Vedanta Q1 Results: Fall in aluminium, zinc prices to weigh on earnings

Results of the Aluminium and Oil & Gas businesses will be key to watch has Vedanta’s subsidiary Hindustan Zinc has already reported results.

Results of the Aluminium and Oil & Gas businesses will be key to watch has Vedanta’s subsidiary Hindustan Zinc has already reported results.

Maruti Suzuki is expected to report a weak Q1, with low single-digit revenue growth and margins at multi-quarter lows.

Earlier in the month, the company bagged an export order worth ₹105 crore for the manufacture and supply of defence explosives to international clients.

In India, gold prices followed global cues and got an extra push from a weaker rupee. According to Goodreturns, the price of 24-karat gold is ₹10,049 per gram, 22-karat gold stands at ₹9,211, and 18-karat gold trades at ₹7,537 per…

The local currency had tumbled 89 paise on Wednesday (July 30), logging its sharpest single-day drop in over three years.

The company announced the acquisition of 100% global ownership of its novel antibiotic Enmetazobactam, which was originally discovered and developed in-house.

India currently holds about 20% of the global shrimp market share, with production expected to remain flat at 1.2 million metric tonnes this fiscal, according to the Avanti Feeds annual report.

On Thursday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

The development has raised concerns around Indian auto companies, particularly those with exposure to US markets.

Q1 Results LIVE Updates: HUL, Sun Pharma, Maruti Suzuki India, Adani Enterprises, Coal India, Vedanta, Ambuja Cements, Eicher Motors, TVS Motor Company Mankind Pharma, Dabur India, JSW Energy, are among the important companies reporting their first quarter earnings today.