Adani Enterprises Limited FPO will open on 27th Jan 2023

The Markets Today in a nutshell

• Domestic stock market ended on a negative note.
• Global cues were negative after disappointing US data renewed worries about a recession in the worlds biggest economy. US stocks dropped sharply on Wednesday, their biggest daily drops in more than a month, after weak economic data fueled recession worries while hawkish comments from Federal Reserve officials soured investor moods further.

Capital Flows

News you could use

? HUL reported 12 percent growth in net profits; Beats street estimates
The FMCG major reported 12% rise in standalone net profit to Rs 2,505 crore on a 16% increase in turnover to Rs 14,986 crore in Q3 FY23 over Q3 FY22. It delivered underlying volume growth of 5%. Growth was significantly ahead of the market with more than 75% of the business winning value and volume market shares.

? Asian Paints slipped 2.64 percent 
The paint majors consolidated net profit rose 5.61% to Rs 1,072.67 crore on 1.72% increase in revenue from operations to Rs 8,607.50 crore in Q3 FY23 over Q3 FY22.

? Adani Enterprises Limited FPO will open on 27th Jan 2023
The company said it will offer Rs 20,000 crore worth of shares in a price band of Rs 3,112 to Rs 3,276 each through a follow-on public offer (FPO). The FPO is slated to open on 27 January 2023 and close on 31 January 2023. The floor price is at a discount of 13.44% to Wednesdays Rs 3,595.35 closing price of the stock on BSE

News from the IPO world?

• Rashi Periphjerals files papers for Rs. 750 crore IPO
• TATA Tech starts work on IPO to raise Rs. 4,000 crore
• Adani Enterprises to launch Rs. 20,000 crore FPO

Numbers? that matter