Metal News
JSW Group explores expansion into copper, aluminium, has engaged consultants, says top executive
While the plans are at an early stage, the company has engaged consultants to explore the financial viability of such an expansion, according to chief executive Jayant Acharya. JSW Steel’s falling margins due to a surge in imports may hurt the company’s ability to commit capex, he warned.
4 min read06:00 AM ISTMultibagger stock Lloyds Metals and Energy hits record high as InCred initiates coverage with ‘add’, sees 40% upside
Lloyds Metals & Energy’s stock surged 5% to a record high of ₹1,099 on December 9, driven by a bullish report from Incred Equities, which set a target of ₹1,476. The firm expects strong earnings growth fueled by rising steel demand and iron ore prices.
2 min read9 Dec 2024Shares to buy or sell: Rajesh Palviya of Axis Securities suggests these three stocks to buy, hold, and accumulate today
Shares to buy or sell: Rajesh Palviya has recommended to buy, hold, and accumulate Shilpa Medicare Ltd, Dhani Services Ltd, and Indian Metals and Ferro Alloys Ltd.
3 min read22 Nov 2024NALCO, Hindalco Industries and Vedanta shares surge up to 7%. Here’s why
China’s decision to cancel this tax rebate, which has long supported its export-driven aluminum industry, sparked a sharp rally in aluminum prices on the London Metal Exchange on Friday. The move is expected to curb the excessive supply of Chinese aluminum abroad.
1 min read18 Nov 2024Gautam Adani has a new $5 billion business idea in mind
Adani Group plans to invest at least $5 billion in setting up aluminium and steel businesses, and ramping up copper production. The group’s plan may not only help it in its infra business but may also save it on energy production costs to be able to offer more affordable energy solutions than rivals
4 min read12 Nov 2024Multibagger Shyam Metalics share price drops 14% from all-time high amid Q2 results, profit booking. Should you buy?
Multibagger Stock: Shyam Metalics shares fell after a 55% profit decline to ₹216 crore in Q2, despite revenue growth. The drop was due to deferred tax asset adjustments. The stock has seen a 7% loss in two sessions and a significant decline from its all-time high.
2 min read8 Nov 2024Renewable energy is starting to shrink the power bills of cement, metal firms
Indian manufacturers are shifting to renewable energy, resulting in lower energy costs. Firms such as Ambuja Cement and JSW Steel have reported significant savings and increased reliance on green power, driven by favorable power purchase agreements and the volatility of coal prices.
4 min read5 Nov 2024US Election 2024: Gold prices set to shine regardless of winner as fiscal deficit balloons: Report
Gold prices are hitting record highs due to geopolitical tensions, trade wars, and strong consumer demand, reaching $2,790 per ounce. With a 35.16% year-to-date gain, gold is seen as a hedge against fiscal risks, especially with the upcoming US elections influencing market dynamics.
2 min read31 Oct 2024Commodity outlook:More Chinese stimulus required for steel demand, prices to rise, say experts;Tata Steel, SAIL in focus
Commodity outlook: Indian metal stocks are reacting to China’s recent stimulus measures. Despite a temporary boost in steel prices, analysts warn that more stimulus is necessary for sustained demand and price recovery.
3 min read30 Oct 2024JSW Steel Q2 Results: Net profit drops 85% YoY to ₹404 crore, revenue down 11%
JSW Steel’s Q2 results show an 85% net profit decline to ₹404 crore due to a ₹342 crore exceptional loss and higher taxes. Revenue fell 11% to ₹39,684 crore, with EBITDA at ₹5,437 crore and a margin drop to 13.7%.
3 min read25 Oct 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared