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Brokerage firm IIFL Securities recently initiated the coverage on this PSU with a price target of Rs 2,174, indicating an upside of over 35% from the current market price
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Adani group’s market capitalization tanked by Rs 94,000 crore taking it out of market cap $100 billion market-cap club. Group's market cap added up to Rs 6.90 lakh compared Rs 7.84 lakh crore on April 6.
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Fitch Ratings has said the second wave of infections poses increased risks for India’s fragile economic recovery and its banks
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DLF Ltd has lost 17.06% over last one month compared to 11.6% fall in S&P BSE Realty Index index and 5.09% drop in the SENSEX
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The repayment of debt will result in significant savings in the finance cost.
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The 30-share BSE index traded 1,427 points lower at 48,164.32, while the broader NSE Nifty plunged 432 points to 14,402.95
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The scrip traded 6.25% higher at Rs 782.50 at around 10 am (IST). On the other hand, the benchmark BSE Sensex was down 1,175 points, or 2.37%, at 48,415 at around the same time.
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The benchmark BSE Sensex traded 1,155 points, or 2.33%, down at 48,436.
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Bloodbath in the broader market was even worse as BSE MidCap and BSE SmallCap indices tumbling 4.79% and 4.17%, respectively.
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On the macro front, the Industrial Production and Manufacturing Production data for February will be released today, 12 April 2021.