Q4FY26 company results: Firms including Indian Bank, Waaree Energies, Fino Payments Bank, and Indian Overseas Bank are also to release their January-March earnings today
Stocks to buy today: Shrikant Chouhan of Kotak Securities has suggested buying DCB Bank and Vedanta shares; here's why
Street expects Vedanta's profit to rise sharply in Q4, with adjusted PAT estimated to grow up to 174 per cent Y-o-Y, driven by higher realisations and improved operating performance across segments
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta's two petitions against the selection of Adani Enterprises' bid to acquire debt-ridden Jaiprakash Associates Ltd (JAL) through an insolvency process. A two-member NCLAT bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded its hearing following arguments from Vedanta and respondents, including the Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises. It asked both parties to submit written submissions within the next two days. Vedanta's counsel questioned the evaluation metrics adopted by JAL lenders, who selected the bid from Adani Enterprises offering Rs 14,535 crore and rejected Vedanta's higher bid of Rs 17,926 crore. On March 24, NCLAT declined any interim stay over the Vedanta Group's plea against the order passed by the NCLT on March 17, approving Adani Group's bid. However, it had said that the plan would be subject to the .
Amol Athawale of Kotak Securities believes that Vedanta is trading with a positive bias, and expects the stock to test ₹820 - ₹825 levels on the upside.
Vedanta informed the stock exchanges that May 1, 2026, has been approved as both the effective date of its demerger and the record date to determine eligible shareholders.
Stocks to Watch today, April 21, 2026: From PNB Housing to HCLTech, here are key stocks that will remain in focus
Vedanta moves ahead with restructuring plan to split into four independent listed entities, with shareholders to receive one share in each business
Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process
Vedanta has challenged Adani Group's JAL resolution plan at NCLAT, alleging flawed and opaque CoC scoring that undermined value maximisation under insolvency rules
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.