|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,390.00 - 2,477.65|
|52-week range||1,017.45 - 4,190.00|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||111.11|
|Earnings date||12 Feb 2024 - 16 Feb 2024|
|Forward dividend & yield||1.20 (0.05%)|
|Ex-dividend date||07 Jul 2023|
|1y target est||N/A|
BENGALURU (Reuters) -India's blue-chip index Nifty 50 closed at a fresh two-month high boosted by a rise in Adani group stocks, while energy companies jumped on stable crude prices. The NSE Nifty 50 index settled 0.48% higher at 19,889.70, highest since Sept. 20, 2023. Adani group stocks jumped between 2.6% and 20%, with Adani Enterprises and Adani Ports and Special Economic Zone climbing 8.90% and 5.30% to top the Nifty 50 gainers.
(Bloomberg) -- Adani Enterprises Ltd.’s quarterly profit dropped 50% as revenues from coal trading shrank, highlighting headwinds for billionaire Gautam Adani’s flagship firm after it battled a brutal short seller attack earlier this year.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaS&P 500 Set for Biggest Gain Since May Before Jobs: Markets WrapPowell Hints Fed Is Done With Hikes in Pivo
India's Adani Enterprises reported a near 50% drop in second-quarter profit on Thursday, hurt by weakness in its key coal trading division due to a fall in prices. The Adani group's flagship company posted a consolidated profit of 2.28 billion rupees ($27.40 million) for the quarter ended Sept 30, down from 4.61 billion rupees a year ago. Coal prices have fallen from the record highs hit last year and have stabilised from the volatile situation in 2022 when Western sanctions on Russia pushed up global prices.