Adani Ports and Special Economic Zone Ltd is trading near its 52-week low of Rs 651.95. In the last month, the stock has dropped by 9%. In Friday's trading session, the stock closed at Rs 678.30. The current level represents an approximate decline of 38% from its 52-week high of Rs 924.65. The company was [...]
The shares of Adani Green and Adani Transmission were holding strong against the general decline in the markets. Adani Green was trading at ₹ 1,782 or 1.40% up as of 13:10 IST. Similarly, the power distribution arm of the energy to oil conglomerate climbed 1.15% to touch ₹ 2,075 per share. Contrast this with the [...]
Gautam Adani ranks seventh on the list of the world’s richest people right after Mukesh Ambani. In the last three years, the business tycoon has become immensely popular and has amassed a huge amount of wealth. The regulatory scrutiny of the ownership structure of his listed companies had increased in October 2021, when Gautam Adani [...]
The shares of Adani Green Energy plunged 12.21% on Tuesday’s intraday trade, wiping off $10.6 billion in market cap. They reached a low of ₹1833.10 and a high of ₹2140.00 during the day. The shares changed 1,48,97,503 hands before they closed at ₹1888.95 apiece. The shares are currently trading at ₹1861.80 levels. In the past [...]
The week started with a jump in the BSE Sensex, tracking gains in US markets and buying in index majors Reliance Industries and HDFC. The 30-share index was trading 488 points higher at 53,281.93 points. The Nifty was trading at 15,921.75 points, up 140 points. On Friday, the benchmark indices clocked sharp gains in a [...]
Indian business tycoon Gautam Adani on Sunday, May 15, clinched a $10.5 billion deal to acquire a 63.19% stake in Swiss cement major Holcim Ltd's India operations, Ambuja Cements Ltd and its subsidiary ACC Ltd. This deal is India’s biggest M&A transaction in the infrastructure and materials space, the Adani Group said. With this acquisition, [...]
The shares of Adani Wilmar traded lower for the eighth straight day and hit the 5% lower circuit for five consecutive trading sessions. They have slipped 34% from their 52-week high of ₹878 apiece that they had touched on 28th April 2022. This happened as investors continued to book profits. On Tuesday's trades, the shares [...]
The Indian equity benchmarks, the NSE Nifty and the BSE Sensex plummeted tracking a global sell-off after The Bank of England and the US Fed hiked interest rates. The RBI too hiked interest rates and increased the cash reserve ratio. All sectors on the NSE were deep in the red, dragged by financial, IT and [...]
Benchmark indices BSE Sensex and the NSE Nifty 50 ended nearly 1% lower on Friday after erasing all opening gains. The Sensex dived 0.8% or 460 points to settle at 57060.87, while the Nifty 50 plummeted 0.83% to finish trade at 17,102. There was heavy turbulence in the market due to fears of a global [...]
Indonesia, the world’s largest exporter of palm oil, had announced a ban on its exports from April 28, 2022. Oil prices are already on the boil amid the Russia -Ukraine war and this ban will push the prices of edible oils higher. While the ban will pinch the pockets of many people, the rise in [...]
