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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)

Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on the first media day of the Beijing auto show. The locked-in orders, which refer to those where buyers have opted for non-refundable deposits, have come less than one month into the launch of Xiaomi's first car in late March. Xiaomi targets more than 100,000 deliveries for the SU7 in 2024 and intends to keep its automotive business "100% focused" on the Chinese market for the next three years, Lei had said at an investor conference on Tuesday. The company brought forward deliveries of the standard and Max versions of the SU7 to April 18, 12 days earlier than initially planned. Besides the two trims, Xiaomi previously said it plans to start deliveries of Pro models by the end of May. The debut of the SU7, which draws styling cues from Porsche and undercuts Tesla's Model 3 on pricing, adds fuel to a blazing EV price war in the world's largest auto market, with automakers with comparable models announcing price cuts and subsidies after the SU7's launch. Xiaomi's auto team of 6,000 people is far from enough, Lei said at Thursday's briefing, inviting global talent to join the company's car-making ambition. (Reporting by Qiaoyi Li and Brenda Goh; Editing by Christopher Cushing)

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)