Mumbai: HDFC Asset Management Company, Bosch, Muthoot Finance, Cummins India, Polycab India, Dixon Technologies, Swiggy and Canara Bank are likely to be upgraded from mid-cap to large-cap in the next Association of Mutual Fund in India’s semi-annual reclassification in January 2026, according to Nuvama Alternative & Quantitative Research. The mutual fund industry body announces the … Read more
Turnaround Story A “turnaround story YoY” indicates that a company has shifted from incurring a net loss in the same quarter last year to reporting a net profit in the latest quarter, signaling stronger financial performance and recovery. In the Nifty500 pack, nine stocks stood out, according to StockEdge profitability scan data. Source link
NEW DELHI: A fund on Wednesday divested a 1.83 per cent stake in Adani Energy Solutions for Rs 1,737 crore through open market transactions. Envestcom Holding RSC Ltd offloaded nearly 2.2 crore equity shares, representing a 1.83 per cent stake in Adani Energy Solutions Ltd (AESL), as per the bulk deal data available on the … Read more
N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company’s latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits … Read more
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year … Read more
Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group, on Thursday reported an 87 per cent rise in March quarter profit to Rs 714 crore, aided by a one-time exceptional income. It had posted a net profit of Rs 381.29 crore in the January-March period of preceding 2023-24 financial year, the … Read more
Quant mutual fund (MF) would possibly facing the most significant impact among mutual fund houses due to the recent decline in Adani group shares on Thursday. With assets worth over Rs 1 lakh crore under management, Quant MF had the highest exposure to the Adani Group stocks compared to other larger fund houses. According to … Read more
Adani Energy Solutions (AESL) shares are in focus today after the company announced that its material subsidiary, Adani Electricity Mumbai (AEML), has executed a business transfer agreement (BTA) with its wholly-owned subsidiary, North Maharashtra Power Ltd. (NMPL). The agreement, signed on September 26, 2024, facilitates the transfer of the Adani Dahanu Thermal Power Station (ADTPS) … Read more
Adani Energy Solutions has had a muted run at the bourses so far this year. Still, the stock is all set to deliver multibagger returns from the current levels, according to analysts. Brokerage house Cantor has initiated coverage on the company with an ‘Overweight’ rating and price target of Rs 2,251, implying an 129% upside … Read more
India’s Adani Energy Solutions raised $1 billion through a share sale, which got bids from U.S. investors and sovereign wealth funds, the power distribution company said on Monday. The qualified institutional placement (QIP) was the Adani Group’s first fundraising from equity markets after a $2.5 billion share sale was scrapped in February last year. The … Read more