RBI will announce its interest rate decision today.
Strong performance likely over the year-ago quarter
After this prepayment, the stake pledged come down to 5.31% in Adani Ports from 17.31% in December 2022.
The Knight Frank Affordability index of the home buyers has worsened marginally by average 1.4% in this rate cycle and hence remains supportive of demand.
Company’s stock price rises sharply after announcement of December quarter results.
Even as the street is factoring in a rate hike of 25 basis points, experts believe the stance could change from “withdrawal of accommodation" to “neutral”.
The company has also tie up with LanzaTech for converting waste gas to ethanol.
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