Latest Stock Market News

While announcing the quarterly results of his flagship company Adani Enterprises, the industrialist said as a classical incubator with a vision of long-term value creation, the company will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow

Adani Ports was among the top large-cap stocks bought by mutual funds in January. However, they sold Adani Enterprises, Adani Green Energy, Adani Transmission, and Ambuja Cements, data collated by brokerage ICICIdirect showed.

Investors are often on the lookout for stocks that can offer maximum price return in a short period of time, and timing of investment is also important. >> For more such web stories click on the ET icon below

“There has been a consistent improvement in revenues. We never give guidance but if you look at revenues in FY19 versus FY22-23, you just have to look at up to Q3. Today, in the last couple of quarters, we are touching around Rs 3,600 crore each of these quarters. If you look at one year or more back, we were in the region of Rs 2,600-2,800 crore. “

Revenue from operations surged 29% to Rs 3,721 crore for the third quarter under review against Rs 2,880 crore in the corresponding quarter of last year.

Most of the oscillatory suggest a possible uptrend. Hence, short-term traders can look to buy the stock now or on dips towards Rs 977-1,075, they say. Supertrend indicators also triggered a buy in October on the weekly charts.

“India is at a macro-inflection point because there is a dollar cycle which coincides with the Indian business cycle. 2002-2011 was the weak dollar phase with the exception of the global financial crisis in 2007-2008. And then 2011 to now was basically the strong dollar phase. The whole thing goes back to the early 1970s. So there are ups and downs. ”

Thanks to much stronger than expected U.S. jobs data earlier this month, Fed policymakers, including Fed chair Jerome Powell, have reiterated a higher-for-longer mantra that market traders have been fighting for months.

The stock quoted a 52-week high price of Rs 1715.4 and a 52-week low of Rs 1128.45.

“The current market volatility is temporary; and as a classical incubator with a vision of long-term value creation, AEL will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow,” Chairman Gautam Adani said.​​