Business

Shares of Anil Aggarwal-owned mining company Vedanta Ltd have fallen for the third consecutive session, extending a three-day decline of over 18%.The stock fell another 7% on Monday, April 7, while it had declined nearly 9% last Friday and 4% last Thursday.The stock has declined in five of the last six trading sessions.With this decline, the stock is now down nearly 30% from its 52-week high of ₹526. The stock is still up 15% from its 52-week low of ₹317.On the charts, the stock has slipped below all its key moving averages, 50, 100 and 200-day moving averages, following this recent decline.The stock has also entered the oversold zone, as its Relative Strength Index (RSI) has fallen to the level of 26. An RSI reading below 30 indicates that the stock is at oversold levels.Recently, Vedant...

Jio Financial Services Limited (JFSL) on Tuesday, April 8 announced that its NBFC arm, Jio Finance Limited (JFL), is entering the digital Loan Against Securities (LAS) space through its Jio Finance app. Shares of Jio Financial Services surged 5.45% to hit an intra-day high of ₹225.15 per share on the National Stock Exchange (NSE) on Tuesday. It closed at ₹224.81 per share, up 5.29% on the NSE, and was among the top gainers on the Nifty50 today. The fully digital Loan Against Securities (LAS) service will allow customers to get loans of up to ₹1 crore within 10 minutes, by leveraging their investments such as shares and mutual funds. LAS, which includes loans against shares and loans against mutual funds, will allow customers to avail loans at competitive interest rates starting f...

Shares of Titan Company jumped 6.5 percent on April 8, recovering from a 52-week low hit in the previous session. The sharp surge came after the company's strong business update for the January-March quarter (Q4FY25), showing broad-based revenue growth and continued retail expansion. The Tata Group firm reported a 25 per cent year-on-year (YoY) growth in revenue in the March quarter, led by strong performance in jewellery, watches, eyewear and emerging businesses. Titan added 72 new stores during the quarter, taking its total consolidated retail network to 3,312 stores by the end of FY25. Its jewellery segment, which drives the bulk of its revenue, posted a 24 percent year-on-year (YoY) growth. A sharp rise in gold prices led to a 27 percent YoY growth in plain gold jewellery sal...

New Delhi, Apr 7 Silver prices rose by Rs 732 to Rs 87,943 per kg in futures trade on Monday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 732, or 0.84 percent, to Rs 87,943 per kg in a business turnover of 22,944 lots.Silver prices jumped as participants created fresh deals.Globally, silver was trading 0.61 percent higher at $29.76 per ounce in New York.

Shares of PSU lender Union Bank of India fell over 5 percent on April 4 after its Q4FY25 business update failed to meet estimates, snapping two days of gains.In an exchange filing, Union Bank of India announced that its total loan book grew 8.6 percent to cross Rs 9.82 crore by the end of March quarter of FY25, however, this is lower than the 11-13 percent loan growth guidance stated earlier by the lender.Union Bank's total deposits also fell below its guidance levels. The lender had estimated that total deposits would grow 9-11 percent in Q4FY25, however, the bank reported a 7.22 percent growth in its total global deposits, despite a decline on April 4.Shares of the PSU lender have gained over 10 percent in the past one month, shrugging off volatility around US President Trump's tariff a...

Shares of leading NBFC Bajaj Finance rose over 2 percent on April 4 after the company shared a positive business update of 26 percent year-on-year growth in assets under management (AUM) during the January-March quarter of financial year 2024-25. In an exchange filing, Bajaj Finance said its AUM as of March 31, 2025, stood at around Rs 4.17 lakh crore, registering a growth of 26 percent as against the AUM of Rs 3.31 lakh crore reported a year ago. The company disbursed 1.07 crore loans in Q4FY25, registering a growth of around 36 percent as compared to a year ago. The financial services company's Q4FY25 customer franchise grew nearly 22 percent year-on-year to 10.18 crore, while the deposit book grew 19 percent to Rs 71,400 crore. The rally has helped the stock break a four-da...

New Delhi, Apr 3 Hero MotoCorp on Thursday said its total sales in March rose 12 percent year-on-year to 5,49,604 units.The leading two-wheeler maker had sold 4,90,415 units in March 2024.Hero MotoCorp said in a statement that 5,10,086 units were dispatched to dealers in the domestic market last month, up 11 percent from 4,59,257 units in March last year.Exports rose to 39,518 units as against 31,158 units in the same period a year ago.For FY 2024-25, the company sold 58,99,187 units as against 56,21,455 units in FY24."In December 2024, the company achieved the historic milestone of maintaining its market leadership for 24 consecutive years. Carrying forward this legacy, the company has extended its leadership momentum into the 25th year," the two-wheeler major said.The company said it ac...