Dev Chandak - Stock Market Expert Financial Advisor

Start investing with small as rs100.
https://angel-one.onelink.me/Wjgr/bcmt8pfi
open your demat account today.

Retail participation has also fallen in the mutual funds' segment. Reports say mutual funds' collection through new fund offerings (NFOs) was 38 percent lower at Rs 62,000 crore in 2022 as compared to 2021. This is despite the fact that a total of 228 new schemes were launched in 2022 as against only 140 in 2021.

The Nifty IT index has been soaring over the past three trading sessions. It gained 1 percent on February 14, about 1.13 percent on February 15 and 1.71 percent on February 16, with all stocks fuelling the benchmark index higher.

EBIDTA (earnings before interest, taxes, depreciation and amortization) doubled year-on-year to Rs 1,968 crore. Margin improved to 6.1 percent from 4.1 percent YoY.

The group's access to funding from international markets can be curtailed "because of heightened risk perception", Moody's said, adding that in such a case, domestic banks may become the main source of funding, "resulting in increases in banks' exposures to Adani and greater risks for them".

However, operating performance took a hit as depreciation expenses and other income increased in the quarter, the renewables arm of the embattled Adani Group conglomerate said. EBITDA (earnings before interest, taxes, depreciation and amortization) fell 18.2 percent YoY to Rs 853 crore. EBITDA margin contracted to 43.2 percent from 74.5 percent in the year-ago period.

The Adani Transmission stock was locked in 10 percent lower circuit for third consecutive session on Monday, falling 54 percent in last 10 trading sessions, especially since after US-based short seller Hindenburg Research accused the Adani Group of stock manipulation and accounting fraud scheme.