Adani Ports to replace Wipro in Sensex from June 24; Trent to enter Sensex 50
Adani Ports will become the first stock from the 10-listed entities of Adani Group to enter the 30-pack Sensex.
Adani Ports will become the first stock from the 10-listed entities of Adani Group to enter the 30-pack Sensex.
The Tata Group company reported a multifold increase in consolidated net profit to ₹712 crore in the March quarter of FY24 as compared to ₹370.64 crore in the same period of FY23.
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
The decline in gross margin can be attributed to the increased revenue share from Zudio, says ICICI Securities.
The stock currently trades 16% lower than its 52-week high of ₹1,571, while it has risen 35% against its 52-week low of ₹983.70.
Shares of Voltas rose as much as 4.25% to touch an intraday high of ₹1,325, while Trent rallied 8.5% to hit a 52-week high of ₹1,274.1 on the BSE.
This Tata group retail firm has generated 435% returns in the last five years, surging from ₹214 on January 12, 2017, to ₹1,168 per share in intraday trade today