ALUMINIUM BUSINESS
Time to adopt a tactical perspective? 6 metal stocks, 4 with an upside potential of up to 14%
In metal stocks, ‘buy, forget, and return after five years’ is not the best strategy to adopt. The sector is cyclical, global, China- and tariff-sensitive, and dependent on where prices are in the cycle. But that is also why these stocks can deliver sharp returns when the cycle turns even slightly. The current set-up is not clean. China is still weak in property, global prices are influenced by tariff and supply concerns, even as domestic metal companies are financially stronger than they were in the previous cycle. That makes metals a tactical opportunity; but only for investors willing to regularly review their positions.
Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demerger
Four demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expected to emerge as the biggest winner. Analysts believe the pure-play aluminium business could see the strongest listing gains, backed by robust fundamentals and favourable industry dynamics.
The World Cup Reminds Us of the Animal Origins of Football
Pigs' bladders were once a versatile tool, serving as containers for lard, preserves, and even in scientific and medical applications. Their use extended to sports, forming the original balls for games like football and rugby. A tragic incident involving a shoemaker's wife ultimately led to the adoption of rubber bladders, revolutionizing sports equipment.
Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect
Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.
Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?
Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.
4 demerged units of Vedanta to make D-Street debut on Monday
On Monday, Anil Agarwal's diversified commodities empire takes a bold step as four of its companies make their debut listings. This strategic overhaul is designed to enhance shareholder value and streamline operations. Investors can now invest in distinct sectors including aluminium, power, oil and gas, and iron and steel.
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Stocks in news: Lenskart, GNG Electronics, Vedanta, Infosys, RIL
Markets closed lower on weekly expiry day amid weak global cues, with selling pressure on every rise. Block deals in GNG Electronics and Lenskart, Vedanta's demerger, Infosys's CMMI AIM Framework contribution, and RIL's interest in rare-earth minerals were key developments. Analysts eye 23,000 as a crucial support level.
Vedanta demerger: Four spin-off companies list on exchanges on June 15
Vedanta’s four demerged businesses will begin trading on June 15, completing a major corporate restructuring. The listings will enable market-driven price discovery, help unlock shareholder value and allow each standalone company to pursue sector-specific growth opportunities independently.
Susan Electricals IPO opens for subscription today. Check GMP, price band and other details
Susan Electricals IPO: The ₹70.38-crore IPO of Susan Electricals India opens for subscription on June 11 and closes on June 15. The issue comprises a fresh issue of 47.42 lakh shares worth ₹60.22 crore and an OFS of 8 lakh shares worth ₹10.16 crore.
India, UK talks progressing on resolving issues for trade pact implementation: Official
India and the UK are making good progress on their free trade agreement. Discussions are ongoing to resolve issues like the UK's steel safeguard measure and carbon border adjustment mechanism. These measures have been a sticking point for the agreement. Both sides are working on proposals and counter-questions to find a solution.
Hindalco expects aluminium to shine bright downstream
Upstream operations typically involve extraction of raw materials to produce basic metal, the pricing for which is largely dependent on global commodity prices. Downstream operations are a value addition to the basic metal, converting it specifically as per customers' requirements, and has more stable pricing compared to the basic metal.
Samsung Galaxy A57 5G review: A software-first approach to the mid-range market
Samsung's Galaxy A57 5G prioritizes longevity with six years of Android and security updates, aiming for relevance until 2032. While its hardware doesn't see a dramatic leap, it boasts an excellent 120Hz Super AMOLED display and refined design. At its current street price, it offers compelling value for those prioritizing long-term software support and a polished user experience.
CMR Green Technologies IPO Day 3: Issue booked over 127 times on strong QIB demand; 40% GMP signals strong listing premium
CMR Green Technologies' IPO saw a strong subscription of 127 times, with QIBs leading the demand. The issue, an offer-for-sale, garnered a grey market premium of nearly 37%, indicating a potential listing price of Rs 262. The company is India's largest non-ferrous metal recycler, poised to benefit from sustainable manufacturing trends.
Vedanta demerger: How will the mega restructuring impact dividend payouts for shareholders?
Vedanta has completed a major demerger, splitting into four new companies. Investors are now assessing how this restructuring will affect the company's tradition of consistent dividend payouts. While Vedanta is expected to remain a dividend-paying entity, the absolute dividend per share may decrease. Shareholders will need to evaluate each demerged company individually for their income requirements and potential returns.
From inputs to retail, a monster rages through: As supply-side inflation pressures build, the implications for monetary policy
India's inflation is shifting from producers to consumers, driven by cost-push factors like rising global commodity and energy prices. This is evident in the widening gap between WPI and CPI inflation. Subsequent retail fuel price hikes are expected to further increase transportation costs, impacting consumer prices across various sectors.
CMR Green Technologies IPO Day 2: GMP signals 31% upside; Issue sees strong subscription. Should you subscribe?
CMR Green Technologies' Rs 631 crore IPO is attracting significant investor attention. The issue is oversubscribed, with a strong grey market premium indicating potential listing gains. The company is a leader in non-ferrous metal recycling. Investors are showing interest in this manufacturing and sustainability-linked business. The IPO remains open for subscription.
CMR Green Technologies IPO Day 1: 65% subscribed, GMP at 33%, brokerages review and key details
CMR Green Technologies IPO opened today with robust investor interest. Non-institutional and retail investors showed strong demand. The grey market premium suggests a potential listing price above the IPO band. The company is India's largest non-ferrous metal recycler. Its business aligns with the global shift towards recycled metals. The IPO closes on June 5.
CMR Green Tech’s Rs 630 cr IPO opens for bidding: Check GMP, brokerages review and other details
CMR Green's IPO is generating significant buzz, with a strong grey market premium suggesting robust investor interest. The company, a leader in non-ferrous metal recycling, is poised to benefit from the growing demand for sustainable manufacturing. While analysts note its strong market position, concerns about the offer structure and margins exist.
Can CMR Green's IPO deliver long-term gains for high-risk investors?
CMR Green Technologies, a non-ferrous metal recycler, plans to raise ₹630 crore via an offer for sale. The company, heavily reliant on recycled aluminium, faces commodity price volatility and customer concentration risks. Despite revenue growth and margin expansion, negative operating cash flow and increased debt warrant caution for investors.
India, UK discuss sticking points delaying free trade pact rollout
As India and the UK maneuver through complex trade discussions, they are focused on addressing the sticking points that are currently slowing down their agreement. Issues like the UK's steel safeguard measures and carbon taxation are raising eyebrows. If these concerns persist, India could rethink its tariff concessions on British exports, particularly the beloved Scotch whisky.
Metals rally largely priced in, limited upside seen after strong cyclical run: Sandip Sabharwal
Market expert Sandip Sabharwal advises caution, seeing stock-specific chances but limited broad market conviction. He notes Wockhardt's approval offers innovation value but is largely priced in. IT stocks are trading plays with potential rebounds, while autos show resilience. Metals face limited upside, and macro risks loom over largecaps like ICICI Bank and L&T.
Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office
Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
India-US trade deal advances as talks focus on Section 301 probes and 'minor issues'
India is nearing a trade deal with the US, with most aspects of the first phase finalized. Discussions are ongoing for minor details. Meanwhile, India is working with the UK to implement their trade agreement. Key issues like UK steel measures and carbon taxes are being addressed. Both nations aim for a swift rollout of the pact.
India may rethink Scotch whisky tariff cuts if UK does not ease steel import curbs
In a strategic move, India may reconsider its tariff reductions on British products, especially Scotch whisky, pending the UK's solutions to India’s grievances over steel safeguard measures. Negotiations between the two nations are set to address these pressing concerns.
Markets poised for a positive run if geopolitical risks ease: Ambareesh Baliga
Market veteran Ambareesh Baliga sees Indian equities well-positioned if geopolitical tensions ease and macro conditions remain supportive. He highlights potential for a US-Iran accord, resilient corporate expectations, and a normal monsoon as key drivers for a positive medium-term outlook, especially for metals and private banks.
IPO Calendar: Investors to get 2 mainboard public offers this week after a month of lull
India’s IPO market is set to revive with two mainboard issues, CMR Green Technologies and Hexagon Nutrition, opening this week after a lull. Together aiming to raise nearly Rs 770 crore, the offerings come amid volatile markets, with investors closely watching subscription trends for signals on primary market sentiment.
Vedanta secures highest credit rating in over decade following ICRA Upgrade
Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and very low credit risk.
The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explode
Morgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable aluminium demand-supply outlook, strong free cash flow generation and India’s multi-year growth cycle. The brokerage believes Hindalco is well positioned for margin expansion and long-term value unlocking.
Buy, Sell or Hold: Morgan Stanley initiates coverage on Hindalco; Emkay Global downgrades Hitachi Energy
Brokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweight' rating, citing improving aluminium fundamentals and Novelis recovery. Conversely, Emkay Global downgraded Hitachi Energy India to 'Reduce' due to stretched valuations, despite strong execution. Morgan Stanley also flagged potential near-term volatility for Coal India following a government stake sale announcement.
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