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Adani Power shares up 0.64% as Nifty drops

Updated at : 2023-05-31 15:45:02

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A total of 484,209 shares changed hands on the counter till 02:09PM (IST).

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Promoters held 45.95 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 28.92 per cent and 10.34 per cent, respectively.

​If you ask me, the numbers, the revenue in this year has been to the tune of Rs. 3540 crore, which is all-time high in the history of IRCTC, whereas we had given a revenue of Rs. 1878 crores in the previous year.

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BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

It also said its core profit (EBITDA) increased in January-March to 672 billion roubles, up 25.1% from the previous three months, while revenue edged down 1.1% to 1.823 trillion roubles.

Nifty FMCG index hit a record high at Rs 51,029 on Tuesday on the back of index heavyweight ITC.

Indian stock market indices, S&P BSE Sensex and Nifty50, fell by over 500 and 150 points, respectively, amid profit booking across sectors with bank and financial services stocks being the worst hit. Lacklustre action in the global market, weak factory activity data from China, profit booking, technical factors, and MSCI rebalancing were among the factors driving the stock market lower.

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Deloitte Haskins & Sells LLP raised concerns on Tuesday over the port unit’s transactions with three entities, which the company said were unrelated parties. But the auditor said it could not confirm that the parties were indeed unrelated, and that the firm has refused to get an independent external examination that would help prove so.

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A total of 5,441 shares changed hands on the counter till 12:56PM (IST)

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As of 31-Mar-2023, promoters held 23.5 per cent stake in the company, while FIIs held 49.78 per cent and domestic institutional investors had 6.04 per cent.

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