Fri, Nov 8, 2024 12:54 PM
Brokerages retain bullishness on Trent despite Q2 earnings miss
A Flip by Shubhangi Gupta
Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh’s grid operator and two sources familiar with the move. Adani Power, which exports power to Dhaka from its dedicated 1,600 megawatt (MW) Godda plant in eastern India’s Jharkhand state, had reduced supply this month to 700 MW-750 MW.
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US ETFs investing in Bitcoin posted a record daily net inflow of $1.38 bn, bolstered by President-elect Donald Trump’s embrace of the digital-asset industry and promise of supportive regulations. BlackRock Inc.’s iShares Bitcoin Trust accounted for about 81% of Thursday’s deluge, which came a day after the ETF’s trading volume jumped to an all-time peak, according to data compiled by Bloomberg.
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Gujarat Gas reported weak sales with a 6.1% YoY and 20.3% QoQ volume decline, leading to a 4% QoQ decline in EBITDA to Rs5.1bn. Despite this, EBITDA/scm improved 19.1% QoQ to Rs6.4. The company cut volume growth guidance to 5-7% YoY, but raised EBITDA/scm guidance to Rs5-6, leading to a "Hold" rating with a target price of Rs565.
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