ZINC PRICES
Vedanta turns a money-spinner for investors. What's pushing it on?
Shares of Anil Agarwal-owned Vedanta Group, including Vedanta Ltd and Hindustan Zinc Ltd, have surged by Rs 2.2 lakh crore, doubling from their 52-week lows. Vedanta's growth exceeds other top Indian businesses like Reliance and Tata Groups. Brokerages have raised price targets on Vedanta, citing operational efficiencies and demerger prospects. Vedanta plans to invest $20 billion in India, focusing on technology and electronics. Agarwal aims to monetize the steel business to cut debt.
Vedanta promoted Hindustan Zinc's shares jump 6% on MoU with US battery maker
Hindustan Zinc's shares surged 6% after signing an MoU with AEsir Technologies, Inc. for zinc supply, a key material for next-gen batteries. AEsir specializes in zinc battery tech, part of global energy transition efforts.
Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh cr in market cap
Vedanta Group comprising, Vedanta Ltd and Hindustan Zinc Ltd, have generated the maximum wealth for investors on the Dalal Street in the current fiscal so far, with the combined market valuation of both firms surging by Rs 2.2 lakh crore.
Consistent winners! 9 multibaggers boast of 25% profit margins for four consecutive quarters
India Inc ended FY24 on a strong note with 9 companies maintaining profit margins above 25%, including Motilal Oswal, Tata Investment, and Hindustan Zinc.
Copper slides as China factory output data disappoints
Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the Shanghai Futures Exchange slid 2% to 78,110 yuan.
Buy Hindustan Zinc, target price Rs 890: Anand Rathi
Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 290807.58 Crore) operating in Metals - Non Ferrous sector.
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Gold Price Today: Yellow metal prices fall by Rs 3,400/10 grams in 20 days; silver drops Rs 6,000/kg
Gold prices on MCX fell by Rs 3,400 in 20 days, opening at Rs 71,012 per 10 grams. Silver contracts on MCX also dropped sharply. The decline was triggered by a strong US jobs report impacting the USD and Federal Reserve decisions.
PV Sindhu invests in biofortified staples brand Better Nutrition
PV Sindhu, Indian badminton player, has injected an undisclosed amount in Better Nutrition, a biofortified staples brand from Greenday that offers agri-input services such as biofortified seeds, fertilisers and agronomic practices.
JSW Steel comes out with a new product for green energy space
JSW Steel is producing 'JSW Magsure', a zinc-magnesium-aluminium alloy coated steel product, to replace imports in India. The product, which had a demand of around 100,000 tonnes in 2023-24, is expected to reach 250,000 tonnes this year due to renewable energy. The company plans to supply 120,000 tonnes of JSW Magsure domestically and export the remaining 25,000 tonnes.
Hindustan Zinc makes a new high on silver rally
Silver is a byproduct of zinc mining, and Hindustan Zinc achieved record-high saleable silver production of 746 metric tonnes, up 5% year-on-year in FY24 while its zinc production remained stagnant at 8,17,000 metric tonnes.
Hindustan Zinc shares double in 1 month but the boom isn't so much about zinc
Hindustan Zinc is also the best-performing metal stock in 2024 so far with a staggering return of 146% YTD. It is India's only silver producer and after recording its highest-ever silver production in FY24, it has become the third-largest silver producer globally.
We are expecting copper prices to touch $11,500 in LME: Vandana Bharti, SMC Global
Vandana Bharti expects further upside in base metals with potential Fed rate cuts stimulating economic activity and demand. The de-dollarization trend and high CPI in the US are key factors driving copper and industrial metal prices higher.Bharti says: "We are expecting that in LME we can see a level of $11,500 and on COMEX, we are expecting $5.5 or $5.75 in copper."
Metal stocks rally on China's realty stimulus, LME gains
Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco moved up over 4%, while Tata Steel, JSW Steel, and Hindustan Copper rose over 3% each.
Nifty Metal index crosses 10,000 mark for first time as stocks rally up to 20%
The index has been rising, making new highs since the second half of 2023. It made new all-time highs in 5 consecutive trading sessions. A significant surge in demand from China is believed to drive the rally in the metal space.
What to do with Tata Motors, Mamearth and 4 other stocks? Religare Broking's Ravi Singh decodes
Dr Ravi Singh predicts Nifty testing highs at 22,800 levels amidst positive sentiment. Investors advised on stop losses in volatile markets and quality stock selection in the banking sector. Traders recommended actions on top gaining stocks like Hindustan Zinc and Tata Motors.
Silver prices hit all-time high of Rs 87,476, jump Rs 6,600 in May so far
Silver prices surged 8% on Thursday to hit a fresh all-time high of Rs 87,476 per kg. ANZ analysts forecast it to exceed $31 by 2024, driven by strong fundamentals, rising gold prices, and unique industrial properties. The market is influenced by speculators, record-high gold prices, geopolitical tensions, and factors like momentum-driven buying and interest rate cuts, amid the metal's high volatility.
Silver surges Rs 1,800 to hit all-time high; gold jumps Rs 650
Silver soared by Rs 1,800 to hit a fresh record high of Rs 88,000 per kg on Thursday, while gold prices jumped Rs 650 to Rs 74,050 per 10 grams in line with strong global trends.
Most trusted Magnesium Supplements in India for overall wellness
The article lists magnesium supplements, highlighting their various benefits and features. It also outlines how magnesium supplementation can address common health concerns such as muscle cramps, sleep disturbances, and stress. Additionally, the article emphasizes the importance of magnesium in maintaining overall health and well-being, making it a valuable resource for those seeking to incorporate magnesium into their daily regimen.
Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday
On August 31, 2015, Hindustan Zinc took the support of 200 and 50-EMA (placed at 127) and rallied up to 340, but then corrected towards the 200-EMA (placed at 157), making a higher low.
Hindustan Zinc surges 19% to a record; experts against fresh entry now
Hindustan Zinc's rally to ₹540.95 was driven by silver prices and optimism, despite concerns like rising debt and limited free float. Analysts caution on valuations, advising buying on dips around ₹430 for short-term support.
Metal stocks rally up to 14% on China demand
Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.
Anil Agarwal likens critical minerals to gold, says India should ensure self-sufficiency
The chairman of the natural resources conglomerate Vedanta said that not only are these minerals fundamental for new age technologies, they are also green metals.
Hindustan Zinc announces Rs 10 dividend, shares drop 4%
Hindustan Zinc Dividend: The record date of payment of the interim dividend is Wednesday, May 15, 2024, and the Interim Dividend shall be duly paid within the stipulated timelines as prescribed under law, it said.
Zinc prices may cross $3,000 per tonne mark in Aug or Sept: Arun Misra, Hindustan Zinc
We do not propose to do recycling company just now. So, together it will be two companies only. And we also believe that this price of the share in the market is the right time to do the divestment so that government gets maximum value of the shares that they hold. So, if they can complete the divestment process in three to six months, then it will be very easy for us to do the restructuring.
Hindustan Zinc to continue to engage with govt on demerger proposal: CEO
Hindustan Zinc had earlier announced plans to spin off its businesses into separate entities, including zinc and silver, to increase its market capitalisation.
Hindustan Zinc Q4 Results: PAT slumps 21% YoY to 2,038 crore, revenue falls 12%
Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.
Silver hits lifetime high. Will the rally continue?
The bullish rally in gold also had a positive influence on silver prices. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices, often following the trends of gold prices
Metal stocks may be at the start of a short-term upward cycle: Kunal Shah, LKP Securities
“Nifty is currently consolidating at higher levels, caught within a broad trading range. Key support lies in the 22,300 to 22,500 zone, with resistance at 22,800,” says Kunal Shah.
Vedanta shares rally 7% after CLSA upgrades stock citing commodity upcycle
The brokerage said that Vedanta is well placed to benefit from the commodity upcycle given its diversified exposure. Additionally, the company's efforts to raise capacity and profitability across segments through its ongoing capex activities also augurs well.
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