Target: ₹766 CMP: ₹668.10 Oil India reported an EBITDA of ₹2,470 crore (up 5.6 per cent QoQ, PL Capital expectations: ₹2,520 crore). PAT came in at ₹1,470 crore (down 27.7 per cent QoQ, PLe: ₹1,890 crore) on standalone basis. Decline in PAT was on account of lower other income. Total oil and gas production grew…
Target: ₹112 CMP: ₹131.70 SAIL’s Q1-FY25 performance was below the consensus estimates owing to lower NSR and volumes. Due to the global steel pricing being under-pressure and China’s cheap steel imports showing continuous increase every month, SAIL’s quarterly performances have been impacted. Imported coking coal cost for Q1-FY25 was in the range of ₹24,500/t and…
Adani Group stocks will remain in focus after the US-based short-seller Hindenburg Research last week in a sensational disclosure alleged that market regulator Securities and Exchange Board of India’s (SEBI) reluctance to act against the Adani Group might be linked to its chief Madhabi Puri Buch, having stakes in offshore funds associated with the conglomerate….
Equity markets and specifically Adani group stocks opened in the red following a fresh report by Hindenburg Research alleging conflict of interest on the part of SEBI chairperson Madhabi Puri Buch. At 10.20 am Sensex was down 188 points (0.24%). Adani Enterprises, Adani Ports, Adani Power, and other group shares lost as much as 5-6 per cent…
All the ten Adani group stocks slumped in early trade on Monday, with Adani Energy tumbling 17 per cent, after the US short-seller Hindenburg Research alleged that SEBI chairperson Madhabi Puri Buch and her husband had undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by Vinod Adani to…
Indian shares declined on Monday, with all 10 Adani group stocks dropping after U.S. short-seller Hindenburg Research alleged the head of the country’s markets regulator held a stake in offshore funds used by the group. The NSE Nifty 50 index was down 0.31% at 24,291.55, as of 10:18 a.m IST, and the S&P BSE Sensex…
The initial public offering of Saraswati Saree Depot IPO opens for public subscription today. The IPO that ends on August 14 comes out with price band of ₹152-160 and the issue size is ₹160.01 crore. The IPO is a combination of fresh issue of 0.65 crore shares aggregating to ₹104 crore and offer for sale of…
Gift Nifty indicates a flat to negative start for domestic markets on Monday. Following scathing reports against Hindenburg that directly accused SEBI chief Madhabi Buch, traders are a little nervous. However, analysts do not expect the report to have a big impact on the market. Nifty futures at Gift City is ruling at 24,360, against Friday’s…
tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 12 August 2024. ALL UPDATES August 12, 2024 07:33 Stock market live updates today: Nova Agritech Q1 Sl Net Profit 1.1b Rupees Vs 392m (yoy); 1.1b (qoq)…
Amid rising concern over small market valuation and volatility, stock exchanges will enhance the enhanced surveillance measure (ESM) framework to companies with market capitalisation of ₹1,000 crore from ₹500 crore from Tuesday. Last June, stock exchanges introduced ESM to rein-in volatility in small-cap stocks aided by huge fund flow through mutual fund schemes. Following a…
