Which Adani Group stock can give 40-50% return? What Tata stocks to work well now? Deven Choksey answers

Which Adani Group stock can give 40-50% return? What Tata stocks to work well now? Deven Choksey answers

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says most of the Tata Group companies remain very convincing from the point of view of investment. Maybe this market gives some opportunity at a corrected price level. They would once again become a buy in the portfolio from the current level. As for Adani group stocks to … Read more

Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter

Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter

Rajiv Jain‘s GQG Partners has raised its stake in Adani Group-owned Ambuja Cements by 70 bps to 2.05% in the September quarter. In the three-month period that ended on June 30, 2024, Jain’s GQG Partners Emerging Markets Equity Fund held 1.35% stake in the cement manufacturer. The 2.05% stake in Ambuja represents over 50 lakh … Read more

India’s Adani Green units plan to raise up to $1 billion in dollar bonds, bankers say

India’s Adani Green units plan to raise up to  billion in dollar bonds, bankers say

Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of … Read more

Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

Madhya Pradesh Chief Minister Mohan Yadav along with Union Minister Jyotiraditya Scindia, state Assembly Speaker Narendra Singh Tomar, Adani Ports & Special Economic Zone Ltd CEO Karan Adani and other dignitaries inaugurate Regional Industry Conclave, in Gwalior on August 28, 2024 | Photo Credit: ANI The Adani Group has proposed to invest ₹3,500 crore in … Read more

Will the upswing continue in real estate stocks? Sandip Sabharwal explains

Will the upswing continue in real estate stocks? Sandip Sabharwal explains

“Non-life insurance space has been growing decently, especially the growth shown by companies like ICICI Lombard, etc, have been quite strong and that is also reflected in the stock price movements. Non-life has been doing better than life. And I think vis-à-vis the two spaces I think that is the better space to be in,” … Read more

Hindenburg claims Sebi chief Madhabi Buch had stake in offshore entities linked to Adani

Hindenburg claims Sebi chief Madhabi Buch had stake in offshore entities linked to Adani

A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another big allegation on the Adani issue by claiming that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more

Idea of Kotak as a party to Hindenburg’s Adani shorting strange and almost unbelievable: Shriram Subramanian

Idea of Kotak as a party to Hindenburg’s Adani shorting strange and almost unbelievable: Shriram Subramanian

Shriram Subramanian, Founder & MD, InGovern, says Kotak would likely be acting as just a creator of a fund where someone else’s funds are used. US-based short-seller Hindenburg Research whose report on the Adani Group last year triggered a rout in the group’s stocks, has come out with a note stating India’s market regulator Sebi … Read more

Adani group stocks surge up to 6% a day after Lok Sabha election results

Adani group stocks surge up to 6% a day after Lok Sabha election results

Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more

RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

About Rs 1.27 lakh crore was wiped off of Reliance Industries Ltd‘s (RIL) investors as shares of the company ended 7.5% lower on BSE today as poll counting estimates showed that Prime Minister Narendra Modi-led NDA alliance was not likely to score as much as exit polls had predicted in the 2024 Lok Sabha elections. … Read more

Raging bulls of India: D-Street dances to RBI record

Raging bulls of India: D-Street dances to RBI record

Mumbai: India‘s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India‘s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more