Vedanta Ltd (NSE: VEDL) has announced its plan to sell up to 1.6% stake in Hindustan Zinc Ltd through an Offer for Sale (OFS). The company aims to raise around Rs 4,600 crore from this stake sale.
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IT Stock Rallies 3% After 3:1 Bonus Announcement, Net Profit Jumps 173% YoY
An IT sector stock came into the spotlight after it announced a 3:1 bonus issue along with strong quarterly results. After the news, the stock price jumped nearly 3% in intraday trade, attracting strong interest from retail investors.
Adani Group Stocks Fall as $12.5 Billion Market Value Wiped Out After SEC Move
Shares of several Adani Group companies came under heavy pressure, wiping out nearly $12.5 billion (around ₹1 lakh crore) in market value in a single session. The fall came after news that the US Securities and Exchange Commission (SEC) has approached a court to seek permission to serve summons on certain individuals linked to the group.
IndiGo Q3 Net Profit Falls 78% in December Quarter Despite Strong Passenger Demand
New Delhi: India’s biggest airline, IndiGo, on Thursday reported a 78 per cent slump in December quarter net profit as flight disruptions and implementation of the new labour code took a toll on its earnings.
Bandhan Bank Shares Rise 5% After Motilal Oswal & JM Financial Upgrade; Target Price Revealed
Shares of Bandhan Bank surged nearly 5% on Friday, touching an intraday high of ₹150.50 on the BSE, after leading brokerages Motilal Oswal and JM Financial upgraded the stock and raised their target prices.