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The Latest Breaking News from Sunny Agrawal

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.

The Economic Times

Bajaj Auto buyback alert! Last day to buy shares to participate in firm's biggest-ever buyback worth Rs 5,633 crore

Bajaj Auto fixed June 24 (Wednesday) as the record date for its Rs 5,633 crore share buyback. Only those shareholders who own the shares of the company in their demat accounts as on the record date will be eligible to tender shares.

The Economic Times

Vedanta Power, Aluminium, Oil & Gas and Iron shares soar up to 5%. Which stock looks best placed?

Shares of Vedanta’s newly demerged entities rallied up to 5% for a second session, driven by strong investor interest and brokerage optimism. Citi prefers Vedanta Aluminium as a structural play, while Oil & Gas, Power, and Iron & Steel offer more cyclical or valuation-driven opportunities post restructuring.

The Economic Times

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Bajaj Auto nears record date for Rs 5,633 crore share buyback at 19% premium. Should you participate?

Last week, Bajaj Auto said that its buyback committee decided on the record date for the purpose of determining the entitlement and eligibility of shareholders who can tender shares in the buyback.

The Economic Times

Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel: Which stock should you buy?

Four Vedanta Group companies debuted on the market, with aluminium, iron & steel, and oil & gas shares tumbling while power stocks rose. Analysts advise patience, focusing on business quality over price action. Experts suggest aluminium offers the best risk-reward for long-term investors due to strong demand and cost efficiencies.

The Economic Times

Vedanta Aluminium shares jump over 3% after Citi, Kotak initiate with Buy, see up to 29% upside. Here’s why

Vedanta Aluminium Metal shares surged over 3% after Citi and Kotak Institutional Equities initiated coverage with 'Buy' ratings and target prices of Rs 560 and Rs 600, respectively. Analysts cited a positive aluminium outlook, growth potential, cost efficiencies, and improving leverage as key drivers for their bullish calls.

The Economic Times

Wipro's Rs 15,000 crore buyback closes today: Should retail investors participate? Analysts weigh in

Wipro's Rs 15,000-crore share buyback closes on June 17, with the company set to repurchase up to 60 crore shares at Rs 250 apiece, representing 5.7% of its paid-up equity capital. Only shareholders who held Wipro shares on the June 5 record date are eligible to participate.

The Economic Times

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Missed Vedanta's buy 1 get 4 offer? Which spun-off stock to buy after listing today

Vedanta’s four demerged entities debuted on exchanges, with brokerages highlighting aluminium as the most attractive segment. Analysts cite strong pricing, capacity expansion and favourable industry dynamics. While large-cap entities may attract institutional flows, smaller businesses could see limited participation, shaping post-listing investment opportunities.

The Economic Times

Vedanta Oil and Gas shares list at Rs 39 on BSE as 4 demerged entities debut on Dalal Street

Vedanta Oil & Gas shares debuted at Rs 39 on BSE and Rs 38 on NSE as part of Vedanta’s mega demerger that led to four new listings. The company’s valuation came broadly in line with estimates, marking a key milestone in one of India’s largest corporate restructuring exercises.

The Economic Times

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.

The Economic Times

World's first trillionaire: SpaceX premium debut briefly hands Elon Musk historic status

Elon Musk briefly touched a trillion-dollar net worth as SpaceX shares surged on its Wall Street debut, though his wealth later settled below that mark. The rocket company's IPO positions it among the largest US-listed firms, with Musk reiterating his ambition to take humanity to Mars and beyond.

The Economic Times

SpaceX to list today: Should Indian investors buy shares of Elon Musk's biggest bet after missing the IPO?

SpaceX IPO: SpaceX is set to list on Nasdaq today, marking the largest IPO in history with a $75 billion valuation. While Indian investors missed the IPO, they can now buy shares post-listing. Analysts are divided on whether to invest, citing SpaceX's unique business model and high valuation.

The Economic Times

Signs of worry: Is SpaceX's $75 billion IPO ringing the bell of market top?

SpaceX's upcoming IPO at a staggering valuation is sparking debate. Investors wonder if this massive listing signals the peak of the current technology boom. While some see it as a warning sign, others believe it reflects strong investor appetite for growth assets. The market's future performance may depend on AI…

The Economic Times

Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders

As Elon Musk's SpaceX heads for a blockbuster IPO, investors are turning their attention to INOX India, a cryogenic technology specialist with growing exposure to the global aerospace industry. The company's recent US aerospace order and strong financial performance have fuelled optimism, sending its shares sharply higher

The Economic Times

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The Economic Times

Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how

Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their…

The Economic Times

Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?

Wipro's Rs 15,000 crore share buyback opens on Thursday, offering shareholders an opportunity to tender their shares at Rs 250 apiece, a 38% premium to the stock's previous closing price of Rs 181.67. The buyback, open from June 10 to June 17.

The Economic Times

SBI, PNB, other PSU bank stocks tumble up to 21% from record highs. Time to buy or wait?

Public sector bank stocks have seen a significant drop from their recent peaks. The Reserve Bank of India has introduced measures to attract foreign investment in government securities. Experts suggest these steps are positive for the banking sector. However, caution is advised, with a focus on quality banks possessing strong…

The Economic Times

Bottom-up stock picking key for outsized returns in current market: Sunny Agrawal

Geopolitical tensions keep markets on edge. Market expert Sunny Agrawal highlights mid and small-cap companies offer better wealth creation. He points to power infrastructure, auto ancillaries, and consumer durables as key sectors. Agrawal advises patient capital for EV bus opportunities. He sees Titan benefiting from organised retail shift. Consumer durables…

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The Economic Times

Coal India’s Rs 5,000 crore OFS opens for retail investors: Should you buy or avoid?

Coal India's Rs 5,000 crore offer is now open for retail investors. Analysts see this as a good chance for long-term investment. The government is selling a portion of its stake. Institutional investors have already shown strong interest, bidding significantly higher than the floor price.

The Economic Times

Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say

Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions…

The Economic Times

Crude@$100+: The Rs 3 lakh crore power boom you might be missing

The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading…

The Economic Times

Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?

Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors…

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