Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are “not overexposed” to any one company and assured that … Read more
NEW DELHI: Adani bulls who were trying to catch the falling knife by buying dips have been left bleeding hard. In the last seven trading sessions since the release of the Hindenburg report, Adani stocks have cumulatively lost around Rs 9.10 lakh crore or nearly half of their market value. Most Adani stocks have been … Read more
and , the companies that recently came under Adani Group’s stable, saw heavy sell-off on Friday as traders dumped the entire group amid concerns over corporate misgovernance and stock manipulation allegations made by US-based short-seller and research firm Hindenburg Research. ACC shares tumbled 20% to a 21-month low of Rs 1,732.60 on the NSE, while … Read more
Most analysts and experts are predicting the government would go heavy on infrastructure in the upcoming Budget to drive the overall growth of the economy. “We believe the government might prefer to increase spending on infrastructure which could have a multiplier effect on the economy,” Umang Papneja, CEO, Julius Baer India, told ET Markets. Money … Read more
NEW DELHI: Often touted as proxies to India’s growth story, Adani stocks have had a stellar run in 2022, outpacing benchmark Nifty by a wide margin. Five of the 10 Adani group stocks gave multibagger returns to investors, rising up to 200% this year while overall the market capitalisation of all companies together saw an … Read more
Mumbai: ICICI Direct expects the Nifty to touch 21,400 in 2023 and 50,000 by 2030. The retail broker’s 2023 target implies an upside of 16.2% from the current levels. Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include (target ₹660), Bosch (target … Read more
New Delhi, on Tuesday said it has issued 47.74 crore warrants to Adani family firm Harmonia Trade and Investment and raised Rs 5,000 crore. Ambuja Cement, now a part of Adani Cement, has issued 47.74 crore warrants at a price band of Rs 418.87, said a regulatory filing by the company. As per the terms … Read more
Brokerages have remained majorly positive on the cement pack, expecting companies to report decent growth in volumes, revenue and profit after tax (PAT) in the September quarter of the current fiscal year. However, the second is traditionally a soft quarter for cement producers from the demand point of view, considering the fact that monsoon hits … Read more
Nifty futures on the Singapore Exchange traded 278 points, or 1.61 per cent lower at 17,036, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: : The Tata Group’s IT major will officially kick-off earning season of India Inc. … Read more
New Delhi: Radhakishan Damani-owned has been in an uptrend lately with the cement firm logging multi-year highs on Tuesday. India Cements’ shares rose 3 per cent to Rs 298.45 on Tuesday, with the stock hovering around Rs 300 level after almost 15 years. It had topped the Rs 300-mark in December 2007 and touched its … Read more