Adani Wilmar shares will be in the spotlight on Tuesday as Adani Enterprises (AEL) is set to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL plans to redirect the funds toward its core infrastructure platforms, including energy, utilities, transport, and logistics. Singapore-based Wilmar is seeking strategic investors to replace … Read more
MUMBAI – Stocks in the infrastructure space were mixed, with most of them largely unmoved as the announcements in the interim Budget for FY25 were largely on expected lines. For 2024-25 (April-March), the government has increased the total capital outlay by 11% to Rs 11.1 lakh crore, which was largely expected. This is likely to … Read more
Exchanges BSE and NSE imposed penalty on Adani group’s flagship entity Adani Enterprises for non-compliance of Sebi listing rules relating to appointment of directorship. Both the exchanges have levied a fine of Rs 28,000 each. Sebi rules state that no listed entity shall appoint a person or continue the directorship as a non-executive director who … Read more
MUMBAI: Shares of Adani Enterprises have been placed under the short-term additional surveillance framework by stock exchanges with effect from Thursday. Stocks are moved into the short-term or long-term additional surveillance framework by exchanges in order to warn investors of unusual movement in share prices. The stock exchanges place trading restrictions to curb volatility and … Read more
dani Transmission and Adani Total Gas have been moved to the stage-II of long-term additional surveillance framework by the National Stock Exchange from stage-I. The move will be effective from Monday, read a circular of the exchange. Earlier this week, the exchange had moved Adani Green Energy and New Delhi Television to the stage-II surveillance … Read more
NEW DELHI: Star NRI investor Rajiv Jain-owned GQG Partners’ Rs 15,446 crore bold bet on troubled Adani stocks has yielded him a smart return of 20% or over Rs 3,100 crore in a span of just two days. The market value of Jain’s investment in 4 Adani stocks – Adani Enterprises, Adani Ports and Special … Read more
The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.The combined market value of the 10 listed companies in the group has slumped by $146 billion, or about 60%, since the US-based … Read more
reported a consolidated net profit of Rs 820 crore for the quarter ended December, against a net loss of Rs 11.63 crore a year ago. Revenue from operations rose nearly 42% on year to Rs 26,612.23 crore. Consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), doubled on year to Rs … Read more
NEW DELHI: Adani bulls who were trying to catch the falling knife by buying dips have been left bleeding hard. In the last seven trading sessions since the release of the Hindenburg report, Adani stocks have cumulatively lost around Rs 9.10 lakh crore or nearly half of their market value. Most Adani stocks have been … Read more
There were about 22 companies on the BSE 500 list where promoters reduced their percentage of share pledging in the September quarter as compared to the June quarter. ET Markets found 15 stocks have given positive share price return so far in FY23 and among them, six stocks have gained anywhere between 35 and 100% … Read more