Q2 Results Tomorrow: What to expect from Bharti Airtel, L&T, Tata Consumer?

Q2 Results Tomorrow: What to expect from Bharti Airtel, L&T, Tata Consumer?

A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more

Breakout Stocks: How to trade BSE, Prestige Estates and Adani Total Gas on Thursday

Breakout Stocks: How to trade BSE, Prestige Estates and Adani Total Gas on Thursday

Indian market closed in the red for the fifth consecutive day on Wednesday, tracking muted global cues. The S&P BSE Sensex fell over 500 points while the Nifty50 closed below 19,200 levels. Sectorally, selling was seen in IT, telecom, utilities, capital goods, and power stocks while the metal space saw some buying pressure. Stocks that … Read more

Deloitte may step down as auditor of Adani Ports & SEZ ahead of term

Deloitte may step down as auditor of Adani Ports & SEZ ahead of term

Mumbai: Deloitte Haskins & Sells LLP is set to resign as auditor for Adani Ports & SEZ in the next few days just a year after its reappointment amid differences with the company management over the auditor’s position on certain transactions, said multiple people aware of the development. According to one of the persons, a … Read more

Hindenburg-inflicted losses still weigh heavily on Adani stocks

Hindenburg-inflicted losses still weigh heavily on Adani stocks

About four months after US short-seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact. While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. The group’s market … Read more

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more

Big Movers on D-St: What should investors do with Ramco Cements, Gland Pharma and Adani Gas?

Big Movers on D-St: What should investors do with Ramco Cements, Gland Pharma and Adani Gas?

Indian market snapped a 3-day losing streak and closed in the green on Friday. The S&P BSE Sensex rose nearly 300 points while Nifty50 closed above 18200 levels. Sectorally, buying was seen in IT, realty, banks, and autos while selling was visible in healthcare, consumer durables, and public sector stocks. Stocks that were in focus … Read more

Adani stocks lose $10 billion in value as MSCI exclusion weighs

Adani stocks lose $10 billion in value as MSCI exclusion weighs

Stocks part of Adani Group have lost a combined $10 billion in market value this week, weighed down by MSCI Inc.’s move to exclude two entities from its India gauge and concerns over potential dilution from a fundraising plan. Adani Total Gas Ltd. and Adani Transmission Ltd. — the two stocks to be dropped from … Read more

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more

Adani Group: MSCI to reduce free float in Adani Total Gas, Adani Transmission in May review

Adani Group: MSCI to reduce free float in Adani Total Gas, Adani Transmission in May review

MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more

Adani Enterprises Q4 profit surges 138%

Adani Enterprises Q4 profit surges 138%

Mumbai: Adani Enterprises, the flagship company of the Adani Group, said on Thursday that its fiscal fourth quarter net profit more than doubled from a year earlier, driven by strong performance at its roads business. Sequentially, the profit fell 12% due to higher finance costs and operating expenses. The company, which acts as an incubator … Read more