Action can be seen in some stocks in the stock market today. The reason is that big news has come out about the business activities of their companies. Yesterday the stock market was like a nightmare for investors. Both Sensex and Nifty closed down with great decline. The market has been under constant pressure for the last few days.
Adani Enterprises
Shares of major companies of Adani Group may remain in focus today. In particular, action can be seen in Adani Enterprises. In fact, the US President has temporarily suspended the 1977 Foreign Corrupt Conduct Act (FCPA). The promoter of the Adani group was accused of violating it. Due to this, most of the shares of the group gained momentum yesterday.
Vedanta
This company of billionaire businessman Anil Aggarwal gave great information after the market closed yesterday. The company said that its plan to raise Rs 3000 crore has been approved. This amount will be raised through non-reviewable debentures. On Tuesday, Vedanta’s stock closed over three percent to close at Rs 421.30.
IRCTC
The quarterly results of this railway company have come. In the October-December quarter of FY 2024-25, the company’s profit has increased from Rs 300 crore to Rs 341 crore. Similarly, income also increased to Rs 1,225 crore. IRCTC has announced a dividend of Rs 3 per share to its investors. The company’s shares closed at Rs 750.10 yesterday.
Koltte-Patil Developers
This real estate company has come into profit from losses. The company has made a profit of Rs 25 crore in the December quarter and income has increased to Rs 349.7 crore. The company’s shares fell 2.40% to close at Rs 286.65 on Tuesday. However, it has given a return of 1.29% in the last 5 sessions.
Maruti Suzuki
The country’s largest automobile company Maruti Suzuki said in the exchange filing yesterday that Suzuki Motor will merge with Gujarat from 1 April 2025. Maruti’s stock closed at Rs 12,708.30 on Tuesday at Rs 12,708.30 on Tuesday.