Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of Adani Total Gas)
Here are 10 stocks across sectors that are expected to gain the most from the various proposals
The government plans to collect just over Rs 9 trillion via personal income tax in FY24
The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22
They first reported a surge in stock prices and then all went downhill
Total m-cap lowest since March 2022 after 2-day decline
They are an assortment of above-average short- and long-term returns, low expense ratios, and lower investment risk. Krishna Kant cherry-picks the best in class
AEL will be investing $70 billion in incubating new businesses and at the group level we will be investing close to $107 billion in the next decade, Singh says
In the slow lane: 2.5% rise in profit the least in 10 quarters
Analysts say impact depends on commodity and energy prices
Productivity improves in terms of revenue per employee
But Nifty50 firms' combined earnings expected to grow 10.5% YoY
The Adani group gained from a continued rally in its existing companies and the acquisition of Ambuja Cement, ACC, and NDTV last year
In the last 20 years, RIL's net profit has grown at a CAGR of 15.7 per cent
In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago
NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry
But it remains a laggard on the bourses over the past decade
The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year
Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally
The NBFCs share of the country's lending pie declined to five-year low of 19.8 per cent in the first half of FY23