Here’s a quick look at stocks likely to be in focus in today’s trade. Adani Power: Adani Power has announced that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL). The acquisition involves an upfront payment of ₹4,101 crore. LAPL is currently undergoing …
Nifty earnings are expected to remain flat to up to 4% rise on a year-on-year basis for the quarter ended June 30, 2024, according to estimates by brokerages Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL). While Kotak sees Nifty universe to report flat (0.6%) earnings on a YoY basis, MOFSL estimates a 4% …
In its recent June quarter (Q1FY25) earnings preview note, domestic brokerage house Motilal Oswal Financial Services (MOFSL) predicted that the Nifty50 earnings are likely to grow by 4 percent percent on a year-on-year (YoY) basis. Excluding global commodities like Metals and Oil & Gas (O&G), the Nifty is anticipated to report a 10 percent YoY …
There is much-needed optimism among market players as exit polls show a clear majority for the Modi government as India awaits the outcome of the historic election on June 4. The average of all exit polls indicates that the National Democratic Alliance (NDA), which had won 353 seats in 2019, is expected to win about …
The earnings season commenced in the second week of April and continues as more than 500 companies are poised to announce their fourth-quarter results in the upcoming week. Domestically, the final significant wave of Q4 earnings announcements will influence individual stock fluctuations. Included in this list are prominent names such as FSN E-Commerce Ventures (Nykaa), …
Stocks to buy or sell: The Sensex and Nifty 50, key domestic equity benchmarks, concluded Saturday’s trading session with upward momentum, extending their three-day rally. Fresh inflows of foreign investments and favourable international market signals propelled this. In the second special trading session, the 30-share BSE Sensex concluded at 74,005.94, marking a gain of 88.91 …
Mumbai: Hindalco Industries Ltd has decided to take its US subsidiary Novelis Inc. public, 17 years after the Aditya Birla group flagship snapped up the top aluminium maker that now fetches over half of its revenue. In a surprise announcement on Tuesday, Novelis said it has submitted a confidential filing for an initial public offering …
Adani Group: US-headquartered ratings firm Moody’s upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody’s upgraded the ratings of four Adani firms to stable — …
Hindalco Share Price: Shares of Hindalco Industries tanked 15 per cent to the day’s low of Rs 497.50 on the NSE on Tuesday after its US-based subsidiary Novelis lowered its returns guidance for Bay Minette project to double digits from an earlier mid-teens. Analysts believe that this would result in lower IRR (Internal Rate of …
To tap the emerging electrical vehicle market in India, Hindalco Industries will set up a new battery foil manufacturing facility with an investment of ₹800 crore in Odisha. The manufacturing unit will be commissioned by 2025, said the aluminum rolling and recycling company in its stock filing on Tuesday. Also Read: YES Bank share price …