Tag: adani

Dipan Mehta discusses Adani Ports as a standout in the logistics sector, emphasizes cautious market approach, highlights AI\’s significance in software companies, and advises prudence in commodity stock investments, suggesting specific opportunities like Vedanta and Jindal Stainless for potential returns. Mehta alsosays: \”Technology is the way forward. The biggest trend of the next decade has to be AI and the best way to play AI would be through Indian software service companies.\”

The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.

The latest shareholding pattern shows that GQG\’s ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII\’s stake rose from 1.33% to 5.2% sequentially.

29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.

Resolution professional sets new EoI date for KSK Mahanadi Power after failed takeover bids. Debts, creditor details, and twists in resolution process highlighted. Concerns over supporting companies\’ value addressed by NCLT.