Wed, Feb 14, 2024 10:13 AM
Nuvama Wealth net profit doubles to ₹178 crore in Q3
A Flip by Shubhangi Gupta
Shares of Adani Enterprises Ltd fell as much as 3.4% on Thursday, November 7, after the company cut its capital expenditure guidance for financial year 2025. As per the transcript of its post earnings call for the September quarter, the management now expects full-year capex to be around ₹67,000 crore, down from the ₹80,000 crore it had guided for at the start of financial year.
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Donald Trump’s election victory is seen changing the course of near-term money flows for three of Asia’s largest equity markets as tariff risks loom large over Chinese assets. Market watchers see the possibility of funds flowing into India and Japan while investors assess Trump’s anti-China stance, with president-elect earlier having threatened to put tariffs of as much as 60% on Chinese goods.
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Wockhardt's shares dropped 5% after the company announced a qualified institutional placement (QIP) at a floor price of Rs 1,162.25, an 8.5% discount from Wednesday's closing price. The company may offer an additional discount of up to 5% on the floor price. Despite the recent decline, Wockhardt's shares have risen by approximately 25.5% in the past year and 8.
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