Adani Energy shares fall 9% on getting bad news from MSCI
MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.
Hindalco shares dip 7% as Novelis’ net income falls by 18% YoY
Hindalco’s shares plummeted 7% following subsidiary Novelis’s announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis’s adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
Deregulation and M&A prospects boost investor confidence post-Trump victory: Matt Orton
The regulatory environment for the past four years has not been incredibly favourable for mergers and acquisitions, it has not been favourable for consolidation of certain industries and so I think that is a big part of what was playing out today.
After Hyundai, will listing gains be elusive for Swiggy too?
Swiggy’s IPO is facing uncertainty as analysts advise investors to consider the long-term potential due to profitability concerns and competition from Zomato. Despite conservative pricing, the IPO saw muted demand on its first day, with grey market trends indicating minimal listing gains.
Waaree Energies shares slide over 6% even as co secures 180 Mwp module supply order
Waaree Energies, India’s largest solar panel maker, saw its shares dip slightly despite securing a major order. This follows a stellar week for the company, which recently went public. The IPO was a resounding success, attracting record bids and pushing the company’s value over Rs 1 lakh crore.
Apollo Hospitals shares surge 6% on 63% YoY jump in Q2 profit
Apollo Hospitals’ shares reached a record high after the company announced a 63% surge in Q2FY25 net profit, hitting Rs 379 crore. This impressive performance was fueled by a robust 14% growth in their hospital business revenue, reaching Rs 2,903 crore, and a significant rise in patient inflow, pushing occupancy to 73%.
Niva Bupa Healthcare IPO opens for subscription today. Should you bid?
Niva Bupa Healthcare has announced its initial public offering (IPO), aiming to raise Rs 800 crore. The IPO, open for subscription until November 11, includes a fresh issue and an offer for sale by existing shareholders. The company plans to use the proceeds to strengthen its capital base and support future growth.
Power Grid shares in focus after reporting muted Q2 results
Power Grid Corporation reported a consolidated net profit of Rs 3,793 crore in the September quarter, remaining unchanged from the previous year. Revenue remained stagnant at Rs 11,278 crore. Despite the flat growth, the company announced an interim dividend of Rs 4.
ETMarkets Smart Talk: Sunrise sectors to watch – Energy Transition and E-Commerce lead India’s investment themes, says Sandip Bansal
While we have been lulled into believing that markets should not be volatile—based on the experience of the last few years—volatility is an inherent characteristic of the markets. That said, the volatility was concentrated in October, with broader indices down by around 7% or so.
ACME Solar raises Rs 1,300 cr from anchors
ACME Solar raised Rs 1,300.5 crore from 58 anchor investors ahead of its IPO, selling 45 million shares at Rs 289 each.