[ad_1] Adani Enterprises, part of Adani Group of CompaniesGained a little over 50 percent over the past year and the chart pattern indicates that the uptrend is likely to continue. The stock hit a 52-week high of Rs 2420 on 27 April 2022, but then the trend turned sideways. The recent price action pushed the stock above the 50-DMA which is a positive sign. Experts suggest that short-term traders can buy the stock now or on downside for a possible target of Rs 2800, which would result in new 52-week…
Tag: Adani
AMFI: Adani Power, Chola Invest, BOB may get large-cap tag from AMFI
[ad_1] Mumbai: Stock Like Adani PowerHAL in the upcoming Association of Mutual Funds in India’s semi-annual upcoming reclassification, and is likely to be upgraded from mid-cap to large-cap. IDBI Bank, The brokerage said there is a possibility of a downgrade in the mid-cap category from SAIL, LIFE, and large-cap. amphi Announces reclassification of shares twice a year. The next round is scheduled in the first week of July. Mutual fund managers should consult the AMFI classification to balance their portfolios as per the category requirement. No new inflows or outflows…
Changes in AMFI: Adani Power may soon get the tag of largecap; LIC, HAL also in race
[ad_1] Amfi’s upcoming list of stock classifications is due, which will take into account the January-June 2022 data, a period that saw record FPI outflows and high volatility on Dalal Street. ICICI Securities believes that the types of stocks that will upgrade from small to midcap and midcap to largecap category do not indicate a risky environment as most of them are cyclical and capital-intensive sectors such as financial and industrial are related to. On the other hand, ICICI Securities said some of the downgrades are from growth, quality and…
Adani Green: Bonds of Tata Motors, Adani Green sink as India’s debt sinks due to weak rupee
[ad_1] Jaguar-owner and mining giant Resources Ltd’s debt suffered the biggest fall on record last week, among a handful of Indian companies whose bonds fell to record lows of the rupee. In addition to those two dollar notes maturing in 2024, Energy’s forex bonds fell the most since March, while GMR Hyderabad 2026 debt also declined, Bloomberg-compiled data shows. The fall coincides with the rupee touching its all-time low against the dollar, posing the challenge of already high interest rates for Indian companies to pay off existing foreign debt or…
Adani: Adani Group’s valuation growth fastest at 88 per cent, Ambani-led RIL up 13 per cent: Report
[ad_1] Adani Group A report on Wednesday said that in the six months to April 2022, there has been an increase of 88.1 percent in terms of value to Rs 17.6 lakh crore. In comparison, billionaire Mukesh Ambani‘s Reliance Industries – which has almost all of its ventures – increased its value by 13.4 per cent to Rs 18.87 lakh crore, helping it retain the top ranking in the Burgundy Private Hurun India 500 rankings. 12.97 lakh crore, followed by , and. In Ahmedabad-based Gautam Adani-led firms, valuations for It…
Big movers on D-ST: What should investors do with HPCL, Adani Enterprises and Adani Wilmar?
[ad_1] The Indian market closed in the red for the second consecutive day on Tuesday following sluggish global cues. The S&P BSE Sensex was down over 150 points while the Nifty 50 closed below the 15,800 level. In the sector, selling pressure was witnessed in energy, oil & gas, auto, finance and metal stocks, while buying was witnessed in realty, capital goods, power and utilities. The stocks that were in focus included names like Which was down about 6 percent, increased by more than 5 percent, and which rose about…
Adani: Neither Tata nor Adani, the latest multibagger is a long forgotten Birla stock
[ad_1] A long forgotten auto stock from the stable of CK Birla Group Not only is it defying the ongoing sell-off on Dalal Street, it has also reversed multibagger, Iconic Hindustan Motors stock ambassador carhas increased by 125 percent in just 3 weeks when Sensex There was a loss of about 3 percent. Since May 25, Smallcap has been regularly hitting the upper circuits to reach new 52-week highs every day. On Monday too, the stock was trading at Rs 24.35, touching the upper circuit limit of 5 per cent.…
Investors Summit: Adani to invest Rs 70,000 cr in UP, create 30,000 jobs
[ad_1] Prominent industrialist Gautam Adani committed to invest Rs 70,000 crore in Uttar Pradesh at the third edition of the UP Investors Summit in Lucknow on Friday. Speaking at the event, the billionaire investor said that this investment will create 30,000 jobs in India’s most populous state. Of this investment, Rs 11,000 crore has already been spent on projects like transmission and green energy. “We are investing over Rs 70,000 crore in the state. We expect this investment to create more than 30,000 jobs,” Adani said. The group is investing…
Essar Power to sell transmission line to Adani for Rs 1913 crore
[ad_1] Essar Power on Friday said it has entered into a definitive agreement with Adani Transmission To sell one of its two transmission lines for Rs 1,913 crore. Essar Power Transmission Company has 465 km of transmission lines in three Indian states. The assets dealt with is the 400 kV inter-state transmission line connecting Mahan with Sipat Pooling Substation. The project works under the Central Electricity Regulatory Commission (CERC) regulated return framework. Essar Power in a statement said it has entered into a definitive agreement with Adani Transmission Ltd to…