Adani stocks plummet up to 48% in FY25 so far, Rs 3.4 lakh crore in market cap wiped out
Adani Group stocks fell 21% in FY25, losing Rs 3.4 lakh crore in market value due to investor caution, regulatory issues, and FII sell-offs. Adani Green, Adani Enterprises, and NDTV saw steep declines, while broader market volatility and policy uncertainties also impacted valuations. The group denies all allegations.
GAIL, GSPL shares rally up to 7% after PNGRB tariff proposal boosts sentiment
According to CLSA, the changes are expected to reduce operating expenses (Opex) for Indraprastha Gas Ltd (IGL) and, to some extent, for Mahanagar Gas Ltd (MGL). However, GSPL is anticipated to be the biggest beneficiary of these amendments, as highlighted by the global brokerage firm.
RailTel shares zoom nearly 10% on receiving Rs 25 crore work order from HPCL
RailTel Share Price: The contract is for providing MPLS/ILL (Multi-Protocol Label Switching/Internet Leased Line) services for a duration of 5 years. It is a rate contract for 5 years to renew existing MPLS/ILL links and provide new connections as needed, based on feasibility.
L&T shares rise 3% after board approves Rs 12,000 crore debt-based fundraising plan
L&T shares rose 3% to Rs 3,515.9 after the company’s board approved a Rs 12,000 crore fundraising plan and appointed Subramanian Sarma as Deputy Managing Director. Additionally, L&T secured an order worth Rs 2,500-5,000 crore for projects in Hyderabad and Chennai. Trendlyne’s target price for the stock is Rs 4,092, indicating a 17% upside from […]
Jindal Stainless shares slump 4% after Nuvama slashes target price on margin pressure, but retains buy rating
Jindal Stainless shares fell 4.3% after Nuvama cut its target price, citing weak exports and high imports impacting profitability. The company delayed its Jajpur expansion, while analysts remain optimistic despite a 28% correction. Near-term challenges persist, but long-term growth prospects remain intact.
DLF shares up 3% after Rs 20,000 crore investment plan. Here’s what brokerages say
Shares of DLF Ltd increased by 2.6% to Rs 715 following the company’s announcement to invest Rs 20,000 crore in commercial expansion. Despite mixed reactions from brokerages, the company maintains firm on its FY26 pre-sales target and expects significant rental income growth by FY30.
Stocks to buy today: Brokerage firms see 10-20% upside in Jindal Stainless, DLF, and Kalyan Jewellers
Nuvama has maintained a ‘Buy’ rating on Jindal Stainless, but has lowered its target price, citing challenges from weak export demand and high imports impacting profitability.
Auto sector outlook positive; two-wheelers offer better value: Sandip Sabharwal
Havells would be more diversified with some positives coming from the rest of the durables growth. AC growth is expected to be strong and on wires and cables, obviously, they will also get impacted.
GRSE shares enroute to Rs 1,900, buy on dips: Anand James
While Nifty took 10 trading sessions to swing from the lower Bollinger band to the middle band, it took just 3 sessions to travel the upper half. This suggests that the uptrend is gaining momentum, encouraging us to believe that, despite the pace of upsides, there is more to come.
ETMarkets Smart Talk: India’s consumption boom – key sectors to watch, according to Harshad Patil
India has been labelled as one of the highest tariff nations by the U.S. President, and there is speculation that the U.S. will announce reciprocal tariffs on Indian goods as early as April 2nd.