Deepak Korgaonkar

All stories by Deepak Korgaonkar

With Rs 4.2 trn m-cap, Adani Green is now India's 10th most valued firm

With Rs 4.2 trn m-cap, Adani Green is now India's 10th most valued firm

Rediff.com12 Apr 2022

Adani Green Energy entered the list of top-10 most valued companies in terms of market capitalisation (m-cap) in the country on Monday after its stock price zoomed 16.3 per cent to hit a new high of Rs 2,701.6 on the BSE. Adani Green Energy's m-cap now stands at Rs 4.22 trillion, surpassing Bharti Airtel, which has an m-cap of Rs 4.16 trillion. With today's rally, the stock has zoomed about 25 per cent in the last two trading days after UAE's International Holding Company (IHC) agreed to invest Rs 3,850 crore in Adani Green Energy through preferential issue.

Rakesh Jhunjunwala's holding in Nazara past Rs 1,000 cr

Rakesh Jhunjunwala's holding in Nazara past Rs 1,000 cr

Rediff.com18 Oct 2021

Rakesh Jhunjhunwala's holding value in Nazara Technologies crossed the Rs 1,000-crore mark. In the past one month, the market price of Nazara, a diversified gaming and sports media platform, has zoomed 78 per cent. In comparison, the Sensex was up 3 per cent during the same period.

HCL Tech becomes 4th IT firm to hit Rs 3 trillion in m-cap

HCL Tech becomes 4th IT firm to hit Rs 3 trillion in m-cap

Rediff.com14 Aug 2021

Shares of HCL Tech hit a fresh record high of Rs 1,118.55 on Friday, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on Thursday in intra-day deals.

Shares of four Adani Group companies locked in 5% upper circuit

Shares of four Adani Group companies locked in 5% upper circuit

Rediff.com22 Jun 2021

Shares of Adani Group companies were in focus during Monday's session, with four of the six listed stocks being locked in the upper circuit of 5 per cent, bouncing back up to 11 per cent from their respective intra-day lows on the BSE. Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE. Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises rallied over 7 per cent and 6 per cent, respectively, in intra-day trade. In comparison, the Sensex rose 0.44 per cent to 52,574.46 on Monday. Last week, all Adani group stocks had come under pressure after a media report suggested that the National Securities Depository (NSDL) had frozen accounts of three foreign funds that own stake in four of Adani Group companies.

Sell rating on Jhunjhunwala-backed Nazara sees stock tank

Sell rating on Jhunjhunwala-backed Nazara sees stock tank

Rediff.com19 Jun 2021

Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.

IRCTC enters top-100 m-cap league

IRCTC enters top-100 m-cap league

Rediff.com26 Feb 2020

With an m-cap of Rs 31,744 crore, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.

Stocks witness worst setback in 7 years

Stocks witness worst setback in 7 years

Rediff.com26 Dec 2018

'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'

100 stocks down 50% from 1-year highs

100 stocks down 50% from 1-year highs

Rediff.com8 Sep 2015

Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.

FIIs, promoters pare stake in Infosys in Dec quarter

FIIs, promoters pare stake in Infosys in Dec quarter

Rediff.com9 Jan 2015

The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets

Every second stock has doubled in past 15 months

Every second stock has doubled in past 15 months

Rediff.com25 Nov 2014

Rise in investor sentiment, return of risk appetite aid shares across the board

FIIs remain bullish on Infosys

FIIs remain bullish on Infosys

Rediff.com17 Oct 2014

Foreign institutional investors (FIIs)' stake in Infosys is nearing historic highs. During the quarter ended September, they bought 6.38 million Infosys shares for Rs 2,236 crore, raising their stake 1.1 per cent, data show.

Rs 1-lakh-cr market-cap club now has 18 firms

Rs 1-lakh-cr market-cap club now has 18 firms

Rediff.com23 Aug 2014

In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.

FIIs shop but won't drop

FIIs shop but won't drop

Rediff.com3 Jul 2014

Inflows cross $10-billion mark for 3rd consecutive year.

Small-caps taste the big time in Modi-driven rally

Small-caps taste the big time in Modi-driven rally

Rediff.com23 May 2014

Beat gains made by mid-cap, broader indices.

FII inflows cross Rs 1-lakh-cr mark

FII inflows cross Rs 1-lakh-cr mark

Rediff.com7 Dec 2013

A delay in US Federal Reserve's quantitative easing tapering, coupled with better-than-expected September quarter earnings, ensured FIIs kept foreign money flowing into Indian equities.