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Zinc Zinc has continued its upward momentum for past three consecutive months, having surged by nearly 18% and likely to continue the same move in upcoming sessions. MCX Zinc November contract is been traded at 289 currently on the other hand, LME Zinc 3-month contract is at $3164/tonne. LME Zinc future has found support over 200-EMA level on Weekly chart placed at $2978 and rebounded marginally. The immediate hurdle would be at $3212 and if price cross this mark, it may test it...
Buy ZINC - Nov @ 289, add up to 288, for the Targets of 299.75-310, with SL @ 282.50 - By Choice Broking Ltd
Indian mining group Vedanta's reported a bigger-than-expected first-quarter profit on Tuesday, reflecting higher prices of aluminium and zinc, its biggest two businesses. The conglomerate, led by billionaire Anil Agarwal, said its consolidated net profit surged 37% to 36.06 billion rupees (around $430 million). Analysts on average were expecting a profit of 24.83 billion rupees, as per LSEG data. During the quarter, global prices of base metals including zinc and aluminium rose a...
Indian miner Vedanta tops Q1 profit estimates on higher aluminium, zinc prices
Elpro International is currently trading at Rs. 91.00, up by 0.02 points or 0.02% from its previous closing of Rs. 90.98 on the BSE. The scrip opened at Rs. 90.98 and has touched a high and low of Rs. 91.49 and Rs. 88.61 respectively. So far 15031 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.90 on 12-Feb-2024 and a 52 week low of Rs. 54.50 on 04-Aug-2023. Last one week high and low of the scrip stood at Rs...
Elpro International inches up on acquiring stake in Religare Enterprises
Elpro International is currently trading at Rs. 92.06, up by 5.18 points or 5.96% from its previous closing of Rs. 86.88 on the BSE. The scrip opened at Rs. 89.90 and has touched a high and low of Rs. 92.80 and Rs. 87.76 respectively. So far 57375 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.90 on 12-Feb-2024 and a 52 week low of Rs. 54.50 on 04-Aug-2023. Last one week high and low of the scrip stood at Rs...
Elpro International zooms on acquiring equity shares of Multi Commodity Exchange of India
JG Chemicals has debuted at Rs 211.00 on the BSE, down by 10 points or 4.52% from its issue price of Rs 221.00. The scrip is currently trading at Rs 198.80, down by 22.2 points or 10.05% from its issue price. It has touched a high and low of Rs 213.75 and Rs 196.10 respectively. So far 2.17 lakh shares were traded on the counter. The offering, which was open for subscription between March 05, 2024 and March 07, 2024 was subscribed 27.78 times. The issue price was fixed at...
JG Chemicals lists with 4.52% discount on the BSE
Hindustan Zinc is currently trading at Rs. 309.90, up by 0.50 points or 0.16% from its previous closing of Rs. 309.40 on the BSE. The scrip opened at Rs. 310.50 and has touched a high and low of Rs. 311.15 and Rs. 309.50 respectively. So far 2259 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 344.00 on 07-Jul-2023 and a 52 week low of Rs. 290.55 on 26-Oct-2023. Last one week high and low of the scrip stood at R...
Hindustan Zinc inches up on incorporating wholly owned subsidiary
Elpro International is currently trading at Rs. 80.55, up by 0.19 points or 0.24% from its previous closing of Rs. 80.36 on the BSE. The scrip opened at Rs. 81.91 and has touched a high and low of Rs. 81.91 and Rs. 80.30 respectively. So far 3358 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.90 on 31-Aug-2023 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs....
Elpro International rises on acquiring stake in Nestle India, Jyothy Labs
Zinc Fundamental Update After the success of our previous report, we once again reiterate our positive stance on Zinc • After falling 50% from peak of 2022, LME zinc prices have surged from lows of $2,215 to $2,600 in a span of last 6 months , driven by an improved demand outlook • China is the biggest consumer of zinc and continued stimulus activity will help boost its economy, which could be supportive for prices. • There is an evident tug of war visible at the LM...
Commodities Pathfinder : Zinc It To Win It 2.0 By Motilal Oswal Financial Services
The provisional data from the Indian Bureau of Mines (IBM) has stated that India?s mineral output increased by 12.3 per cent in the month of August 2023 as compared to the same month a year ago. The index of mineral production of the mining and quarrying sector for the month of August 2023 at 111.9, is 12.3 per cent higher as compared to the level in the month of August 2022.The mines ministry said the cumulative growth for the April- August period over the corresponding period of the previou...
India`s mineral output increases by 12.3% in August
The scrip is currently trading at Rs. 228.75, up by 2.60 points or 1.11% from its previous closing of Rs. 226.15 on the BSE.The scrip opened at Rs. 225.25 and has touched a high and low of Rs. 229.35 and Rs. 224.85 respectively. So far 151037 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023.Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 217.2...
Vedanta rises on incorporating wholly owned subsidiary
Vedanta is currently trading at Rs. 228.25, up by 6.10 points or 2.75% from its previous closing of Rs. 222.15 on the BSE.The scrip opened at Rs. 222.15 and has touched a high and low of Rs. 229.90 and Rs. 222.15 respectively. So far 804545 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023.Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 217.20 ...
Vedanta zooms on incorporating wholly owned subsidiary
Vedanta Limited, India?s largest diversified natural resources company has announced its plan to demerge its business units into independent ?pure play? companies to unlock value and attract big ticket investment into the expansion and growth of each of the businesses.More than ninety percent of Vedanta Ltd?s profits are derived in India. Demand for commodities is expected to rise exponentially as the country continues to build a world class infrastructure and strives to achieve aggressive ta...
Vedanta announces demerger of diversified businesses
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