Vedanta shares plunged 7% to Rs 410 as the US dollar hit a record high, weakening the Indian rupee and hurting metal stocks. Trump tariffs fueled market concerns, impacting Nifty Metal stocks. Vedanta’s Q3 earnings showed a 76% YoY profit jump, while analysts see a 22% upside with a Rs 513 target price.
Sundaram Alternates floats hybrid fund, to raise Rs 1,500 crore
Sundaram Alternates is launching a hybrid private credit and equity fund targeting ₹1,500 crore, aiming for 18-20% returns. The fund will allocate 51-60% to listed