In FY24, Adani Power saw the largest release of promoter pledge shares, followed by Adani Ports & SEZ and Adani Green Energy. In March 2023, Adani Power had pledged 72.72 crore promoter shares, which has now reduced to 44.56 crore
Deven Choksey favours UPL, ICICI Bank, HDFC Bank, and Kotak Mahindra Bank. He highlights the lack of clarity in Biocon s business and advises caution in the chemical sector. He suggests Whirlpool needs to improve its strategy to compete with domestic players. Companies in niche areas like Anupam Rasayan, Ami Organics, Laxmi Organics remain relatively stronger players.
India s benchmark indexes
rose on Thursday after easing from near record highs in the past
two sessions, aided by a rebound in financials, while realty
extended gains on robust sales volumes. .
Choksey said that it would be tough for other operators to get in line with Reliance Jio as they have not invested in an ecosystem at the lower-end range of smartphones.