Stock indices settled substantially lower Thursday, with foreign portfolio investors (FPIs) continuing to offload their assets in India lately, coupled with lower-than-expected July-September earnings of India Inc.
Earnings momentum continues for Adani Ports and SEZ, with the Adani Group company registering Profit After Tax or net profit at Rs 5,520 crore in the first half of 2024-25. The net profits were up 42 per cent year-on-year.
Bharti Airtel MD Gopal Vittal on Monday batted for another industry-wide tariff hike, arguing that returns on capital employed (ROCE) continue to lag in India.
Adani Power's consolidated power sale volume was at 46 billion units in the first half of 2024-25, up by 29.2 per cent from 35.6 billion units in the year-ago period.
Adani Group company Ambuja Cements delivered a steady performance in the July-September quarter of 2024-25 with a volume growth of 9 per cent, at 14.2 million tonne. It was the highest in terms of volume in Q2 series in the past five years.
After the Indian stock markets extended their loss for the fourth consecutive week, dropping over 2.5 per cent, the two primery concerns, the foreign institutional investors (FIIs) selling and weak earnings are expected to continue influencing sentiment into the coming week, as per the marke
Adani Group company Adani Green Energy on Tuesday reported that its cash profit during the July-September quarter rose 21 per cent to Rs 1,249 crore. In the same quarter last year, it was Rs 1,030 crore.
Adani Group company Adani Energy Solutions Limited on Tuesday reported that its net profit or Profit After Tax during the July-September quarter rose 172.2 per cent to Rs 773 crore. In the same quarter of last fiscal, it was at Rs 284 crore.
The investors will focus on the upcoming quarterly earnings of the companies and US economic data for direction, in the absence of any major triggers in the stock market starting from Monday, as per the experts.