Shares of Hindustan Zinc have rallied sharply, rising 16.8% over the past four sessions to their high of Rs 546.95 on the BSE, buoyed by the ongoing rally in silver prices, which recently touched fresh lifetime highs in the domestic market. The surge comes as silver continues to attract investor interest as both an industrial … Read more
In the NSE Large Cap pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 5, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above … Read more
De-escalation in the US-China trade war sparked a strong rally in Indian metal stocks, which surged over 8% on Monday. The jump came after the world’s two largest economies agreed to significantly ease their tit-for-tat tariffs for a 90-day period. The rally was supported by a sharp uptick in global metal prices, driven by optimism … Read more
Hindustan Zinc‘s consolidated profit surged 47% on year to ‘3,003 crore to a new record for the fiscal fourth quarter, aided by higher prices of zinc sold, softer input costs and higher sales of by-products. Total income from operations at the Anil Agarwal-owned company rose 20% to 9,087 crore during the quarter, while the earnings … Read more
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 … Read more
Anil Agarwal-led Vedanta shares will be in focus on Monday after the company emerged as the preferred bidder for a diamond mine in Madhya Pradesh. The company announced that the Madhya Pradesh Department of Geology and Mining had invited tenders for the Kauhari Diamond Block through e-auction for a composite licence. Vedanta participated in the … Read more
The second quarter earnings season is underway and 44 companies will announce their numbers for the July-September 2024 period on Friday. Key results to watch out include from Jio Financial, Tata Consumer, ICICI Lombard and ZEEL. Apart from the above, Advik Capital, Best Agrolife, Duncan Engineering, Hindustan Zinc, Indostar Capital, Manba Finance, L&T Finance, Roselabs … Read more
Indian markets opened at record highs but experienced some correction due to a lack of sustained buying on Tuesday. In today’s trade, shares of YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc due to various developments. DMartAvenue Supermarts, which operates DMart stores, reported a standalone revenue of Rs 13,712 crore for the quarter ended June … Read more
The Indian market recouped losses to close in the black. The S&P BSE Sensex rose over 260 points, while the Nifty50 reclaimed 22,000. Sectorally, buying was seen in telecom, metal, oil & gas, power, and utilities, while selling was seen in banks, realty, and IT stocks. Stocks in focus include names like Hindustan Zinc, which … Read more
The fourth quarter earnings season is underway and it has been a mixed one for the IT sector. While TCS’ fourth-quarter numbers were better than expectations, Infosys missed estimates on revenue and FY25 guidance. On Friday, as many as 15 companies will announce their quarterly numbers with some of the major ones in the mix, … Read more