Latest news with #Vidwani
Time of India
08-07-2025
- Business
- Time of India
Vedanta shares down 2% in 1 year but giving 7% dividend. Is it enough to buy the stock?
Vedanta shares have struggled despite a strong 7% dividend yield and robust operational performance. Analysts remain cautious due to the pending demerger and past governance issues. While some advise waiting, others see long-term value, driven by Hindustan Zinc's growth plans, aluminium expansion, and the company's focus on debt reduction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Vedanta's share price conundrum Tired of too many ads? Remove Ads Metal major Vedanta , one of the top 10 dividend-yielding stocks, has seen its share price struggle on Dalal Street over the past year. Despite offering a healthy 12-month dividend yield of 7%, the large-cap stock has declined 2% in the same period. This raises a crucial question if investors should consider buying it purely for its attractive dividend, despite its uninspiring stock dividend yield in FY24, FY23 and FY22 stood at 7%, 24.2% and 10.7%, respectively according to a note by SBI Bathini, Director-Equity Strategy at WealthMills Securities said that Vedanta shares draw their popularity among investors from high dividend yield. He attributed the current underperformance to the demerger overhang while highlighting that the company has suffered corporate governance issues in the advice to investors is to wait till the time the demerger is similar sentiments, Sunny Agrawal, Head - Retail Fundamental Desk at SBI Securities told ETMarkets to buy the stock only when the demerger takes place as it will unlock value for the analyst Nilesh Jain also does not find Vedanta's current proposition attractive on charts. In the absence of any clear trend, it is best to avoid the stock for now, the Head Vice President, Equity Research Technical and Derivatives at Centrum Broking brokerage firm Emkay takes a contra view on Vedanta stock as it recommends a 'Buy' view on the counter for a price target of Rs 525. The reason for its optimism is Hindustan Zinc (HZL), a key profit driver for Vedanta. The company plans to double its capacity to 2mt by the end of the decade from 1.1mt currently and the first step includes a 250kt zinc smelting expansion at Debari with Rs120bn capex, targeting completion in 36 Vidwani, Research Analyst at Bonanz's Vidwani has also recommended a 'Buy' on Vedanta riding on the prospects of HZL. The profitability will be supported by the price of silver (Hindustan Zinc) and aluminium, while the company's core business remains solid, he said. "Expansion in both upstream and downstream in the aluminium industry, the Sijimali bauxite mine and backward integration for the aluminium smelter will support revenue growth in the upcoming year," he shares have delivered modest returns of 2% so far in 2025, underperforming the Nifty , which is up 7.2% year-to-date and 4.7% over the past 12 months. In comparison, the Nifty Metal index — a benchmark for the sector — has gained 10% YTD but remains down 3.6% on a 12-month prices have not moved despite the merger news. In March, Vedanta extended the deadline of the demerger of its businesses from March 31, 2025, to September 30, 2025, citing pending approvals from government authorities and the National Company Law Tribunal (NCLT). The mining conglomerate is looking to demerge its businesses - aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, which is an Indian arm of UK-based Vedanta Resources. There will be no change in the overall shareholding Anil Agarwal in a letter to company shareholders had said that he envisions each of the four newly demerged companies to potentially grow into a $100 billion company. Post the demerger, every Vedanta shareholder - both retail and institutional - will receive one new share in each of the newly demerged major Vedanta posted strong operational performance in Q1FY26 across its portfolio. The Lanjigarh Refinery reported a record quarterly alumina production of 587 kt, marking a 9% year-on-year and a 36% quarter-on-quarter jump. The mining major had reported stellar Q4FY25 earnings posting a 154% year-on-year rise in consolidated net profit to Rs 3,483 crore while the revenue from operations grew 14% YoY to Rs 40,455 has also been focusing on debt reduction and the company's CFO Ajay Goel in a company filing had said that Vedanta's balance sheet deleveraged by $500 million in Q4 with a closing net Debt of $6.2 billion, enabling substantial improvement in leverage to 1.2x.
Mint
07-07-2025
- Business
- Mint
Stock market today: 59 stocks hit 52-week lows, 156 stocks at 52-week high as Nifty 50, Sensex end flat
Stock market today: On Monday, 156 stocks hit their 52-week high, including Apollo Hospitals Enterprise Ltd, EID Parry India Ltd, Fortis Healthcare Ltd, Glenmark Pharmaceuticals Ltd, Kama Holdings Ltd, Laurus Labs Ltd, L&T Finance Ltd, Muthoot Finance Ltd, Navin Fluorine International Ltd, and The Ramco Cements Ltd. In contrast, 59 stocks touched 52-week lows, with notable mentions like Jindal Worldwide Ltd, Protean eGov Technologies Ltd, R K Swamy Ltd, Dreamfolks Services Ltd, V R Films & Studios Ltd, and Alacrity Securities Ltd. The Indian stock market ended today on a slight positive note despite facing early fluctuations and global uncertainties. The Nifty 50 closed near the 25,461 mark, demonstrating strength after starting the day a bit lower due to worries about the US-India trade agreement and regulatory actions, such as SEBI's temporary ban on the US quantitative firm Jane Street. The Sensex stayed relatively stable, indicating a careful attitude among investors. According to Vaibhav Vidwani, a Research Analyst at Bonanza, the market's positive closing was mainly fueled by ongoing buying interest from domestic institutional investors, which helped mitigate the impact of global trade tensions and profit-taking at elevated levels. Key sectors including FMCG, oil & gas, and real estate experienced selective buying, enhancing the overall stability of the market. Vidwani said that looking forward, market expectations appear cautiously optimistic. The short-term trend is likely to hinge on the clarity surrounding US-India trade discussions and domestic corporate earnings for Q1 FY26. Although global macro factors continue to create volatility, consistent domestic institutional support and strong sector performance may act as a cushion for the markets, facilitating a gradual recovery and consolidation in the weeks ahead.
Mint
12-06-2025
- Business
- Mint
Hindustan Zinc, Hindalco to NALCO: Why were metal stocks in the red today? Analysts decode factors & top stock ideas
Metal stocks: Amid the sharp crash in the Indian stock market today, June 12, metal counters emerged as one of the top casualties, with the 15-constituent Nifty Metal index declining 1.55%. However, this fall comes on the heels of a nearly 4% rally seen in the last one week. Among the 15 metal stocks in the index, 14 closed in the red. Welspun Corp, APL Apollo, Tata Steel, SAIL, Vedanta and NMDC were among the top index losers, shedding between 2-3%. Hindalco, Hindustan Zinc, Adani Enterprises and NALCO also emerged among the losers, down between 0.5% to 1.75%. Jindal Stainless shares were the only ones to defy the weakness in the metal pack and the overall broader market. Analysts largely attributed the fall to profit taking amid a lack of conclusive outcome on the US-China trade deal talks and growing tensions in the Middle East. "Metal stocks started getting into profit-taking zone, driven by the rise in uncertainty in the geopolitical situation, headlined with US-Iraq as well as no clear direction on US-China deal talks. Despite 'frameworks' being reported, concrete outcomes are missing," said Prashant Tapse, Senior (VP) Research at Mehta Equities. Despite today's profit taking, the metal index is in an uptrend for the second month in a row. While it saw a massive fall in April amid a tit-for-tat tariff war between the world's two largest economies, reports of a trade truce brought investors back to metal counters. "Ongoing uncertainties and stalled tariff talks have kept metal stocks volatile. The US-China trade conflict has raised concerns about global demand and supply chain disruptions, impacting metal prices and stocks negatively. China's stimulus measures have been a key driver for metal demand globally. Recent disappointing or unclear stimulus announcements from China, particularly regarding its property sector, which is a major consumer of metals, have dampened hopes for a sustained recovery in metal demand," said Vaibhav Vidwani, Research Analyst at Bonanza. Market dynamics such as profit-taking after previous rallies has also led to selling pressure on Indian metal stocks and the Nifty Metal index, Vidwani added. Going ahead, Tapse expects choppy trading and volatility in metal stocks in the short term, as they are likely to swing with headline news. Technically, he sees more pressure in the metal space, Tapse said, adding that one can use dips as entry points in stocks like JSW Steel and Tata Steel. Meanwhile, Vidwani prefers Hindustan Zinc amid a bullishness in the silver prices. "Hindustan Zinc is the stock we are bullish on because Hindustan Zinc have +15% revenue contribution of silver, and we can expect upward movement in the near term in silver prices, which will support the revenue growth and net profitability of the company, as per the Bonanza analyst. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
30-04-2025
- Business
- India Today
Sensex closes 46 points lower, Nifty below 24,400; Bajaj twins fall 5%
Benchmark stock market indices closed flat on Wednesday after witnessing a volatile trading day due to rising Indo-Pak border tensions which weighed heavily on S&P BSE Sensex was down by 46.14 points to end at 80,242.24, while the NSE Nifty50 lost 1.75 points to close at 24, Vidwani, Research Analyst at Bonanza, said that the market faced pressure primarily due to growing geopolitical tensions along the India-Pakistan border, which weighed on investor sentiment and led to cautious trading throughout the "Investors are closely watching upcoming corporate earnings, alongside developments in US-India trade talks and geopolitical tensions. Overall, the market is expected to remain volatile, driven by global trade developments and domestic geopolitical factors," he Suzuki led the gainers with a strong surge of 3.04%, followed by Bharti Airtel which jumped 2.18%. Sun Pharmaceutical Industries continued its recent positive momentum with a rise of 1.41%, while Power Grid Corporation gained 1.12%, and Hindustan Unilever rounded out the top five gainers with a 0.81% Finserv faced the steepest decline, plummeting 5.45%, while Bajaj Finance tumbled 4.99%. Tata Motors dropped by 3.22%, State Bank of India fell 2.91%, and UltraTech Cement slipped 1.87%.Broader indices saw selling pressure. The Nifty Midcap100 declined 0.85% while the Nifty Smallcap100 dropped 1.73%. Meanwhile, market volatility spiked with the India VIX jumping 4.90%. advertisementAmong sectoral indices, only a handful managed to stay in the green. Nifty Realty emerged as the top performer with a solid gain of 1.91%, while Nifty Pharma and Nifty Healthcare both rose 0.44%. Nifty Auto barely stayed positive with a marginal increase of 0.04%, as did Nifty Oil & Gas which inched up 0.04%.The majority of sectors faced selling pressure with Nifty Media suffering the steepest decline of 2.18%, followed by Nifty PSU Bank which fell 2.23%. Nifty Consumer Durables dropped 0.88%, while Nifty IT decreased 0.35%. Other losers included Nifty Financial Services falling 0.29%, Nifty Metal declining 0.29%, Nifty Private Bank slipping 0.23%, and Nifty FMCG edging down 0.05%."Rotational buying in heavyweight stocks across sectors is helping to cushion the downside. Looking ahead, markets will take cues from global developments on Friday, particularly U.S. GDP data and corporate earnings. In this context, we continue to recommend a stock-specific trading approach, with a focus on buy-side opportunities," said Ajit Mishra – SVP, Research, Religare Broking Ltd.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
