NEW DELHI: Adani group shares extended gains on Monday amid a record breaking rally in the broader market following state poll results, taking the total market valuation of group companies to close Rs 12 lakh crore mark.Adani Green Energy zoomed 9.43 per cent to close at Rs 1,123.35 apiece, Ambuja Cements rallied 7.32 per cent … Read more
Mumbai: Cement companies are expected to show 25-30% sequential improvement in Ebitda per tonne for the second half of the current fiscal year amid rising demand from the real estate sector and government infrastructure projects, and stable raw material prices. Sharp price hikes taken by companies across regions over the last two-three months are also … Read more
US-based NRI investor Rajiv Jain, who runs GQG Partners, added four stocks – Adani Power, JSW Energy, Patanjali Foods and IDFC First Bank – to his portfolio in the September quarter. At the end of September 2023, GQG owned a 3.25% stake in Baba Ramdev’s Patanjali Foods through two of his funds, shareholding pattern data … Read more
Mumbai: Shares of cement companies rallied on Monday after producers hiked prices for September by 3-10% in east, west and central India. Shares of UltraTech Cement, ACC, Ambuja Cements, Shree Cements, Dalmia Bharat, Gujarat Ambuja Exports, Birla Corp, Ramco Cements, Nuvoco Vistas, ACC and Ambuja Cements ended 2-9% higher on the NSE. While the September … Read more
Mumbai: Shares of most Adani group companies fell 2-4% on Thursday as sentiment soured after a report by Organised Crime and Corruption Reporting Project (OCCRP) – a network of investigative reporters backed by billionaire-philanthropist George Soros – alleged that business partners of the Adani family made large investments in its shares through ‘opaque’ Mauritius funds. … Read more