Stocks to watch on May 23, 2024: Power Grid. Adani Group stocks, Vedanta, Torrent Power, Nykaa and RattanIndia Power. Mumbai: The shares of RattanIndia Power, Power Grid.
Adani Group stocks, Vedanta, Torrent Power, Nykaa are expected to be in focus on May 23, 2204, i.e. Thursday.
Power Grid Power Grid Corporation declared its Q4 results of 2023-24 and reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore. The state-owned power company’s total income slipped to Rs 12,305.
39 crore. It was Rs 12,557.44 crore in the same period a year ago.
In 2023-24, Power Grid’s consolidated net profit increased to Rs 15,573.16 crore from Rs 15,419.74 crore a year ago.
The board recommended a final dividend of Rs 2.75 per share on the paid-up equity share capital) for 2023-24 subject. Adani Group Adani Group’s market capitalisation on May 22, 2024 regained USD 200 billion-mark (Rs 16.
9 lakh crore). The m-cap gained as the company rebuted coal invoicing allegations in regards to the supply of coal to Tamil Nadu power company. Vedanta Vedanta Ltd has sought shareholders’ nod to raise up to Rs 8,500 crore through issuance of securities.
The mining billionaire Anil Agarwal-led company in a filing on the BSE, said: “We hereby submit a copy of Postal Ballot Notice...
.seeking approval of the Members of the company in respect of..
.issuance of securities up to Rs 8,500 crore.” The e-voting for postal ballot will start at 9 am on May 23 and will end at 5 pm o.
