Adani Enterprises increases QIP size to Rs 15,000 crore, draws bumper 3.8x bids

Adani Enterprises successfully upsized its qualified institutional placement to Rs 15,000 crore, attracting bids worth Rs 38,000 crore due to strong investor demand. The funds will fuel capital expenditure for new projects like a PVC plant and road development, alongside accelerating growth in incubation businesses and potentially reducing debt. This significant share sale highlights robust…

Smart investing: 11 stocks that retail investors bought for 3 quarters delivered up to 380% returns

Smart investing paid off for many retail investors who consistently increased their stake in 11 select stocks over three quarters. These companies, spanning diverse sectors like energy, engineering, and technology, delivered impressive returns, with some soaring over 380%. This trend highlights a strategic approach by individual investors, moving beyond mere momentum chasing to achieve significant…

MCX India among 4 stocks closing below VWAP

On July 2, four Nifty500 stocks closed more than 1% below their VWAP levels, signalling rising bearish pressure. A close below the VWAP indicates the stocks ended the session below their volume-weighted average price, reflecting increased selling interest and weakening intraday sentiment, according to StockEdge technical scan data.