Adani FPO subscribed 1 pc on opening day

A follow on share sale of Adani group’s flagship company was on Friday subscribed just one per cent on the opening day as shares plunged after a scathing report by a US short seller.Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the […]

Share Market Highlights: Nifty settles above 18050, Sensex surges 450 pts; Bank Nifty above 43200, Adani Ent, Ports climb 3%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Friday’s session in the green territory. The NSE Nifty 50 surged 149.95 points or 0.84% to 18,065 and BSE Sensex skyrocketed 463.06 points or 0.76% to 61,112.44. In sectoral indices, Bank Nifty jumped  233.05 points or 0.54% to 43,233.9 and Nifty IT […]

South Indian Bank scripts a turnaround

The stock of Thrissur-based South Indian Bank outperformed its peers in the past year. While it is a small-cap stock with market capitalisation of just Rs 3,500-odd crore, the sharp rise of 118% to Rs 17.2 per share (on Thursday) has attracted brokerages towards it. In a recent report, ICICI Securities has increased its price […]

Adani stocks lose Rs 11 lakh cr in market cap in a month, more than govt’s capex spend plan in full year FY24

Adani Group shares have lost in just 30 days more than what the Indian government plans to spend on capital expenditure over the full financial year 2023-24. Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, Adani Transmission, Adani Wilmar, Ambuja Cements and ACC Ltd stocks have together lost over Rs 11 […]

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