Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%
Vedanta reported a 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kt, driven by expanded capacity. Compared to Q1FY24’s 395 kt, this marks an 11% quarterly rise from 484 kt in the previous March quarter.
This Ashish Kacholia-backed multibagger stock to split one equity share into 10
On Wednesday, Aditya Vision closed at Rs 4,572.95, up by Rs 93.75 or 2.09%. On Monday, it hit a 52-week high of Rs 4,800. Over the last 12 months, this stock has delivered multibagger returns of 186%. In 2024, its returns so far stand at 33%.
Bajaj Finance Q1 Update: New loans rise 10% YoY; AUM jumps 31% to Rs 3,54,100 crore
In its quarterly update announced on Wednesday after market hours, Bajaj Finance stated that it has resumed loan sanctions and disbursals under the ‘eCOM’ and ‘Insta EMI Card’ programs, as well as the issuance of EMI cards, following the RBI’s removal of restrictions on these activities on May 2, 2024.
Grasim, Reliance among top 10 Nifty stocks trading at premium of over 30%
According to analysis by domestic brokerage firm Motilal Oswal, nearly half of the Nifty constituents are trading above their historical average prices.
Fitch assigns ‘BBB+’ rating on Larsen & Toubro; outlook stable
The company’s strong market position as a leading global engineering and construction firm, combined with above-average profitability and solid revenue visibility, is reflected in its ratings. The credit rating agency noted that the stable outlook indicates the company will maintain comfortable leverage, supported by sustained EBITDA growth and prudent financial management, despite higher growth investments.
Tech View: Nifty needs a decisive move above 24,400. Here’s how to trade on Thursday
Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry.
What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers
An average customer earning Rs 30,000 to Rs 40,000 per month can expect to save about Rs 1,500 per month by using CNG as a fuel. Also, CNG, while still a carbon-based fuel, has far less carbon content, and to that extent, it is much more beneficial from an environmental point of view than diesel […]
Hot stocks: Brokerage view on HDFC Bank, M&M Finance and Avenue Supermarts
Jefferies and UBS rate HDFC Bank as Buy. Jefferies also buys M&M Finance; Citi is neutral on M&M. UBS reiterates Buy on HDFC Bank. Citi rates Avenue Supermarts neutral; Morgan Stanley sees it overweight, with sell ratings from both firms.
Adani saga heads for a messy closure
SEBI-Hindenburg clash escalates, questioning SEBI’s actions and hindering the closure of the Adani controversy, showcasing the evolving dynamics in the financial market regulatory landscape.
Big movers on D-Street: What investors should do with Kotak Bank, Solar Industries, and Max Health
Equity indices Sensex and Nifty hit lifetime highs but closed flat amid profit-taking in the banking and telecom sectors. Solar Industries rose 8.23%, Kotak Bank fell 2.49%, and Max Health dropped 4.46% Wednesday.