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GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 159774.92 Crore) operating in Gas & Petroleum sector.

Adani Ports reported a 47.2% rise in consolidated profit for the June quarter, totaling Rs 3,113 crore. Revenue saw an 11.34% increase to Rs 6,956.32 crore. EBITDA grew by 13.1%, with margins improving to 61%. CEO Ashwani Gupta commented on the strong financial performance, noting a temporary issue at Gangavaram Port, now resolved.

​So, those states will be benefited, but there will be some segments where the total input tax credit is not available, so there maybe the tax rate will be very critical to see at what rate GST will be applied on the gas.

The stock quoted a 52-week high price of Rs 5900.0 and a 52-week low of Rs 1672.0.

The report further revealed that Adani Energy raised Rs 50,000 crore through the issue. More than 125 institutional investors participated in the fundraising of Adani Energy. The company has reported a consolidated net loss of Rs 824 crore for the quarter ended June 30, 2024, as against Rs 175 crore net profit in the year-ago period.

Non-institutional investors subscribed 22.8 times, followed by retail investors, whose category was booked 13.8 times. The part reserved for QIB investors was booked the least at 2.4 times.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

Tata Steel shares rose 2% on Thursday, reaching Rs 168.80 on the BSE, following a report of a consolidated PAT of Rs 960 crore for the June quarter. However, revenue declined 8% year-on-year to Rs 54,771 crore. The board approved a scheme of amalgamation with Rujuvalika Investments and their respective shareholders.

The Nifty Realty index was trading 1.1 per cent down at 1081.7.

Nifty jumped 1,000 points from 24,000 to 25,000 in just 24 sessions. In contrast, the last 10,000 points took 863 sessions.