The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
CLOSING BELL: Adani Enterprises led from the front with a near 13-per cent rally, followed by Divis Labs, Bajaj Finserv, BPCL, SBI Life, TC, Asian Paints, Tata Motors, and IndusInd Bank (1 per cent)
The stock was quoting at its highest level since February 1, 2023 and has recovered 25 per cent from its 52-week low of Rs 2,730, touched on March 14, 2023
The company said strong growth led by Enterprise Solutions; change in model for Trust Services resulting in diversification and better quality of revenue for trust services.
Adani Wilmar was locked in the 10% upper circuit, while, Adani Transmission, Adani Green Energy, Adani Total Gas, and NDTV were locked in 5% upper circuit for the second straight day
CLOSING BELL: Among sectors, the Nifty Metal climbed over 3 per cent, followed by the Nifty IT index (up 2.5 per cent)
Shares of Jet Airways declined 5 per cent as uncertainty continued over the revival of the grounded air line company
The company reported the highest-ever revenue and profitability in Q4FY23, as well as for FY23, which is attributed to increased patient footfalls along with improvements in speciality and payor mix
Shares of Gland Pharma tumbled 19 per cent to hit a new low of Rs 872.10 in Monday's intra-day trade, in an otherwise firm market
The company said delisting proposal will provide the public shareholders an opportunity to realise immediate and certain value for their equity shares.
In a step to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India, the company signed an agreement to acquire the EV division of Mumbai-based Mass-Tech Controls.
Tejas Networks Ltd, too, is a part of the TCS-led consortium which has bagged APO for 4G deployment
Hemanth Reddy Gaddam has also resigned as whole-time director & CFO of the company with effect from closing hours on May 2023 to focus on its subsidiary Balaji Speciality Chemicals
Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.
CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.
Post the acquisition, their total holding in the company has increased to 6.89 per cent from 3.30 per cent
While long term prospects of profitability look promising, the short term outlook is expected to improve from Q2FY24, Ramco Cements said.
The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities.
Last week, global index provider MSCI dropped Adani Total Gas and Adani Transmission from its India index
The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent
Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity