14, 2018

The domestic market opened higher on Wednesday even as Asian markets were trading mixed as investor nerves were strained ahead of a US inflation report that could soothe, or inflame, fears of faster rate hikes globally.

Sensex, Nifty at record highs ahead of Economic Survey 2018

Sensex, Nifty at record highs ahead of Economic Survey 2018

Mon, Jan 29, 2018

The Economic Survey is the ministry's view on the annual economic development of the country, and will set the tone for the Budget 2018, to be unveiled on February 1.

Markets end at fresh peak! Nifty settles above 11,000, Sensex at 36,139

Markets end at fresh peak! Nifty settles above 11,000, Sensex at 36,139

Tue, Jan 23, 2018

Gains in global markets after US lawmakers passed a short-term measure to fund the federal government through Feb. 8, ending a three-day government shutdown, also boosted investor sentiment.

India not to sell Cairn Energy shares to recover tax

India not to sell Cairn Energy shares to recover tax

Sun, Nov 19, 2017

Cairn Energy holds 4.95% stake in Vedanta Ltd that the income tax department had attached in January 2014 after slapping the British firm with a Rs 10,247-crore tax demand over a decade-old internal reorganisation of Indian business.

Vedanta's Q4 consolidated net profit at Rs 2,989 crore

Vedanta's Q4 consolidated net profit at Rs 2,989 crore

Tue, May 16, 2017

Vedanta`s consolidated revenue during the quarter under review rose by 41 per cent to Rs 22,371 crore from Rs 15,828 crore earned during Q4 of FY16.

Vedanta completes Cairn merger

Vedanta completes Cairn merger

Tue, Apr 11, 2017

In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders like LIC.

Vedanta announces Rs 6,580 crore dividend payout

Vedanta announces Rs 6,580 crore dividend payout

Thu, Mar 30, 2017

The board of directors of the company have also approved the second interim dividend of Rs 17.70 per equity share i.E. 1,770 per cent on face value of Re1 per share for the financial year 2016-17, the company said.

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Thu, Mar 23, 2017

Vedanta in a BSE filing said, “The National Company Law Tribunal has approved the scheme of arrangement between Vedanta and Cairn India, and their respective shareholders and creditors ('Scheme').

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