Mumbai: Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government’s increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday. Analysts believe the favourable government policies … Read more
Shares of Adani group firms Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 12% in Friday’s trade on BSE amid reports that Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that … Read more
Shares of billionaire Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) fell nearly 4% to Rs 771 in Monday’s trade on BSE after the auditing firm Deloitte resigned as its auditor. Deloitte’s resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg but the company … Read more
MUMBAI – Fitch Ratings on Friday affirmed its “BBB-” rating on Adani Green Energy Restricted Group 2’s $362.5 million senior secured notes, and retained a “stable” outlook. The credit assessment is supported by the company’s solar portfolio and credit metrics. “The restricted group’s financial profile with debt-service coverage ratio (DSCR) of 1.44 times is stronger … Read more
MUMBAI – The BSE has increased circuit limits for 4 Adani group stocks, paving way for higher participation in the counters. For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been revised to 10% from 5%. The biggest boost is for Adani Power as the circuit limit has been increased to … Read more
Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more
Adani Enterprises was the best performer on the Nifty50 in the week ended Friday, May 26 gaining over 30% during the five trading sessions. It was on the back of 61 block deals which fetched Rs 1,021 crore for the Ahmedabad-based company which has business interests in mining, solar manufacturing and water management among others. … Read more
Adani Enterprises and Adani Transmission today announced that they would raise funds totalling Rs 21,000 crore through the qualified institutional placement (QIP) route. While Adani Enterprises said it will raise Rs 12,500 crore, Adani Transmission would raise Rs 8,500 crore. The fund raising exercise would be conducted by way of issuance of shares and/or other … Read more
Index aggregator MSCI Inc has rejigged the Global Smallcap index as part of its review, which will see 14 Indian stocks enter the index, and nine exit, effective May 31. Action Construction Equipment, Anupam Rasayan, Bikaji Foods, Fusion Micro Finance, IRCON International, Kaynes Technologies, KFin Technologies, Maharashtra Seamless, NMDC Steel, Power Mech Projects, Rail Vikas … Read more
“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more