India‘s Adani Group is “well positioned” to capitalize on opportunities in the country’s booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday. The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India’s infrastructure spending that is expected to grow at a…
Adani Power, a part of the Adani Group companies, has rallied over 200% in a year and picked up momentum in the run-up to the Lok Sabha election outcome in anticipation of continuity of reforms. “If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,” Jefferies said…
Shares of Cochin Shipyard Ltd surged 4% and hit a 52-week high of Rs 2,100 on 3 June after the company’s subsidiary announced securing an order in the range of Rs 100 and Rs 250 crore. An order has been placed with Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited (CSL),…