Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more
India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
Adani Ports on Thursday reported a 68% growth in its consolidated net profit at Rs 2,208 crore for the quarter ended December. It was Rs 1,315 crore in the last year quarter. Revenue from operations in the third quarter rose 44% year-on-year (YoY) to Rs 6,920 crore. The company reported an EBITDA of Rs 4,293 … Read more
Two flagship companies of Adani Group – Adani Enterprises and Adani Ports and Special Economic Zone – are slated to release their earnings for the quarter ended December today. There are no estimates available for Adani Enterprises, but analysts expect Adani Ports to report a strong set of numbers on the back of a healthy … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 1200 points while Nifty50 reclaimed 21700 levels in the previous trading session. The Nifty future closed positive with gains of 1.80% at 21875 levels on Monday. India VIX was up by 14.29% from 15.33 to … Read more
Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
Equity indices rebounded on Thursday after sliding for the past two sessions. The 30-share Sensex jumped 490 points to settle at 71,847 and the Nifty climbed 141 points to 21,658 points. Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% … Read more
NEW DELHI: Embattled billionaire Gautam Adani will face his moment of truth today as the Supreme Court will announce its verdict on the Hindenburg issue in which crores of investor wealth was lost. Last month, a Supreme Court Bench headed by Chief Justice DY Chandrachud had reserved its order on a batch of pleas last … Read more
India’s largest private port operator Adani Ports and Special Economic Zone has moved one step closer to returning to the corporate bond market, as it has received ratings earlier this week for a planned debt issue. Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while … Read more
Indian equities are set to end the year with a record winning streak, with the drivers of the rally transcending the nation’s largest companies. Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are … Read more
