The National Stock Exchange (NSE) on Friday deferred the implementation of same-day transaction settlement or T+0 rolling settlement cycle in the capital market segment. The new date will be announced by the exchange via a separate circular. “Trading in T+0 rolling settlement cycle in Capital Market segment Go LIVE deferred This is in reference to … Read more
GQG Partners bought 17.1 million shares of Ambuja Cements via a block deal on Friday. Other buyers included Morgan Stanley, Norges Bank, SBI Life Insurance, an ET Now report stated. Adani Group’s Holderind Investments sold 68 million shares in the cement maker, the report said. This is a developing story and more information is awaited. … Read more
Domestic markets ended slightly higher in a lackluster session on Thursday, pausing after the recent rally. In today’s trade, shares of Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro among others will be in focus due to various news developments. Ambuja CementsThe Adani Group is likely to sell a 2.84% stake in Ambuja Cements on … Read more
Brokerage firms such as Jefferies have maintained a ‘buy’ call on Reliance, while Investec and Morgan Stanley have a ‘buy’ and ‘overweight’ call on M&M, respectively. Axis Capital has downgraded ICICI Bank to ‘add’ from ‘buy’, while Ambuja Cements received a double upgrade from Nomura. Morgan Stanley has maintained an ‘overweight’ call on IndiGo. We … Read more
ET Intelligence Group: Nifty 50 companies are expected to report double-digit growth in aggregate revenue and profit for the June quarter, driven by select companies from the automobile, banking and finance, and pharmaceutical sectors. According to ETIG estimates, the sample’s net profit is expected to grow 26.4% in the quarter. Cautiously Optimistic Outlook This growth … Read more
Ambuja Cements reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year. The company had clocked a profit of Rs 502 crore in the same period last year. Revenue from operations during the fourth quarter increased 12% year-on-year to Rs 4,780 crore, compared with … Read more
The Adani group will dominate the earnings today with three of the conglomerate’s companies set to release their numbers for the quarter ended March 2024. Despite being a market holiday, 18 companies will announce their fourth quarter on Wednesday. Other companies which are set to release their numbers include Bondada Engineering, Classic Filaments, Cigniti Technologies, … Read more
With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more
As polling for the seven-phase-long Lok Sabha election began from today, Dalal Street’s 9 crore investors would be closely tracking the mood of 96.8 crore voters spread across India. Ahead of the voting for the first phase, Sensex has given up almost all of its gains made in 2024 after rewarding investors with a 20% … Read more
Indian headline indices S&P BSE Sensex and Nifty traded lackluster in the early trade amid weak US handover. Nifty fell by over 100 points to hit the day’s low of 22,346.50 amid selling pressure in banks, auto and FMCG stocks. Even as the benchmarks started on a weak note, there have been no significant alterations … Read more
