Shares of Adani group companies were in demand Monday as they rallied up to 7 percent in early deals on the BSE amid heavy volumes. Adani Energy Solutions (up 7 per cent at Rs 1,135.80), Adani Enterprises (6 per cent at Rs 3,058), Adani Total Gas (5 per cent at Rs 1,051), Adani Power (5 per cent at Rs 569.60), Adani Ports (APSEZ) (4 per cent at Rs 1,195), Adani Green Energy (1,737.75) and Ambuja
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Shares of Tech Mahindra slipped 6 percent to Rs 1,322 on the BSE in Thursday’s intraday trade as investors booked profit in the shares after the company reported a 60.6 percent year-on-year (Y-o-Y) decline in net profit to Rs 510.4 crore for the December quarter (Q3FY24). Ahead of the result, the stock rallied 13 percent in the past two weeks. It had hit a 52-week high of Rs 1,416 on January 23. Despite today’s decline,
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Shares of Zee Entertainment Enterprises (ZEEL) slipped 10 percent on the BSE in Tuesday’s intraday trade after Sony Pictures Networks India Private, a wholly-owned subsidiary of Sony Group Corporation of Japan, issued a termination notice to the company on their merger agreement on Monday. The Japanese firm has sought $90 million in termination fees from ZEEL. Foreign brokerage CLSA has downgraded ZEEL from ‘Buy’ to ‘Sell’ with a revised target price of Rs 198 (from
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Shares of railway-related companies were on a roll and rallied up to 18 percent on the BSE in Friday’s intra-day trade on heavy volumes amid expectation of higher budgetary allocation for Indian Railways in 2024-25 (FY24-25). An outlay of Rs 2.4 trillion for the financial year 2023-24 (FY23-24) was made by Finance Minister Nirmala Sitharaman for the railways. According to reports, the interim budget FY24-25 will likely allocate Rs 2.8-3 trillion for the railways to
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Shares of Aarti Industries (AIL) rose 8 percent on BSE to Rs 658.70 in Friday’s intra-day trade amid heavy volumes. The average trading volumes on the counter jumped over four-fold. A combined 6.04 million equity shares of the company changed hands on the NSE and BSE. In the past two days, the stock of the specialty chemicals company has surged 13 percent after it secured a four-year supply contract worth over Rs 6,000 crore with
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