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Showing posts from August, 2024

"Market Reacts to Hindenburg's New Report: Adani Group Shares Drop as Sensex and Nifty Fall"

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  "Market Reacts to Hindenburg's New Report : Adani Group Shares Drop as Sensex and Nifty Fall" The release of Hindenburg's new report has caused a noticeable stir in the Indian stock market. On Monday morning, the market began trading in the red. The Sensex, which tracks 30 major companies on the Bombay Stock Exchange, opened at 79,330, down by 375 points. Similarly, the Nifty index on the National Stock Exchange fell by 47 points to 24,320.   Shares of the Adani Group were particularly affected. Adani Enterprises' stock dropped by over 5 percent shortly after the market opened. However, as trading continued, the decline eased a bit. By 10:35 am, Adani Enterprises' shares had fallen by 2.49% and were trading at Rs 3,107.80.   This reaction underscores the significant impact such reports can have on investor sentiment and stock prices, especially given the renewed scrutiny of the Adani Group.   Hindenburg's new  report  

"Vinesh Phogat's Appeal Decision at CAS Expected Today: Silver Medal Request and Disqualification Challenge"

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  "Vinesh Phogat's Appeal Decision at CAS Expected Today: Silver Medal Request and Disqualification Challenge"   In a significant development regarding Vinesh Phogat’s case, the Court of Arbitration for Sport (CAS) will announce its decision on her appeal against disqualification from the Paris 2024 Olympics today. Phogat has also requested a joint silver medal after being found overweight following her semifinal victory.   The CAS has completed the hearings for the case, and the final decision is expected to be announced before the conclusion of the Paris Olympics. The arbitration court will deliver its final verdict today at 6 PM Paris time (9:30 PM IST). Senior lawyer Harish Salve has agreed to represent Phogat and provide top-level legal support.   We will update you with the latest news as soon as the decision is announced.

"Vinesh Phogat's Historic Victory at Paris Olympics Marred by Disqualification and Health Setback"

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  "Vinesh Phogat's Historic Victory at Paris Olympics Marred by Disqualification and Health Setback"   Vinesh Phogat , the Indian professional wrestler, made history on August 6, 2024, with a stunning victory over defending Olympic and World Champion Yui Susaki at the Paris Olympics. Phogat's win in the women's 50kg freestyle category was a testament to her skill and determination, especially after a challenging year marked by Wrestling Federation protests in 2023.   However, her triumphant moment was overshadowed by a setback. After a disqualification for being 100 grams overweight during the weigh-in, Vineesh Phogat fainted due to dehydration and was hospitalized in Paris. This unfortunate turn of events came just as she prepared for the final, following her impressive performance in the earlier rounds.   Vineesh Phogat’s emotional win and subsequent struggles highlight the highs and lows of competitive sports. Despite the setback, her achievements...

Zomato Stock Soars 19% to New High on Record Q1 PAT; CLSA Boosts Target Price to ₹350

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  Zomato Stock Soars 19% to New High on Record Q1 PAT; CLSA Boosts Target Price to ₹350                                             A fter reporting a substantial increase in profit after tax (PAT) for the June quarter, Zomato's shares jumped 19% to a record high of ₹279 on Friday. This impressive performance led brokerages like CLSA to raise their target price to ₹350.   The company achieved a PAT of ₹253 crore, a significant leap from the ₹2 crore recorded in the same period last year.   During this quarter, revenue from operations surged by 74% to ₹4,206 crore. Zomato’s consistent over-delivery on revenue growth has once again caught the attention of analysts, prompting them to revise their target prices for the stock. They are now predicting a potential increase of up to 49.5% in Zomato’s share price over the next year. Analysts believe that Zoma...