Thu, Nov 7, 2024 9:05 AM
Power Grid shares in focus after reporting muted Q2 results
A Flip by Shubhangi Gupta
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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Shares of Adani Energy Solutions on Thursday fell up to 9% to Rs 978 on BSE after global index services provider MSCI failed to include the stock in MSCI Global Standard Index citing an earlier show cause notice from Sebi in the wake of allegations made by Hindenburg. The Street was expecting Adani Energy to get included in the global index as part of its periodic rejig.
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