That’s still below the price band for the share sale – Adani has set a floor price of 3,112 rupees per share and a cap of 3,276 rupees.
The research firm, in its report, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.
BSE Sensex dropped below 59,800 level as it declined 479 points to 59,637.06 while NSE’s Nifty 50 fell 141 points to 17,750.60 in morning trade on Friday.
While the report later corrected some calculation errors, CreditSights said it maintained concerns over leverage.
The stock fell 2.68 per cent to Rs 908.35 apiece in early trade on the BSE.
In the overseas market, gold was quoting lower at USD 1,926 per ounce while silver was flat at USD 23.88 per ounce.
Shares of ICICI Bank jumped 1.06 per cent to Rs 879.65 apiece in early trade on the BSE. The stock touched an early-high of Rs 883.90 and a low of Rs 871.25 so far during the trade.
Total income increased to Rs 26,218 crore in the quarter from Rs 21,312 crore in the year-ago period, the state-owned bank said in a regulatory filing.
The stock of the country’s most valued firm by market valuation jumped 0.90 per cent to Rs 2,464.80 in early trade on the BSE. On NSE, it gained 0.95 per cent to Rs 2,465.75.
The company’s latest shareholding pattern for the quarter ended December shows that mutual funds increased their stake by 0.47 per cent to 1.73 per cent.
Purchasing a used motorcycle has become easier and more affordable, thanks to second-hand bike loans.
The 30-share BSE Sensex declined 236.66 points or 0.39 per cent to settle at 60,621.77 with 20 of its constituents ending in red. During the day, it fell 273.18 points or 0.44 per cent to 60,585.25.
Earlier in the morning, he had addressed a townhall of Swiggy employees.
Total income increased to Rs 24,154 crore in the latest December quarter from Rs 19,454 crore in the year-ago period, Union Bank of India said in a regulatory filing.
Along with the increase in gold’s price on the bullion market, silver’s price also rose. The price per kilogramme of silver (999) increased by 1,121 on Monday.
From the Sensex pack, Axis Bank, NTPC, HDFC, HDFC Bank, Mahindra & Mahindra, ICICI Bank, Reliance Industries and Maruti were among the major laggards.
The bank’s total income increased to Rs 4,967 crore in the latest December quarter from Rs 3,927 crore in the year-ago period, Federal Bank said in a regulatory filing.
So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI.
The 30-share BSE benchmark Sensex traded 118.37 points or 0.20 per cent higher at 60,379.55.
The stock gained 1.81 per cent to Rs 400.80 apiece on the BSE.
Brokerage firm Centrum Broking is positive on Infosys and it recommended investors ‘add’ the Infomation Technology services firm’s shares to their investment portfolio. The brokerage sees the potential of about 10 per cent returns on investment. It pegged the share target price at Rs 1,633. At the time of writing[Read More…]
Also, the incremental account additions of such accounts were higher in December in comparison with the preceding three months, however, below the financial year 2021-22 (FY22) average run-rate of 29 lakh.
The announcement created artificial volume and impacted the price of the scrip, thus defrauding the investors.
The 30-share BSE Sensex rose by 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26.
