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Rajiv Sharma

Avenue Supermarts profits up 6% in Q3, but D-Mart shares drop 9% due to this reason

Avenue Supermarts profits up 6% in Q3, but D-Mart shares drop 9% due to this reason

Avenue Supermarts, the parent company of the popular hypermarket chain D-Mart, has recently experienced significant selling pressure in its share price. Today, the shares plummeted by over 9%, marking the largest single-day decline since January 2019. While there has been some buying interest at these lower levels, the stock remains under substantial pressure, raising concerns ...

Rajiv Sharma

Adani Enterprises to sell chocolate, makes big deal for 74% stake in Cococart Ventures

Adani Enterprises to sell chocolate, makes big deal for 74% stake in Cococart Ventures

Introduction The Adani Group, a conglomerate widely recognized for its diverse business ventures, is making a notable entry into the chocolate industry. This strategic move is spearheaded by Adani Enterprises, its flagship company, through a step-down subsidiary involved in airport operations. The acquisition of the overseas chocolate retailer, CocoaCart, by the joint venture, April Moon ...