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Vedanta is a step-down subsidiary of Vedanta Resources. Vedanta houses the Group’s base metals portfolio, including Zinc India, Zinc International, copper and other emerging businesses such as nickel. The entity, through its subsidiary Hindustan Zinc, is among the largest producers of zinc, lead and silver, commanding a strong market position in India.
The company had reported 152% jump in consolidated net profit to Rs 5,294 crore in Q1 FY27 from Rs 2,102 crore in Q1 FY26. Consolidated revenue for the period under review was Rs 23,456 crore, up 51% YoY.
The scrip declined 3.10% to settle at Rs 253.10 on the BSE.
The announcement was made during market hours today.
The scrip shed 0.04% to end at Rs 258.90 on the BSE.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below 24,050 mark.
Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar.
Metal stocks came under pressure after rising in the previous trading session
At 10:25 IST, the barometer index, the S&P BSE Sensex declined 469.98 points or 0.61% to 76,794.63. The Nifty 50 index dropped 162.35 points or 0.66% to 24,022.30.
In the broader market, the BSE 150 MidCap Index plunged 0.82% and the BSE 250 SmallCap Index tumbled 1.03%.
The market breadth was negative. On the BSE, 1,427 shares rose and 2,438 shares fell. A total of 337 shares were unchanged.
In the commodities market, Brent crude for the November 2026 settlement jumped $2.14 or 2.43% to $90.24 a barrel.
Earnings Today:
LEAP India (down 0.50%) and Milky Mist Dairy Food (up 0.07%) will announce their quarterly earnings today.
New Listings:
Shares of Augmont Enterprises were currently trading at Rs 947.85 at 10:12 IST on the BSE, representing a premium of 20.29% as compared with the issue price of Rs 788.
The stock debuted at Rs 956 on the BSE, a premium of 21.32% over its issue price.
So far, the stock has hit a high of Rs 1,019 and a low of Rs 942. On the BSE, over 8.25 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Metal index declined 2.22% to 13,224.75. The index jumped 0.75% in the past trading session.
Hindustan Zinc (down 4.4%), Vedanta (down 3.61%), National Aluminium Company (down 3.32%), Adani Enterprises (down 2.97%), Hindalco Industries (down 2.95%), Tata Steel (down 2.59%), Lloyds Metals & Energy (down 2.31%), Jindal Steel (down 2.14%), APL Apollo Tubes (down 2.09%) and JSW Steel (down 1.94%) declined.
Stocks in Spotlight:
Transformers and Rectifiers (India) advanced 2.78% after the company announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works.
Ashoka Buildcon gained 13.49% after the company announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh–Karnprayag rail project in Uttarakhand.