Adani Enterprises, part of Adani Group Companies, rose a little over 50 per cent in the last year and chart patterns suggest that the upside is likely to continue. The stock hit a 52-week high of Rs 2420 on 27 April 2022 but then the trend went sideways. Recent price action pushed the stock above … Read more
Indian market closed in the red for the second consecutive day in a row on Tuesday following muted global cues. The S&P BSE Sensex was down by more than 150 points while the Nifty50 closed below 15,800 levels. Sectorally, selling pressure was seen in energy, oil & gas, auto, finance, and metal stocks while buying … Read more
The Nifty could be headed to 16,800 levels after surpassing a key hurdle of 16,400 last week, said technical and derivatives analysts. The Index gained 1.5% last week to end at 16,584.30. This week, all eyes will be on the RBI monetary policy and US inflation data. Analysts said the Nifty could go as far … Read more
Mumbai: Adani Enterprises has a ‘high chance’ of replacing Shree Cement in the benchmark Nifty in the semi-annual index review in September, according to Edelweiss Alternative & Quantitative Research. The changes in the index will be announced in the second half of August, and the rebalancing date would be on September 30. Abhilash Pagaria, head … Read more
MUMBAI: The Securities and Exchange Board of India has kept Adani Wilmar’s initial public offering issue “in abeyance” given the pending investigation against the parent . Adani Wilmar, which is a joint venture between Adani Enterprises and Wilmar Group, had filed its draft red herring prospectus with SEBI earlier this month for Rs 4,500 crore … Read more
MUMBAI: Adani Wilmar, a 50-50 joint venture between Adani Enterprises and Wilmar Group, has today filed a draft red herring prospectus with the SEBI, said in a filing to the bourses. Adani Wilmar will raise Rs 4,500 crore through a fresh issue of equity shares. The company’s existing shareholders will not sell any stake in … Read more
Nifty futures on the Singapore Exchange traded 14 points, or 0.10 per cent, lower at 14,518.50 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade: Tata Steel, Adani Green Energy: Adani Green Energy, , SRF, , Gillette India, … Read more