Vedanta to use Rs 8,500 crore QIP to repay Union Bank of India, Oaktree and Deutsche Bank

Vedanta to use Rs 8,500 crore QIP to repay Union Bank of India, Oaktree and Deutsche Bank

Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more

Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO

Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO

Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The IPO is a mix of fresh issuance of Rs 550 crore and an offer for sale (OFS) of up to 2.16 crore equity shares by … Read more

Tech View: Nifty giving non-directional moves. Here’s how to trade on Friday

Tech View: Nifty giving non-directional moves. Here’s how to trade on Friday

Nifty ended Thursday’s weekly expiry session 51 points higher to form a high wave type candlestick on the daily charts. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 levels (mid part of Tuesday’s long bear candle) recently, the index could move towards the next … Read more

Campus Activewear shares rally 13% after Q4 results. Should you buy, sell or hold?

Campus Activewear shares rally 13% after Q4 results. Should you buy, sell or hold?

Shares of Campus Activewear on Wednesday rallied 13% after the company reported a 42.6% YoY increase in its PAT for the fourth quarter of the financial year 2024. The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 … Read more

Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more

Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4

Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4

Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more

Tech View: Nifty forms Doji candle ahead of monthly expiry. What traders should do on Thursday

Tech View: Nifty forms Doji candle ahead of monthly expiry. What traders should do on Thursday

Nifty on Wednesday ended 34 points higher to form a Doji candle on the daily chart, which indicates indecisiveness prevailing in the marketplace at the current juncture as it coincides with a critical resistance level of 61.8% retracement and a bearish gap. Going ahead, 22,500 level remains a significant resistance on the monthly expiry day, … Read more

Tech View: Nifty short-term trend choppy. What traders should do on Wednesday

Tech View: Nifty short-term trend choppy. What traders should do on Wednesday

Nifty on Tuesday ended 32 points higher to reclaim its level above 20-DEMA placed at 22,309 and form a small negative candle, which is indicating ongoing range bound movement in the market. The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. Further consolidation or minor dip could be a buying … Read more

Tech View: Nifty forms long-legged Doji candle. What should traders do on Tuesday

Tech View: Nifty forms long-legged Doji candle. What should traders do on Tuesday

Nifty on Monday ended 189 points higher to form a long-legged Doji candle pattern on the daily chart as it managed to move above the initial hurdle at 22,300 levels. If the index manages to sustain above 22,500, the market could even reach new all time highs in the near term. Immediate support is at … Read more