Mumbai: Vodafone Idea‘s ₹18,000 crore follow-on public offer (FPO), India’s biggest, closed successfully on Monday, having been subscribed 7 times, with strong demand from global institutional investors. The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids … Read more
Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
Bajaj Auto. Share Price 8498.45 03:58 PM | 22 Feb 2024 266.21(3.24%) HCL Technologies. Share Price 1686.40 03:58 PM | 22 Feb 2024 50.11(3.07%) Eicher Motors. Share Price 3951.40 03:57 PM | 22 Feb 2024 115.06(3.00%) Coal India. Share Price 445.15 03:59 PM | 22 Feb 2024 12.20(2.82%) ITC. Share Price 414.45 03:59 PM | … Read more
Brokerage firm Jefferies initiated a buy rating on Adani Enterprises, and Macquarie recommended an underperform rating on Zydus Life and an underweight on Wipro. Nomura maintained a neutral rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Adani Enterprises: Buy| Target Rs … Read more
Capri Global, Varun Beverages, Grindwell Norton, ICICI Bank and Adani Enterprises are among the consistent wealth creators in the 2018-2023 period, according to the annual Motilal Oswal Wealth Creation Study. Noteworthy wealth creators in this period include Reliance Industries, TCS, ICICI Bank, Infosys and Bharti Airtel. Lloyds Metals emerged as the fastest wealth creator with … Read more
Hero MotoCorp. Share Price 3280.05 04:03 PM | 16 Nov 2023 102.21(3.21%) Tech Mahindra. Share Price 1207.20 04:03 PM | 16 Nov 2023 33.46(2.84%) Tata Consultancy Services. Share Price 3497.85 04:03 PM | 16 Nov 2023 93.55(2.74%) HCL Technologies. Share Price 1311.05 03:59 PM | 16 Nov 2023 34.40(2.69%) Infosys. Share Price 1444.90 04:03 PM … Read more
The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
Mumbai: Abu Dhabi-based International Holding Company PJSC (IHC) said on Tuesday that it has raised its stake in Adani Enterprises Ltd (AEL) days after exiting two other Adani Group companies. IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 … Read more
BENGALURU – India’s market regulator has examined the funds named by a non-profit media organisation that were allegedly involved in investing millions of dollars in some publicly traded stocks of India’s Adani Group, said sources aware of the matter. According to the Organised Crime and Corruption Reporting Project (OCCRP), offshore structures based in Mauritius purchased … Read more