Adani Enterprises, Adani Ports And Ambuja Cements Under NSE’s Additional Surveillance From Today

Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., and Ambuja Cements Ltd. will be under the National Stock Exchange’s short-term additional surveillance starting Feb. 6. India’s largest bourse had on Feb. 2 announced the decision to move the stocks under additional surveillance or ASM. From Monday, the applicable margin on the three stocks … Read more

Adani Enterprises Files Papers For Rs 20,000 Crore FPO With SEBI

Adani Enterprises Ltd. has filed documents with the Securities and Exchange Board of India for its Rs 20,000 crore follow-on public offering. The open offer by the ports-to-green hydrogen conglomerate incubator will open on Jan. 27 and close on Jan. 31. The anchor investor bid date has been set for Jan. 25. Shares will be … Read more

O2C, Upstream, And Retail Growth To Drive Reliance Industries’ Q3 Earnings, Say Brokerages

A recovery in Reliance Industries Ltd.’s oil-to-chemicals segment, a strong uptick for upstream, and sustained growth across consumer-facing businesses will lead to Ebitda growth of 10% sequentially in the third quarter, Nomura said. The consolidated Ebitda, according to the brokerage, will rise 10% sequentially to Rs 34,200 crore, while the standalone Ebitda may gain 14% … Read more

All You Need To Know Going Into Trade On Dec. 30

U.S. stocks snapped their two-day decline after jobs data indicated a less likely scenario for growing inflationary pressures. The S&P 500 was up 1.9%, while the tech-heavy Nasdaq 100 increased 2.6%. The yield on 10-year Treasuries declined five basis points to 3.83%.Meanwhile, crude fell 1.5%, whereas gold futures rose 0.5%. Bitcoin increased 0.6% to trade … Read more