Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior … Read more
We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major … Read more
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani’s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s … Read more
Benchmark indices Sensex and Nifty hit intraday record high levels before closing almost flat on Monday ahead of the key US Fed interest rate decision later this week.Stocks that were in focus include names like Adani Wilmar, which gained 6.04%, DLF, which rose 4.7%, and RITES, whose shares jumped 14.2% on Monday. Here’s what Kushal … Read more
The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC. Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun … Read more
Equity markets closed last week on a strong note, reversing the losses due to Budget negativity. In today’s trade, shares of ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACCShares of Adani Total … Read more
Domestic markets traded volatile and closed almost unchanged on Thursday, in continuation to the previous trading session. In today’s trade, shares of TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results. HCL Tech, IREDAShares of HCL Tech and IREDA will … Read more
Adani Wilmar on Friday said it achieved volume growth of 13% year-on-year in the first quarter, driven by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets. With a robust product portfolio, the company also said it is actively pursuing substantial opportunities by executing strong sales and distribution strategies in … Read more
Adani Wilmar, Bank of India, L&T Finance and HDFC Asset Management Company among a host of other companies are likely to remain in focus in the week ahead as they have corporate actions like dividend, annual general meetings, rights issue, split and bonus issue lined up. Here is a list of corporate actions lined up … Read more
