By Siddhant Mishra On Monday, Adani stocks were being keenly watched by market observers. And while the stock of Adani Enterprises, which is in the midst of a follow-on offer, partially recovered to close with a gain of 3.06% on the NSE, others like Adani Green Energy and Adani Total Gas continued their downward trajectory […]
By Sameet Chavan Previous week’s smart recovery was followed by a positive start on Monday. The Nifty 50 index managed to extend gains towards 16900 on the same day itself. However, due to some nervousness at higher levels, markets witnessed a sharp profit booking on the subsequent day to snap all gains. Fortunately, it was […]
Domestic equity indices concluded Friday’s session in the red territory with Sensex settling below 60,000 and Nifty below 17,900. The top gainers of the BSE Sensex were Mahindra & Mahindra (up 1.07%), Reliance (up 1.01%), Nestle India (up 0.57%), ITC (up 0.40%) and Larsen & Toubro (up 0.23%) while TCS (down 3.03%), Bajaj Finserv (down […]
Housing Development Finance Corporation (HDFC) continues to report steady individual home loan growth (up 19% y-o-y) while disbursement growth was muted this quarter. Even as its funding costs have been rising faster than other NBFCs, margins were stable q-o-q and y-o-y as HDFC has been smoothly passing on hikes toits borrowers. Asset quality continues to […]
Adani Group stocks fell on Monday with Adani Enterprises shares falling 3.4% to Rs 1813.40 after the reports of Gautam Adani-led group suspending a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations and address investor concerns following a damning report by Hindenburg Research LLC. The group sent […]