With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more
AdaniConneX is in the final stage of discussions to raise $900-950 million (₹7,500-7,920 crore) through a six-year offshore loan from a group of eight lenders, including MUFG Bank, Sumitomo Mitsui Banking Corp (SMBC) and Standard Chartered Bank, people with knowledge of the matter said. The loan agreement is set to be signed early this week, … Read more
Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
Metal stocks jumped 11% on Tuesday, led by Hindustan Copper and Hindustan Zinc, amid a slew of triggers like strong Q4 updates and improving manufacturing outlook in the world’s two largest economies – China and USA. The other major gainers were Vedanta and Steel Authority of India (SAIL) which rose over 4.5% in intraday trade. … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more
Bajaj Auto. Share Price 8498.45 03:58 PM | 22 Feb 2024 266.21(3.24%) HCL Technologies. Share Price 1686.40 03:58 PM | 22 Feb 2024 50.11(3.07%) Eicher Motors. Share Price 3951.40 03:57 PM | 22 Feb 2024 115.06(3.00%) Coal India. Share Price 445.15 03:59 PM | 22 Feb 2024 12.20(2.82%) ITC. Share Price 414.45 03:59 PM | … Read more
Brokerage firm Jefferies initiated a buy rating on Adani Enterprises, and Macquarie recommended an underperform rating on Zydus Life and an underweight on Wipro. Nomura maintained a neutral rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Adani Enterprises: Buy| Target Rs … Read more
Shares of Adani Total Gas have turned multibagger in just eight sessions giving 115% returns. On Thursday, the stock jumped 10% and hit the day’s high of Rs 1,053.30 amid significant volumes. Around 11 am, over 82.45 lakh shares changed hands on the NSE. The stock has hit back-to-back 20% upper circuit this week. Even … Read more
A stellar 30% gain in two sessions saw the market capitalisation of the Adani Group stocks top the Rs 13 lakh crore mark on Tuesday. This is the first time that the group’s shares touched the Rs 13 lakh crore mark after facing a decline earlier this year following a report by American short-seller Hindenburg … Read more
