SEBI has said a nexus operated to pump up share prices of two broadcast companies via ‘misleading’ YouTube videos. Shares were then offloaded for profits at expense of investors.
Shares of Adani Green Energy, Adani Total Gas, Adani Power were down 5%, while Adani Transmission rose 3.5%, Adani Enterprises was also up by 9.5% & Adani Wilmar gained 5%.
The rebound comes after the recent selloff in Adani group stocks, which has caused a rout of over $100 billion in market capitalisation after Hindenburg's report on 24 January.
Risk assets rallied on Friday amid speculation that China was set to relax the restrictions, but it reiterated adherence to a “dynamic-clearing” approach to Covid over the weekend.
The reassuring part of recent stock market history is that it's rare for it to stay down for 2 yrs in a row. Though one must remember that past is no guide to future performance.
Market participants are watching Tata Consultancy Services for signals on the demand outlook for the sector, which is staring at the possibility of a recession in the US and Europe.
Adverse effects of inflation and rate hikes are temporary and they fade away as the economic cycle turns whereas the positive effects result in permanent benefits, writes Aniruddha Kalley.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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