Market News
5 min read | Updated on January 15, 2025, 13:00 IST
SUMMARY
Shares of Adani Green Energy soared as much as 7.26% to ₹1,080 apiece on the NSE, a day after the company said that its step-down subsidiary Adani Renewable Energy Forty Eight Limited has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With the commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 11,666.1 MW.
Stock list
At 12:44 PM, the S&P BSE SENSEX was trading at 76,818.03, up 318 points, or 0.42%
At 12:44 PM, the S&P BSE SENSEX was trading at 76,818.03, up 318 points, or 0.42%, while the NSE's NIFTY50 index was trading at 23,253.10, up 77.05 points, or 0.33%.
According to Jefferies, markets regulator Securities and Exchange Board of India's (SEBI), recent measures on futures and options (F&O) trading have significantly impacted option volumes, which have dropped by 70%.
Despite the decline in volumes, BSE's premiums are down by less than 10% month-to-date in January, as traders shift towards larger average ticket sizes. Exchanges have benefited from these changes, seeing stable topline growth and substantial margin expansion due to improved premium quality.
Last seen, the stock was trading at ₹1,041.95, up 3.49% on the NSE.
Adani Group on Sunday said it would invest ₹65,000 crore in energy and cement projects in Chhattisgarh.
The figure grew 31% year-on-year (YoY) as the company had registered a net profit of ₹489.6 crore in the year-ago period.
An L1 bidder is the lowest bidder in a tender, bidding process, or procurement solicitation. The L1 bidder is selected based on the lowest cost to complete the work.
Shoppers Stop Ltd posted a rise in quarterly profit on Tuesday, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season.
Last seen, the stock was trading at ₹638.50 apiece on the NSE, up around 3%.
Vodafone Idea (Vi) has partnered with HCLSoftware to make its 4G and 5G networks more efficient, a release said on Tuesday.
The telecom operator is now using HCL Augmented Network Automation (HCL ANA), a multi-vendor self-optimising network platform, to manage its Ericsson and Samsung networks.
Shares of the PSB slipped as much as 4.5% to ₹50.36 apiece on the NSE in the early trade.
The public sector bank posted a 44% jump in its profit at ₹1,327 crore for the second quarter ended September 2024 (Q2 FY25) on account of improvement in interest income.
Last seen, the stock of the bank was trading at ₹51 on the NSE, down 3.30%.
The top-line growth in mid-sized IT firms is expected to be in the range of 4% to 10% as per consensus estimates.
"Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, the subsidiaries of Premier Energies Limited, have received and accepted multiple orders aggregating to ₹1,460 crore from 2 large Independent Power Producers (IPP) and others," the company said.
About The Author
Next Story