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Economic Times
17-07-2025
- Business
- Economic Times
Hindustan Zinc shares in focus after winning 1,841-hectare potash-halite block in Rajasthan
Hindustan Zinc has declared its first interim dividend for the financial year 2025–26. Synopsis Hindustan Zinc posted its highest-ever Q1 mined metal production at 265 KT, up 1% YoY, though down 15% QoQ due to routine mine prep. Refined metal and silver output declined due to maintenance and lower ore quality. Subsidiary HZL Alloys hit record production, while wind power generation surged 113% QoQ, aided by seasonal patterns. Shares of Hindustan Zinc Limited (HZL), a Vedanta Group company, will be in focus on Thursday after the firm announced it has received a Letter of Intent (LoI) from the Ministry of Mines for a major mineral block in Rajasthan. ADVERTISEMENT The LoI pertains to the grant of a composite license for the Jhandawali–Satipura Amalgamated potash and halite block, located in the Hanumangarh district and spanning 1,841.25 hectares. The license was awarded through an e-auction process, in which Hindustan Zinc emerged as the preferred bidder. Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23% Hindustan Zinc reported its highest-ever Q1 mined metal production at 265 kilo tonnes, up 1% year-on-year. However, production was down 15% sequentially due to routine mine preparation activities during the metal output stood at 250 kilo tonnes, down 5% YoY and 7% QoQ. This included 202 kilo tonnes of refined zinc and 48 kilo tonnes of refined lead, both impacted by lower plant availability and scheduled maintenance shutdowns. Meanwhile, Hindustan Zinc Alloys, a wholly owned subsidiary, recorded its highest-ever quarterly production at 5.1 production declined to 149 tonnes, down 11% YoY and 16% QoQ, largely due to lower silver content from the SK mine and a high base in the previous quarter owing to work-in-progress liquidation. ADVERTISEMENT Wind power generation rose sharply to 134 million units, up 24% YoY and 113% sequentially, supported by seasonal wind patterns. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
17-07-2025
- Business
- Economic Times
Gold outperforms other assets with 26% returns in H1 2025
Elevated gold prices likely to continue to curb consumer demand & potentially encourage recycling Synopsis Gold investments provided high returns in the first half of 2025. India saw 26% returns, while Turkey topped with 41%. China and India's local gold prices influence buying decisions. Experts predict mixed results for the second half. Lower interest rates and uncertainty may boost investor interest. Central bank demand will likely remain strong. Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
16-07-2025
- Business
- Economic Times
Market Wrap: Sensex adds 63 points, Nifty above 25,200 as PSU banks, IT stocks lift D-Street
Synopsis Indian benchmark indices Sensex and Nifty closed marginally higher on Wednesday, recouping early losses as gains in PSU banks and IT stocks helped offset broader regional weakness stemming from renewed concerns over rising U.S. inflation. sensexniftyindian stocksgainerslosersshare pricestock update Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
16-07-2025
- Business
- Economic Times
Paytm shares cross Rs 1,000 mark, rise 3% amid high volume
Paytm shares crossed Rs 1,000 mark amid strong trading activity. Synopsis Paytm shares: As of June 30, 2025, foreign institutional investors (FIIs) held a 54.9% stake in Paytm, mutual funds owned 13.9%, public shareholders held 29.3%, and the remaining 2% was held by other investors. Shares of One 97 Communications (Paytm) jumped nearly 3% to Rs 1,014.30 in Wednesday's trade on the NSE, crossing the Rs 1,000 mark amid strong trading activity. Around 23.3 lakh shares worth Rs 234.6 crore changed hands during the session. ADVERTISEMENT As of 30 June 2025, foreign institutional investors (FIIs) held a 54.9% stake in Paytm, mutual funds owned 13.9%, the public held 29.3%, and the remaining 2% was with other investors. Paytm's parent company, One97 Communications, posted a consolidated net loss of Rs 540 crore in Q4FY25, slightly lower than the Rs 550 crore loss in the same quarter last year. Revenue from operations declined 16% year-on-year to Rs 1,912 crore in Q4FY25 from Rs 2,267 crore a year ago. On a sequential basis, net loss widened from Rs 208 crore in Q3FY25, while revenue rose 5% from Rs 1,828 to Trendlyne, the average target price for Paytm stands at Rs 958, suggesting a potential downside of nearly 5% from current levels. Of the 17 analysts covering the stock, the consensus rating remains 'Hold'. ADVERTISEMENT Technically, Paytm shares are showing strong bullish momentum. The Relative Strength Index (RSI) is at 69.9, close to the overbought zone of 70, while the MACD is at 12.1 and remains above its center and signal lines—another bullish indicator. The stock is currently trading above all key moving averages—5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day—reinforcing the strength of the ongoing uptrend. ADVERTISEMENT Year-to-date, Paytm shares are up just 2%, but the stock has delivered an impressive 120% gain over the past 12 months. Its current market capitalisation stands at Rs 64,193 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
16-07-2025
- Business
- Economic Times
Stock market update: Nifty IT index advances 0.14% in a weak market
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs. Synopsis The Nifty IT index was trading 0.14 per cent up at 37476.05. NEW DELHI: The Nifty IT index traded positive around 11:03AM(IST)on Wednesday in a weak market. ADVERTISEMENT LTIMindtree Ltd.(up 0.95 per cent), Wipro Ltd.(up 0.92 per cent), Infosys Ltd.(up 0.48 per cent), Tech Mahindra Ltd.(up 0.35 per cent) and MphasiS Ltd.(up 0.32 per cent) were among the top gainers. Coforge Ltd.(down 0.89 per cent) and Tata Consultancy Services Ltd.(down 0.58 per cent) were the top losers on the index. The Nifty IT index was up 0.14 per cent at 37476.05 at the time of writing this report. Benchmark NSE Nifty50 index was down 55.96 points at 25139.85, while the BSE Sensex was down 168.78 points at 82402.13. Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red. ADVERTISEMENT Shares of Vodafone Idea, JP Power, Network18 Media, Ola Electric Mobilit and YES Bank were among the most traded shares on the NSE. Shares of Fischer Chemic, Magellanic Cloud, Sangam Renewables, Mas Fin Services and NACL Industries hit their fresh 52-week highs in today's trade, while LCC Infotech, HDB Financial Servic, Vipul Ltd, Raymond Realty and Shree Vasu Logistics hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
