New Delhi: Bulls lost momentum during the holiday-trimmed week as domestic equity benchmark indices settled lower during the week, thanks to profit booking after a good start at the beginning of the week. Both Sensex and Nifty touched their fresh record high levels of 56,118.57 and 16,701.85, respectively, but settled about half a per cent … Read more
The current trend in the sector is likely to continue with restrictions in China and improved global demand, said analysts. Synopsis The recent correction in metal stocks offers a good buying opportunity as the sector continues to shine in the near term with higher consumption forecast, balance sheet repair, and new demand from electric vehicle … Read more
Market expert Kunal Bothra is bullish on UPL, RIL and SML Isuzu for this week. Excerpts from an interview: What an exciting week particularly for the mid and small cap traders. Absolutely. It was a breathtaking week for the markets. The markets were very sluggish in the last two months. There was hardly any kind … Read more
(This story originally appeared in on Jun 16, 2021) MUMBAI: In its order approving the resolution plan submitted by for the Videocon Group, the National Company Law Tribunal (NCLT) has raised doubts over maintenance of confidentiality during the process. NCLT has highlighted how Vedanta’s bid was close to the liquidation value, which is a secret. … Read more
Last week, when India’s 3rd largest refiner decided to sell a large chunk of its treasury stocks in the market, the brisk response from institutional investors prompted the company and its bankers to upsize the issue to Rs 5,525 crore ($750 million) from the plan initial of $500 million. Within 12 hours, 126 million shares … Read more
New Delhi: Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatise. Government sources told TOI that Vedanta is among the “multiple suitors” for the oil marketing company. The names of the two funds were not immediately known. … Read more
MUMBAI: Shares of mining firm Vedanta hit the lower circuit as they tumbled 10 per cent on Monday, after its delisting offer failed to garner enough bids on the bourses. Vedanta shares were down 9.99 per cent at Rs 109.90 on the BSE, while benchmark Sensex was up 324.14 per cent at 40,879 points. The … Read more
A BSE spokesperson said IBBS platform, the order entry system of BSE, worked throughout the day without any hitch and not a single complaint from any broker member was received on the functioning of the system. Synopsis However, in this case, the quantum of 120 million unconfirmed bids until the end of the delisting closing … Read more
So long-term investors in Vedanta, it is time to switch over to a better stock, says Mahantesh Sabarad, head of retail research at SBICAP Securities. On Vedanta delistingI do not belong to the camp that says that the delisting price will be somewhere around Rs 175-190. It is very clear even from the current book … Read more
LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy. In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on … Read more