Vedanta

Stock market today: Gift Nifty was trading near the 24,340 mark, down over 13 points from the previous close of Nifty futures.

The proposed 2 mtpa plant in Odisha would also help India reduce its reliance on imported aluminium, a light-weight metal that is increasingly used in electric vehicles

After a significant acquisition by Premji Invest, Vedanta Iron & Steel shares surged, reaching an all-time high. Other Vedanta companies also saw gains. Analysts note the stock's upward trend.

The project was delayed by pending statutory approvals, including environmental clearances and consent-related approvals from regulators

The company aims to produce more than 150,000 barrels of oil equivalent per day (boepd) by FY29, up from 87,000 barrels in FY26, according to an analyst who attended the demerged company's first investor meet last week.

Stock market today: On Thursday, the Nifty 50 climbed 0.83% to finish at 24,021, and the Sensex rose 1% to close at 76,991.

CLSA assigned an ‘Outperform’ rating on Vedanta Aluminium Metal shares, with a target price of ₹ 540 apiece, based on 6x FY28CL EV/Ebitda. The target price implies an upside potential of 18% from Tuesday’s closing price.

Stock market today: On Tuesday, Sensex tumbled 893.39 points, or 1.16%, to end the session at 76,200.68, while the NSE Nifty 50 declined 278.80 points, or 1.16%, to close at 23,824.10.