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Promoters held 62.4 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 6.84 per cent and 0.54 per cent, respectively.

Among the gainers were Adani Electricity Mumbai Ltd.’s dollar 2031 notes, rose 0.7 cent to 72 cents as of 1:07 p.m. in Hong Kong, according to data compiled by Bloomberg. Just three of 15 Adani Group US currency notes are below the 70 cents on the dollar level that’s generally considered as being distressed. Most Adani-linked shares climbed as well on Friday

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment

The stock quoted a 52-week high price of Rs 1405.85 and a 52-week low of Rs 1037.8.

“Adani Port and Ambuja Cement ill be good to buy as long as the promoter does not get into any sort of pledge share issue. If we believe that risk is minimal, then these stocks offer value both in terms of overall absolute valuation and because of the way they have fallen and when a business is actually generating real profits, we have to value it differently than others which are on an investment spree and where there are hardly any profits.”

The IPO comprises a fresh issue of 60,49,600 equity shares and an offer for sale of 5,99,200 equity shares with a face value of 10 per share. The company intends to use the proceeds from the IPO primarily for acquisitions of companies in similar/complementary areas and working capital for expanding the business

As Managing Director and representative of the Promoter Group of Pricol Limited, I would like to reiterate that the Promoter group stands absolutely committed to the company and its future prospects,” Vikram Mohan, Managing Director of Pricol said.

A total of 5,565 shares changed hands on the counter till 11:23AM (IST)

The brokerage estimates high single digit volume along with 200 bps operating margin expansion in next two years.

"As the Tatas are coming in with such a large order and full backing for Air India, there is going to be a significant competition for IndiGo, that is InterGlobe. SpiceJet, of course, is already in a different zone altogether. So it is better to stay away. InterGlobe already has other issues of continuous pressure on the counter due to sale by one of the promoters and that is going to continue for next four-five years."