Stocks

Adani’s ports-to-power conglomerate ‘deeply overleveraged’: CreditSights

The aggressive expansion pursued by the Adani Group, led by Asia’s richest person, has put pressure on its credit metrics and cash flow, CreditSights said Indian billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in …

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Dalal Street bears take revenge as Sensex slumps 1,500 points in 2 days

Indian stock markets fell sharply for second straight session after the recent rally that took Nifty closer to 18,000 mark. The Nifty50 index fell over 1.5% to settle below 17,500 while Sensex fell over 850 points, dragged by tech and bank stocks. Both the indices had slumped over 1% on Friday. Global markets were also …

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Long winter on the Street set to get longer! FIIs don’t seem to be coming back anytime soon

Concerns over near-term risks including tightening monetary conditions, a slowing economic outlook, likely earnings cut for the Nifty and headwinds from higher crude oil prices will likely keep them away A characteristic of the ongoing market correction has been heavy selling by foreign investors. Since October last year, they have withdrawn about net Rs 2.08 …

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The worst is not over yet! Nifty could fall to as low as 13,750, say analysts

Even as the market opened on a positive note on Monday thanks to a fall in crude oil prices over the last couple of days, buying was not enough to keep the indices in the green. Investors remained cautious on equities given rising risks of recession and inflation. Most analysts feel selling in the market …

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Reliance Retail, Jio IPO unlikely to be announced in RIL AGM: JPMorgan

Reliance Industries Ltd (RIL) is unlikely to announce the initial public offerings (IPOs) of Jio and Retail in this year’s annual general meeting (AGM), as per global brokerage JPMorgan, as RIL AGM’s expectations continue to center on the potential de-merger of the retail and telecom businesses. RIL’s AGM tends to be announcement-heavy and expectations run …

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LIC share price hits new low, market cap dips below ₹5 lakh crore

LIC share price: Extending the sell-off for the fifth straight session, shares of the Life Insurance Corporation (LIC) of India nosedived to its new low today in Monday’s morning deals. LIC share price today opened at ₹800.25 apiece levels on NSE and went on to hit new low of ₹786.10 apiece levels in the opening bell with its …

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Multibagger penny stock to consider bonus share, stock-split. Details here

Multibagger stock: Rajnish Wellness Ltd has informed Indian bourses that a meeting of board of directors of the company is scheduled to be held on 13th June 2022 to consider issuance of bonus shares and stock sub-division. The company management informed about the board agenda in its latest exchange communication. Stock market observers believe that the …

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