Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?
Vedanta’s demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating ‘Buy’ ratings and projecting substantial upside.
India’s growth story, not AI trade reversal, will drive foreign flows: Sameer Dalal
India’s economic strength, not AI’s decline, will drive foreign capital inflows, according to Sameer Dalal. He believes AI’s market correction is temporary, while India’s improving fundamentals, including falling crude prices and monsoon progress, position it for growth. Dalal remains bullish on pharma and cement sectors, sees achievable targets for Tata Motors, and suggests patience for […]
LIC dividend alert! Last day to buy insurance behemoth’s shares for Rs 10 dividend
LIC has fixed June 25 as the record date for its Rs 10 final dividend, making today the last opportunity for investors to buy shares to qualify under the T+1 settlement cycle. The payout, subject to AGM approval, comes alongside broader dividend announcements across several listed companies.
TCS, Infosys, 8 other IT stocks plunge up to 38% in 2026. How many do you own?
Indian IT stocks are facing a significant downturn in 2026, with major players like TCS and Infosys experiencing substantial drops of up to 38%. Foreign investors have divested heavily from the sector, pulling billions from Indian equities. LTI Mindtree leads the decline, followed closely by Infosys and TCS, as global capital shifts towards East Asian […]
India’s textile industry poised for long-term growth as global sourcing shift gathers pace: Siddhartha Khemka
India’s textile sector is poised for significant growth, driven by a global shift in sourcing away from China and a cyclical recovery in demand. Experts highlight that geopolitical risks and rising costs are pushing brands to diversify, creating a multi-year opportunity for India. Proposed free trade agreements with the UK and EU are expected to […]
Bajaj Auto shares fall 2% as firm, subsidiary fall prey to ransomware attack
Bajaj Auto shares dipped 2% following a ransomware attack on its systems and subsidiary, Bajaj Auto Technology Ltd, on June 23, 2026. The company is taking immediate steps to contain the impact. This news surfaces just before the June 24 record date for its substantial Rs 5,632 crore share buyback, set to commence on July […]
Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here’s why
Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an ‘Outperform’ rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company’s cost position. Robust demand from electrification and constrained supply are expected to support higher aluminium prices […]
IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know
IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock’s free float and liquidity. The sale, part of the Centre’s divestment drive, follows similar offerings in other public sector undertakings. Despite a significant […]
Clay Craft India shares to list today. Check GMP ahead of debut
The Rs 110.11-crore NSE SME IPO was subscribed 103.06 times during the three-day bidding period, led by strong demand from non-institutional investors and qualified institutional buyers.
Liotech Industries eyes muted BSE SME debut. Check GMP ahead of listing
The Rs 36.02-crore IPO received a subdued response from investors, with the issue being subscribed 1.91 times during the three-day bidding period. The retail portion was subscribed 2.97 times, while the non-institutional investor (NII) category remained undersubscribed at 0.85 times.