BSE Sesnex tumbled more than 1,030 points from day's high to slip to 71,107.77, while NSE's Nifty50 index lost over 300 points during the session to barely hold above 21,500-levels.
The rise in Adani stocks follows a report which said the conglomerate is in talks with global private equity firms and Indian banks to raise up to $3 billion
Adani Green Energy s revenue from operations in the third quarter increased 17% to Rs 2,311 crore, compared with Rs 1,971 crore in the corresponding quarter of last year. The company posted an EBITDA of Rs 1,667 crore, an increase of 95% over the previous year period. EBITDA margins for the quarter stood at 72%.
AESSTL was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 25 January 2024. Adani Energy Solutions acquired equity shares at a face value of Rs 10 each.
CA Rudramurthy BV, MD, Vachana Investments, says the Bank Nifty spot level of 45,600 and the Nifty level of 21,650 are crucial for determining the pre-budget rally. He is waiting for a close above these levels to confirm the market s upward movement. He advises being stock specific and waiting for opportunities to buy. He also shares his trading ideas, including a positive outlook on Thomas Cook and MRPL stocks.