Adani Wilmar, Adani Power, and Adani Total Gas are expected to see up to 18 per cent upside in the coming sessions
Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively.
The stock of Adani Group company has zoomed 136 per cent from its issue price of Rs 230 per share
The stock of the Adani Group edible oil major had closed at Rs 314.40 on Tuesday, correcting 25 per cent from its record high level of Rs 419.90 on February 11, 2022.
Soon after the Adani Group took over the control of Thiruvananthapuram Airport, the group is on its way to develop it, and the latest proposed acquisition is a modern building near the airport.
Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup
Shares of Adani Wilmar on Tuesday pared early gains but managed to close 2% higher after the company posted a 66% jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter.
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.
However, the Kishore Biyani-led retail company saw its revenue from operations increase by 87 per cent to Rs 2,816 crore in the December quarter
A joint venture between Adani Group of India and Wilmar Group of Singapore, AWL's consolidated revenues for the quarter stood at Rs 14,379 crore in the financial year 2021-22
Here are the top headlines on Monday
The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021
The company's consolidated revenue from operations rose 40% to Rs 14,379 crore
Adani Wilmar was locked at the 20 per cent upper circuit for the second straight day. The market cap of the company stood at Rs 50,201 crore, as per NSE data.
Shares of Adani Wilmar hit a new high of Rs 299.65, surging nearly 13% in Wednesday's intra-day trade
Stock had slipped below issue price to touch a low of Rs 227. But strong buying saw it end near day's high. Shares worth Rs 3,397 cr changed hands on NSE and another Rs 191 crore on BSE
Adani Wilmar gains 15% over issue price after weak debut; Ugar Sugar Works zooms 40% in 2 days; Sansera Engineering hits new low; Vedant Fashions IPO sails through on final day
The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints
The company's IPO saw strong response from investors and had been subscribed 17 times. The issue had received bids for 212.88 crore shares against the offer size of 12.25 crore shares.