Stock Market Highlights, Aug 12: Sensex, Nifty end flat amid Hindenburg-led volatility; Ola up 20%

Stock Markets Highlights, Aug 12, 2024: Shares of the Adani Group fell sharply following the Hindenburg Research allegations early trade on Monday. However, Adani Group's shares showed recovery later

11:32 AM

June quarter results :: Morepen Labs reports net profit of Rs 35 cr vs Rs 15.9 cr YoY

>> Revenue up 4.5% at Rs 385.6 cr vs Rs 369 cr YoYE

>> Ebitda up 97% at Rs 48.6 cr vs Rs 24.7 cr YoY

>> Margin at 12.6% vs 6.7% YoY
 

11:22 AM

Stock Alert :: Ola crosses Rs100-mark, hits 20% upper circuit for 2nd day

11:09 AM

ALERT :: NBCC wins orders worth Rs 720 crore

>> Order 1: Construction of a new Building by Demolishing the existing building of Hyderabad Chapter of ICSI at Anand Nagar Colony, Khairatabad, Hyderabad (Rs 9.97 crore)

>> Development of two Land Parcel in Jhansi on Self-sustainable mode (Rs 710 crore)

10:54 AM

Stock Market Update :: SmallCap index turns positive, up over 0.3%

10:49 AM

June quarter results :: Voltas rallies 9%, hits record high on strong Q1

Voltas's consolidated profit after tax (PAT) jumped 160 per cent year-on-year (Y-o-Y) to Rs 335 crore, on the back of healthy operational performance. The global air conditioning and engineering services provider of the Tata Group had posted net profit of Rs 129 crore in Q1FY24. READ MORE

10:34 AM

Ola Electric shares soar for 2nd day, rises 41% over issue price; Details

Ola Electric shares rally: Shares of Bhavish Aggarwal-led Ola Electric Mobility have been marching northward despite the negative market sentiment, on the bourses on Monday.

The company's shares climbed 17.56 per cent to Rs 107.20 during early trade on Monday. Ola Electric Mobility shares have been trading higher since their listing on Friday, August 9, 2024, and have climbed 41.07 per cent so far. Read more

 

10:20 AM

Adani group stocks dip upto 17% on new allegations by Hindenburg Research

Adani Energy Solutions (down 17 per cent to Rs 915.70), Adani Total Gas (13 per cent to Rs 753), New Delhi Television (NDTV) (11 per cent to Rs 186.15), and Adani Power (11 per cent to Rs 619) fell more than 10 per cent each intraday, while Adani Ports and Special Economic Zone, Adani Enterprises, Adani Wilmar, ACC, and Ambuja Cements declined between 2 per cent and 7 per cent. READ MORE

10:11 AM

Market check: Sensex slides 450 pts

9:55 AM

Hindenburg vs Sebi chief: How to trade Adani stocks now? Levels to track

Hindenburg v/s Adani Group:After almost 17 months, after the US-based short seller Hindenburg Research had accused the Adani group of 'fraud' and 'brazen' stock price manipulation; the former has now alleged Sebi chairperson of favouritism towards the Group amid conflict of interest.

In a new report on Saturday August 10, Hindenburg questioned the delay in the Adani probe and Sebi’s objectivity in the matter, alleging Sebi chairperson Madhabi Puri Buch and her husband, Dhaval, were conflicted parties because they had invested in a fund that was allegedly used to inflate stock prices of the Adani group. Read more

9:44 AM

Zydus Lifesciences down 3% as investors book profit post Q1 earnings

9:31 AM

360 One WAM formerly IIFL Wealth Management trades in green after named in the latest Hindenburg report

9:26 AM

IIFL Securities down 2%

9:25 AM

Adani Ent down 3% post Hindenburg's latest report

9:23 AM

Sectoral trends:: Nifty Media, Metal, PSU Bank lead losses

9:21 AM

Adani Ent, Adani Ports fall up to 4% on NSE