MARKET EYE-Adani group stocks down on profit-taking

Thu Dec 20, 2012 1:12pm IST

Related Topics

Stocks

   

* Adani Group stocks fall on profit-taking after gaining
recently on expectations Narendra Modi would win a fourth
successive term as the chief minister of India's Gujarat
state. 
* Adani Group is based in Gujarat and is seen benefiting given
perceptions of Modi as a leader who is business-friendly,
dealers say.
* Adani Enterprises Ltd falls 5.9 percent ahead of its
planned sale of 23 million shares on Friday. 
* Among other Adani group stocks, Adani Ports and Special
Economic Zone Ltd is down 2.8 percent, after rising
11.6 percent in December as of Wednesday's close.
* Adani Power Ltd falls 3.9 percent after gaining 29.2
percent this month.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

India-Japan Meet

India-Japan Meet

Modi eyes breakthrough nuclear pact on Japan trip   Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage