Shares of Vedanta gained on May 17, a day after the board of the mining conglomerate approved raising up to Rs 8,500 crore. The type of issuance is yet to be finalised, it said in a regulatory filing.This is the second time the company is raising funds in the current fiscal year. Last month, it said it would raise up to Rs 2,500 crore through debt securities.Vedanta's Board also approved dividend ...

Ultratech Cements' shares have has given a reversal breakout after trading within a falling channel. On May 17, Ultratech Cement's shares jumped over 1.16 percent to above Rs 9,822.The stock had been trading within a falling channel and recently it has reversed from the lower end of the falling channelJay Thakkar, Head Derivatives and Quant Research at ICICI Securities, recommends taking a bull ca...

Kaynes Technology skyrocketed over 16 percent to Rs 2,989 per share on May 17 after the company reported an upbeat January-March quarter (Q4FY24) performance.So far in 2024, shares of Kaynes Tech surged over 10 percent, outperforming the Nifty 50 index, which saw a rise of 2 percent. Earlier, the stock hit a 52-week high of Rs 3,248 per share on March 5, 2024.Kaynes Tech's consolidated net profit ...

Sensex and Nifty 50 recovered from losses around noon on May 17, with automobile and financial services stocks supporting the indices."The market is currently in a recovery phase and we anticipate this trend to persist till broad-based interest returns," said Kranthi Bathini, Director-Equity strategy, Wealth Mills Securities.At 11:05 am, the Sensex was up 268 points or 0.4 percent at 73,932 and th...

Naukri parent Info Edge gained eight percent in trade on May 17, after the firm's bottom-line swung into the black for the quarter ended March.Info Edge’s consolidated revenue rose nine percent to Rs 657 crore during the period. It registered a net profit of Rs 162 crore in Q4, compared to a loss of Rs 447 crore in the year-ago period.Info Edge saw its recruitment business revenue grow a modest ...