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The Nifty Metal Index has surged significantly since November, delivering 11.6% year-to-date returns. In comparison, the Nifty 50 and Nifty 500 have yielded 2.7% and 5.7%, respectively. Despite global headwinds, metal companies with stable cost structures can prove effective long-term bets amid strong domestic demand. Should you invest in metal stocks now? ....
Mint’s analysis reveals a net decline in promoter pledges across sectors including energy, infrastructure, IT, pharmaceutical, and retail.Jindal Stainless, Jindal Steel, Adani Power, Vedanta, Suzlon Energy, and Tata Motors witnessed significant decreases in pledged holdings in FY24 ....
India is targeting a wind power capacity of 140 GW by 2030 more than 3 times the current capacity of 40 GW. The demand for minerals which are required to build this infrastructure will grow exponentially, the Vedanta chairman wrote in a post on X (formally Twitter) ....
After gaining 16-25% over the last month, shares of both Hindalco Industries and National Aluminium Co tested their lifetime highs on Friday. Shares of Vedanta, the countrys largest producer of the metal, have jumped nearly 48% in a month and are at their highest level in two years. ....