Hot Stocks: Brokerage view on Adani Ports, D-Mart, AB Capital and BEL

Hot Stocks: Brokerage view on Adani Ports, D-Mart, AB Capital and BEL

Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more

Adani Ports receives ratings for planned bond issue

Adani Ports receives ratings for planned bond issue

India’s largest private port operator Adani Ports and Special Economic Zone has moved one step closer to returning to the corporate bond market, as it has received ratings earlier this week for a planned debt issue. Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while … Read more

4 Adani stocks among 8 largecaps where promoter pledge declined in Q2 – Taking Stock

4 Adani stocks among 8 largecaps where promoter pledge declined in Q2 – Taking Stock

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

Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others

Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others

Various widely tracked companies like Varun Beverages, Power Grid Corporation, Shree Cements, Tata Power, Adani Ports, LIC, ONGC, Eicher Motors, RVNL, and M&M, will be releasing their September quarter report cards this week. Here’s a list: November 6 Varun Beverages, Divi’s Laboratories, Adani Energy Solutions, Max Healthcare Institute, Linde India, NHPC, Bharat Forge, The Fertilisers … Read more

Congress cites news on Adani auditor under NFRA lens, says something ‘truly rotten’ in conglomerate

Congress cites news on Adani auditor under NFRA lens, says something ‘truly rotten’ in conglomerate

Jairam Ramesh. File | Photo Credit: ANI The Congress on October 26 cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate. Congress general secretary Jairam Ramesh’s attack on the Adani Group came after a media … Read more

Israel–Hamas war opportunity to buy Adani Ports: CLSA

Israel–Hamas war opportunity to buy Adani Ports: CLSA

After shares of Nifty stock Adani Ports fell 5% amid investor fears related to the impact on Israel’s Haifa Port due to the war, global brokerage firm CLSA said the dip presents an opportunity for investors. The Adani Group stock recovered on Tuesday and was trading 3% higher at Rs 814. “A 5% fall in … Read more

Bear Attack: Israel-Hamas conflict spills onto Street

Bear Attack: Israel-Hamas conflict spills onto Street

Mumbai: Indian equities weakened on Monday as heightened uncertainty over the Israel-Hamas conflict led to a flight of money, across global markets, to safe-haven assets such as gold and the US dollar. The surge in oil prices in the wake of the geopolitical tensions also soured sentiment among investors, already anxious about the persistent inflation … Read more

Sebi examined funds named by OCCRP in Adani probe: Report

Sebi examined funds named by OCCRP in Adani probe: Report

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

Adani Power promoters sell 8.1% stake for $1 billion

Adani Power promoters sell 8.1% stake for $1 billion

Mumbai: Two promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating … Read more

Adani Ports shares fall 4% after Deloitte quits as auditor

Adani Ports shares fall 4% after Deloitte quits as auditor

Shares of billionaire Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) fell nearly 4% to Rs 771 in Monday’s trade on BSE after the auditing firm Deloitte resigned as its auditor. Deloitte’s resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg but the company … Read more