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Updated: 1 hour 16 min ago

Vedanta Q4 results today: What to expect & key things to track from earnings

13 hours 30 min ago
Mining giant Vedanta will report its fourth quarter results later in the day and the company is expected to post muted numbers, according to various analysts' estimates.Adjusted net profit for the March quarter is likely to fall over 30% year-on-year, while revenues are seen falling up to 12% year-on-year.During the quarter under review, the company had already reported Alumina production of 484 kt at Lanjigarh refinery, up 18% year-on-year, driven by better operational performance. The cast metal aluminium production at the smelters also rose 4% year-on-year to 598 kt.Vedanta clocked mined metal production at 299 kt, up 11% quarter-on-quarter, driven by a mix of improved mined metal grades and higher ore production across mines.Saleable silver production stood at 189 kt, up 4% year-on-year on account of WIP depletion in the current quarter.Some of the key monitorables in the earnings card include management update on parent debt situation, guidance on future dividend payout, comments on the demerger status and the guidance on volumes and CoP across verticals.Here's what to expect from Vedanta's Q4:NuvamaVedanta is expected to report an EBITDA uptick of 2% quarter-on-quarter driven by higher volume in zinc, offset marginally by prices and lower CoP in aluminium. Aluminium is expected to report an EBITDA uptick of 2.5% QoQ . Zinc international is expected to report a normal EBITDA (2x QoQ due to low base).Kotak EquitiesWe forecast a 9.4% year-on-year decrease in EBITDA (-0.8% qoq) due to weaker commodity prices across major segments, particularly in zinc.We forecast (1) aluminum EBITDA to marginally increase qoq by 0.2% (+49% yoy) primarily led by lower costs, (2) oil and gas division to witness EBITDA decline of 4.5% qoq on lower volumes and (3) Zinc India division to see 0.6% qoq decrease in EBITDA on the back of lower zinc prices, partially offset by improved volumes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News

JEE Main: 25% of toppers from this state

14 hours 18 min ago
The release of the JEE Main 2024 Results marks a significant milestone for aspiring engineers across the nation. The National Testing Agency (NTA) has unveiled the outcome of this rigorous examination, showcasing the achievements of numerous students. Among them, an impressive 56 candidates have attained the elusive 100 percentile, signifying their exceptional performance in the test.Telangana emerges as a frontrunner in this year's results, with 15 of its students clinching the coveted 100 percentile. Following closely behind are Maharashtra and Andhra Pradesh, each contributing 7 top scorers, while Delhi boasts 6 achievers in this prestigious list.Since 2019, the responsibility of administering the Joint Entrance Examination (JEE Main) has rested with the NTA, under the aegis of the Department of Higher Education, Ministry of Education, Government of India. The transition ushered in a shift to Computer-Based Testing (CBT) for Paper 1 (B.E. / B.Tech.), enhancing efficiency and accessibility for examinees.This year's examination was conducted in a diverse array of languages, catering to the linguistic diversity of the country. Candidates could opt for one of the 13 languages, including Assamese, Bengali, Gujarati, Malayalam, Punjabi, Tamil, Urdu, and more.Spanning across 571 examination centers in 319 cities, including 22 international locations, the JEE Main 2024 Session 2 witnessed widespread participation. Similarly, Session 1 encompassed about 544 centers in 291 cities, facilitating candidates' access to the examination.NTA Scores, normalized across multiple sessions, provide a fair assessment of candidates' performance relative to their peers. The percentile score offers insight into an individual's standing within the candidate pool, reflecting the percentage of examinees who achieved equal to or lower scores.The meticulous process ensures that each shift's topper receives the coveted 100 percentile, maintaining the integrity and fairness of the evaluation. Additionally, the conversion of raw scores into percentiles enables a comprehensive understanding of candidates' performance spectrum. JEE Main Results 2024 Toppers - 100 percentile scoreThese candidates have received 100 NTA Score in Paper 1 (B.E./B.Tech.)Gajare Nilkrishna Nirmalkumar MaharashtraDakshesh Sanjay Mishra MaharashtraAarav Bhatt HaryanaAaditya Kumar Rajasthan Hundekar Vidith TelanganaMuthavarapu Anoop TelanganaVenkata Sai Teja Madineni TelanganaChintu Sateesh Kumar Andhra PradeshReddi Anil TelanganaAryan Prakash MaharashtraMukunth Prathish S TamilnaduRohan Sai Pabba TelanganaSriyashas Mohan Kalluri TelanganaKesam Channa Basava Reddy Telangana Murikinati Sai Divya Teja Reddy TelanganaMuhammed Sufiyan MaharashtraShaik Suraj Andhra PradeshMakineni Jishnu Sai Andhra PradeshRishi Shekher Shukla TelanganaThotamsetty Nikilesh Andhra PradeshAnnareddy Venkata Tanish Reddy Andhra PradeshHimanshu Thalor RajasthanThota Sai Karthik Andhra PradeshTavva Dinesh Reddy TelanganaRachit Aggarwal Punjab Vedant Saini ChandigarhAkshat Chaplot RajasthanParekh Meet Vikrambhai GujaratShivansh Nair HaryanaPriyansh Pranjal JharkhandPranavanand Saji OtherHimanshu Yadav Uttar PradeshPratham Kumar BiharSanvi Jain KarnatakaGanga Shreyas TelanganaMurasani Sai Yashwanth Reddy Andhra PradeshShayna Sinha DelhiMadhav Bansal DelhiPolisetty Ritish Balaji TelanganaVisharad Srivastava MaharashtraSainavaneet Mukund Karnataka Tanay Jha DelhiThamatam Jayadev Reddy TelanganaKanani Harshal Bharatbhai GujaratYashneil Rawat RajasthanIshaan Gupta RajasthanAmogh Agrawal KarnatakaIpsit Mittal DelhiMavuru Jaswith TelanganaBhavesh Ramakrishnan Karthik DelhiPatil Pranav Pramod MaharashtraDorisala Srinivasa Reddy TelanganaArchit Rahul Patil MaharashtraArsh Gupta DelhiN Shriram TamilnaduAadeshveer Singh Punjab
Categories: Business News

Big movers on D-Street: What should investors do with SAIL, MCX and Tata Elxsi?

15 hours 18 min ago
Equity indices ticked higher for the fourth straight session on Wednesday, helped by positive trend in global equities. The 30-share Sensex climbed 114 points to settle at 73,852 and the Nifty advanced 34 points.Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares declined 4.65% on Wednesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.SAILThe stock has given a good breakout above its 52-week high mark of 157.40 and successfully managed to close above the same.With the RSI (14) on daily charts at 72, the overall momentum looks strong on the stock, and we can expect higher levels of 170 and 175. It is advisable to keep a trailing stop loss near the 160 mark for all existing long positions on the stock.MCXThe stock touched its all-time high resistance mark of 3990.00 and has been consistently facing selling pressure at higher levels.With significant selling pressure observed at higher levels and an immediate support level at 3660, this level should act as a stop loss for all existing long positions. On the upside, the profit booking zone should ideally be around the 3900-3950 mark.Tata ElxsiThe stock witnessed significant profit booking at higher levels after it declared its quarterly numbers. A minor support level is placed at 6990, below which the next support is expected near 6600 levels.An immediate resistance is seen near the 7600 mark, above which the next resistance is around 8100 levels. Overall, the risk-reward ratio looks favorable for buying at present levels with a set stop loss at 6900.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News

Top tech and startup stories of the day

16 hours 11 min ago
Categories: Business News

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