Mon, Nov 18, 2024 9:48 AM
Stock to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties & more
A Flip by Avya Verma
Chinese equities have shown resilience amid concerns over Trump's protectionist trade policy, outperforming India and European markets, while the US market has gained 3.2% since Trump's win. Chinese stocks have fallen 3.3%, less than other emerging markets, as investors doubt Trump's 60% tariff threat on Chinese imports.
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Adani Green Energy has revived its US dollar bond offering through two of its subsidiaries, the company informed on November 18, proposing 20-year tenor of the dollar-denominated bonds. Units of Adani Green - Adani Hybrid Energy Jaisalmer and Adani Solar Energy Jaisalmer - are the co-issuers of the debt note. The group aims to use the proceeds of the bond issue note to repay foreign currency loan.
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Bharat Forge Ltd (BFL) reported a consolidated revenue of ₹3,689 Crore and an EBITDA of ₹690 Crore, with a 10.8% YoY increase in EBITDA despite a 2.3% sales decline due to European automotive market difficulties. The company secured new orders worth ₹1,207 Crore across Defence, Castings, and Forging businesses.
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