Top gainer: JSW Steel 1,043 ▲ 15 (+1.5%)
Top loser: BPCL 351 ▼ 16 (-4.4%)
Adani Ports September cargo volume up 14% YoY; H1 volumes grow 8.5% YoY
Adani Ports and Special Economic Zone (ASPEZ)’s shares were trading lower by 0.5% at ₹1,459 per share after the company announced a 14% year-on-year (YoY) rise in the amount of cargo handled for September. The company’s total amount of cargo handled in September stood at 37.5 million metric tons (MMT).The company reported that the rise in cargo volumes was propelled by containers which grew by 31% YoY. Liquids and gases also witnessed growth as they rose 11% YoY. Read more
Dabur India shares dive nearly 8% after weak Q2 business update
Shares of FMCG firm Dabur India Ltd. on Thursday slumped nearly 8 percent after the company said its profitability in the second quarter will be impacted due to low primary sales with heavy rain and floods in parts of India affecting out-of-home consumption and consumer offtake despite demand trends saw some improvement. The stock tanked 7.69 percent to ₹571.25 on the BSE. At the NSE, it declined 7.75 percent to ₹571. Read more
Adani Enterprises to raise around $1.3 billion via QIP, says report
Adani Group’s flagship company, Adani Enterprises, is looking to raise about $1.3 billion through qualified institutional placement (QIP) and is expected to start the process as early as the week starting October 7, Bloomberg reported, citing sources. The terms of the sale may have a greenshoe option, which will be firmed up by the board likely by the end of this week, one of the people said. There’s strong interest from many domestic institutional investors in the equity issue, the report added. Read more