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
NEW DELHI: Avenue Supermarts’ CEO Ignatius Navil Noronha, India’s richest CEO, sold just over 52,000 shares in the retail company in the September quarter, shareholding data suggests. Noronha held 1,30,74,043 shares (or 2.02 per cent) stake in as of September quarter, down 52,192 shares over 1,31,26,235 shares (or 2.03 per cent stake) he held as … Read more
NEW DELHI: Radhakishan Damani owned , which operates D-Mart store in the Western India, is set to report up to 5-fold increase quarter-on-quarter in profits, albeit on a low base, when it published its results on Saturday. Analysts tracking the company said it will report 48-52 per cent sequential and 45-47 per cent annual growth … Read more
Mumbai: Avenue Supermarts, owner of , and online job posting website operator (India) are in the running for inclusion in the benchmark Nifty, according to Alternative Research. The brokerage said currently the calculations do not show any confirmed Nifty inclusion or exclusion candidates. Edelweiss said supermarket chain operator Avenue Supermarts meets most of the criteria … Read more
The management has said that performance in the coming quarter and demand for the festival will continue to depend on the pandemic situation. Synopsis While a robust liquidity situation and resilient business model will keep the stock’s downside, the upside, too, seems to be capped in the near term given the slow business momentum. ET … Read more
MUMBAI: Radhakishan Damani-owned Avenue Supermarts may see its profit drop by at least a third in the quarter ended September due to lower footfalls on the back of extended lockdowns amid the Covid-19 pandemic. Kotak Institutional Equities expects the company’s net profit to drop 33.5 per cent year-on-year (YoY) to Rs. 221.7 crore, while it … Read more