Analysts suggest that the interim budget, the decision on US Federal policy, and quarterly earnings will serve as significant catalysts for stock markets this week.
Adani Power reported a significant boost in net profit to ₹2,738 crore in Q3 FY24, driven by increased revenues and higher sales volumes. The company s consolidated revenue from operations witnessed a robust 67.32% YoY growth.
The survey will be crucial in deciding who among the residents of the Dharavi slum will be eligible to receive a free home in the area that is being redeveloped.
Shares of Adani Enterprises Ltd, the flagship company of Adani Group surged as much as 6 per cent to Rs 3063.90 on Monday, with a total market capitalization close to Rs 3.5 lakh crore.
Adani Power has signed a deal to sell its two subsidiaries, Aviceda Infra Park and Innovant Buildwell, to AdaniConnex for Rs 540 crore. The subsidiaries will no longer be wholly-owned by Adani Power after the sale. The transaction is expected to be completed by March 31, 2024.