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Adani Enterprises FPO Subscription Details: Day 2
The broader market indices traded mixed; S&P BSE MidCap was down 0.32%, whereas S&P BSE SmallCap was higher by 0.13%.
Thirteen out of the 19 sectors compiled by BSE declined, while six advanced in trade.
The market breadth was skewed in favour of the bears. About 1,599 rose, 1,838 declined, 191 remained unchanged on the BSE.
Canada Pension Plan Investment to invest $205 million (approx Rs 1,671.06 crore) as an anchor investor in IndoSpace Logistics Parks IV real estate fund.
Following the fourth investment tranche the partnership will exceed to $1 billion (approx Rs 8,100 crore) in assets.
IndoSpace Logistics Parks IV will focus on Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune housing markets.
CPP first venture with the company, called IndoSpace Core, established in 2017, owns the largest portfolio of logistics assets in India.
Source: Exchange filing
CCAvenue, has facilitated CBDC online transactions for one of India’s leading private sector banks.
Working with many banks to offer them payment infrastructure & technology.
Source: Exchange statement
Hindenburg Research says "Adani’s rebuttal has failed to specifically answer 62 of 88 questions posed" by the short-seller.
“Of the questions it did answer, the group largely confirmed or attempted to sidestep our findings,” it says in as statement.
Source: Bloomberg
The yield on the 10-year bond opened largely flat at 7.38% on Monday. It ended at 7.39% on Friday.
Source: Bloomberg
The local currency weakened by 12 paise to 81.64 at open on Monday. It closed at 81.52 on Friday.
Source: Bloomberg
Stocks Buoyed by China Reopen; Rate Decisions Loom: Markets Wrap
Jindal Steel & Power: Promoter group Siddeshwari Tradex created a pledge of 9 lakh shares on Jan. 24.
Abans Holding: Mafatlal Kalidas Bhansali sold 3.52 lakh shares (0.71%), Rajnikant Mafatlal Bhansali sold 5 lakh shares (0.99%), Vishal Rajnikant Bhansali HUF sold 2.89 lakh shares (0.57%) at Rs 270 apiece.
Adani Group Says Hindenburg Report Constitutes 'Securities Fraud' Under Indian Law
Adani Confident Of FPO Sailing Through; SEBI, Other Regulatory Bodies Probing Sell-Off, Says CFO
Vedanta Q3 FY23 (Consolidated, YoY)
Revenues down 0.02% at Rs 33,691 crore (Bloomberg estimate: Rs 33,981.1 crore)
Ebitda down 36.06% at Rs 6,656 crore (Bloomberg estimate: Rs 7242.7 crore)
Ebitda margin at 19.76% vs 30.89% (Bloomberg estimate: 21.3%)
Net profit down 40.83% at Rs 2,464 crore (Bloomberg estimate: Rs 17,42.9 crore)
The board approved an interim dividend of Rs 12.5 per share.
Bajaj Finance Q3 FY23
Net interest income up 24% at Rs 7,435 crore (YoY)
Net profit up 40% at Rs 2,973 crore (Bloomberg estimate: Rs 3,027 crore) (YoY)
Gross NPA at 1.14% vs 1.17% (QoQ)
Net NPA 0.41% vs 0.44% (QoQ)
Aarti Drugs Q3 FY23 (Consolidated, YoY)
Revenue up 4.59% at Rs 663.9 crore
Net profit down 37.07% at Rs 36.6 crore
Ebitda down 21.51% at Rs 70.6 crore
Ebitda margin at 10.64% vs 14.18%
Aditya Birla Sun Life AMC Q3 FY23 (Consolidated, QoQ)
Revenues up 0.95% at Rs 314.1 crore
Net profit down 13.25% at Rs 166.3 crore
Ebitda up 0.48% at Rs 183.2 crore
Ebitda margin at 58.32% vs 58.59%
Fineotex Chemical Q3 FY23 (Consolidated, YoY)
Revenues up 3.96% at Rs 109.2 crore
Ebitda up 13.88% at Rs 28.5 crore
Ebitda margin at 26.14% vs 23.86%
Net profit up 19.99% at Rs 22.1 crore
Godfrey Phillips India Q3 FY23 (consolidated, YoY)
Revenues up 28.23% at Rs 1,112.1 crore
Ebitda up 19.82% at Rs 209.75 crore
Ebitda margin at 18.86% vs 20.19%
Net profit up 70.26% at Rs 199.2 crore
AGI Greenpac Q3 FY23 (YoY)
Revenues up 43.39% at Rs 567.3 crore
Ebitda up 40.47% at Rs 109.5 crore
Ebitda margin at 19.31% vs 19.71%
Net profit up 80.81% at Rs 53.2 crore
Hinduja Global Solutions: The board approved the proposal to buy back 60 lakh shares (24.59%) at Rs 1,700 apiece to raise Rs 1,020 crore.
Dixon Technologies (India): The company signed a term sheet with Mega Alliance Holdings for a 51:49 joint venture to design and manufacture mobile communication equipment and related Solutions in India.
Cressanda Solutions: The board approved raising Rs 49.50 crore via a rights issue. Meanwhile, managing director Soumyadri Bose has resigned from the position, effective Jan. 27.
NMDC: Department of Investment and Public Asset Management announced that it has received multiple expressions of interest for privatisation of the NMDC Steel plant, and now the transaction can move to the second phase.
Borosil Renewables: The company started trial production from the second rolling line of SG-3 solar glass furnace.
Tube Investments of India: The company’s subsidiary Tl Clean Mobility will acquire the remaining 30.04% stake in Cellestial E-Mobility, currently held by the founders, for Rs 50.90 crore.
Firstsource Solutions: The board will meet on Feb. 2 to consider and approve an interim dividend for the current fiscal.
Adani Enterprises: The Rs 20,000-crore FPO was subscribed 1% on the first day, with 2% subscription in the retail portion and 1% in the HNI basket. Employees picked up 4% of FPO shares reserved for them.
Krsnaa Diagnostics: Company has operationalised one diagnostic center at district hospital in Kanpur, Uttar Pradesh. This is the second of the eight diagnostics centers to be established as a part of the agreement with Department of Medical, Health & Family Welfare, Government of Uttar Pradesh.
HFCL: Bags purchase orders aggregating to Rs 206.67 crores from
Reliance Projects & Property Management Services and Reliance Retail for supply of 'Optical Fiber Cables'.
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