Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar?
Benchmark indices Sensex and Nifty edged lower on Thursday, extending their losing run to the fourth straight day on disappointing earnings and unabated FII outflows Stocks that were in focus include names like ITC, which fell 2%, ACC, which rose 0.2%, and Adani Wilmar, whose shares jumped nearly 6% on Thursday. Here’s what Ameya Ranadive…
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Stock to watch: Adani Wilmar shares in focus as company reports 16% YoY revenue growth in Q2
Shares of Adani Wilmar are likely to remain in focus on Monday as the company posted a double-digit revenue growth of 16% year-on-year in Q2FY25 driven by strong execution in both edible oils and food business. The company informed exchanges about the development in its quarterly updates on Friday after market hours. Adani Wilmar said…
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Adani Enterprises set to raise up to $2 billion through a QIP next week
Mumbai: Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month…
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Big movers on D-Street: What should investors do with ITC, Zomato and Adani Wilmar?
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior…
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Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani’s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged companyβs…
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