Tuesday 20 March 2018

Nifty Metal Index Extends Losing Streak As Vedanta Down 5%

Posted by suhani varma on Tuesday, March 20, 2018 with No comments



Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 20 March 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 20 March 2018.
--------------------------------------------------------------------------------------------------------------------------------

Shares of Vedanta slumped as much as 7.6% during the day as the stock traded ex-dividend on the exchanges.The Nifty Metal index extended its losing streak to the fifth straight session as losses in index heavyweight Vedanta weighed.

Shares of Vedanta slumped as much as 7.6% during the day, as the stock traded ex-dividend on the exchanges. Vedanta Ltd is currently trading at Rs291, down by Rs16.5 or 5.37% from its previous closing of Rs307.50 on the BSE. The scrip opened at Rs284.85 and has touched a high and low of Rs293.30 and Rs283.50 respectively. So far 82,63,022 (NSE+BSE) shares were traded on the counter.

However, losses in the index were limited due to gains in Tata Steel, Jindal Steel & Power and Steel Authority of India, which rose 2-4%.

Vedanta is a conglomerate with a wide commodity mix covering iron ore, zinc, copper, aluminium, coal, oil & gas and others. The company stated the following production guidance for FY18E – (1) Zinc-Lead at 1,110kt; (2) Silver at over 500 tonnes; (3) Alumina and alumiunium production at 1.3mt and 1.5mt respectively; (4) copper at 400kt; and iron ore production at 7.8mtpa. The company also operates power generation assets in India for both captive consumption as well as commercial generation. Captive power generation capacity stands at 5.1GW. Capacity of Independent Power Projects stands at 3.6GW. The company expects capex spends to reach $800mn in 2HFY18E and $1.3bn in FY19E.

For Quick Trial Contact:
✆ -  09699997717
✆ - 0731-6626222 ✔
Mail: info@ways2capital.com
✆ Join us on WhatsApp @ 89620-00225 ✆
✆ 24/7 Customer Care 1800-3010-2007 (Toll Free)

0 comments:

Post a Comment