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Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
Netweb Technologies' income from AI Systems has grown by about 2.6 times on a year-over-year basis and is now over 11 percent of operating income.
Eighty per cent, or 60 of the 75 companies that made their debut on the mainboard this financial year, ended their listing day with gains.
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India.