Mumbai: Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalisation and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding.
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IPO-bound Ola Electric has reported consolidated revenue of Rs 2,782 crore up nearly 510 percent in the financial year ended March 2023 (FY23) even as its net loss widened to Rs 1,472 crore on the back of an increase in its expenses, showed the company’s auditor signed financial statements shared with bankers and investors. Moneycontrol has seen the copy of the financial statements.
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Mumbai: Delivery-based volumes in various large-cap stocks have spiked of late in the wake of the resurgence in foreign fund inflows and the Bharatiya Janata Party's strong performance in the recent state elections. A surge in such volumes is an indication of higher interest among serious buyers.In the past three trading sessions, an average of ₹18,000 crore worth of 50 stocks.
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