Deloitte may step down as auditor of Adani Ports & SEZ ahead of term

Deloitte may step down as auditor of Adani Ports & SEZ ahead of term

Mumbai: Deloitte Haskins & Sells LLP is set to resign as auditor for Adani Ports & SEZ in the next few days just a year after its reappointment amid differences with the company management over the auditor’s position on certain transactions, said multiple people aware of the development. According to one of the persons, a … Read more

Adani Ports can rally 23% on strong September results, says Nomura

Adani Ports can rally 23% on strong September results, says Nomura

Stating strong September quarter results, global brokerage Nomura maintained its buy rating on with a target price of Rs 1,025, implying an upside potential of 23% from the current market price of Rs 832. Adani Ports delivered strong topline sales growth at 33% year-on-year (YoY) at Rs 5,210 crore, which was 8%/13% higher than Nomura/consensus … Read more