Bharti Airtel stock plunges 5%
2 years, 5 months ago

Bharti Airtel stock plunges 5%

The Hindu  

Bharti Airtel shares plunged 5.03% to ₹660.30 on the BSE while Vodafone Idea gained 3.44% to ₹8.72. The Adani Group had clarified that it would not enter the consumer mobility space, but that its bid for 5G spectrum auction would be to provide private network solutions along with enhanced cybersecurity in the airport, ports & logistics, power generation, transmission, distribution and various manufacturing operations. “In my view, when Adani bids for 5G airwaves, it would be aimed at captive use primarily and it will be aimed at strengthening the group’s need of communication,” said Deven Choksey, MD, KRChoksey Shares & Securities Private Ltd said. “They won’t be interested in entering into public telecom business.” “The best synergy as one could think of, 5G could supplement their data centre business to begin with. Data centre business with cloud computing, AI, VR and MR offerings could act as a driver for offering services to their own group business apart from connecting the group’s customers, suppliers and other service providers on the captive network,” he added.

Business Group Adani  stock  5g  business  spectrum  group  services  bharti  shares  network  plunges  airtel  captive  adani  groups

History of this topic

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson
3 weeks ago

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson

India Today  

India's Bharti Airtel on Wednesday signed a "multi-billion" dollar deal with Swedish telecom equipment maker Ericsson ERICb.ST to boost its 4G and 5G coverage in the world's second-largest smartphone market. Demand from India's 5G market started to skyrocket in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries, started to scale up 5G services. Ericsson, Bharti Airtel's …

Adani group stocks extend winning streak, rally up to 12% today
Top News
3 weeks, 6 days ago

Adani group stocks extend winning streak, rally up to 12% today

India Today  

Adani group shares continued their positive momentum and extended their rally on Thursday with its stocks gaining up to 10% in early trade. The shares of the conglomerate have seen a recovery after the Adani group issued a clarification on charges of bribery by US authorities. The rally follows a clarification by Adani Green Energy Ltd on Wednesday that dismissed …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
4 weeks ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

Adani bulls cut positions before news of US indictment
1 month ago

Adani bulls cut positions before news of US indictment

Live Mint  

Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. Interestingly, certain traders holding futures positions of …

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run
1 month ago

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run

India Today  

Adani Group shares saw a rise in early trade on Monday, continuing their recovery from last week’s turbulence. RECENT CHALLENGES The Adani Group recently faced allegations from US prosecutors, who accused Gautam Adani and others of orchestrating a $265 million bribery scheme to secure state energy contracts. MARKET REACTION Despite last week’s turbulence, Monday’s rally shows that investor confidence in …

Adani Group stocks extend slide amid bribery charges. Details here
1 month ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
1 month ago

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot

Hindustan Times  

Adani Group shares plunged when the markets opened on Thursday, November 21, 2024, after the US Securities and Exchange Commission announced it was pressing charges against Adani Group chairman Gautam Adani, Sagar Adani, and Cyril Cabanes, an executive of Azure Power Global Ltd in a bribery and fraud case. The US market regulator SEC alleged the scheme was to secure …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
1 month ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Stocks to watch: Adani Group stocks, Wipro, Bharti Airtel, JSW Steel among stocks that could be in focus today
1 month ago

Stocks to watch: Adani Group stocks, Wipro, Bharti Airtel, JSW Steel among stocks that could be in focus today

Live Mint  

Stocks to watch: The Nifty 50 recorded a minor gain of 0.28 per cent in Tuesday's session, breaking its seven-session losing streak. Adani Group stocks: Gautam Adani has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, US prosecutors said on Wednesday. JSW Steel: The company’s subsidiary, JSW Steel Italy Srl, signed a …

Adani mulls surrender of 5G spectrum after more than 2 years of purchase
1 month ago

Adani mulls surrender of 5G spectrum after more than 2 years of purchase

Live Mint  

Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after more than two years of not putting them to use, said four people aware of the development. Telcos have to launch 5G services anywhere in the licensed service area in metro areas and …

Bharti Airtel grants Nokia multi-billion 4G and 5G network expansion deal; aims to strengthen capacity and coverage
Top News
1 month ago

Bharti Airtel grants Nokia multi-billion 4G and 5G network expansion deal; aims to strengthen capacity and coverage

Live Mint  

Telecom major Bharti Airtel has given a multi-billion contract to Finnish telecom company Nokia to deploy 4G and 5G equipment across key Indian cities and states as the company eyes to strengthen its capacity and coverage in the Indian market, according to the company's BSE filing on Wednesday, November 20. This step will improve Airtel’s network and support the company's …

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%
1 month, 2 weeks ago

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%

Live Mint  

Bharti Airtel Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Bharti Airtel shares are trading at price ₹1578.85, -0.8% down from the previous closing price. On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at …

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
1 month, 2 weeks ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which …

Bharti Airtel's Price on the Rise, but Nifty Shows Caution
1 month, 3 weeks ago

Bharti Airtel's Price on the Rise, but Nifty Shows Caution

Live Mint  

Bharti Airtel share price is up by 0.65% today, trading at ₹1647.55. The stock has hit a high of ₹1651.5 and a low of ₹1618 during the day. On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The company has a ROE of 9.36% & ROA of 1.92% respectively. …

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details
4 months, 1 week ago

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details

News 18  

Bharti Enterprises has agreed to buy around 24.5 per cent stake in BT Group from the British telecommunication firm’s top shareholder, Altice UK, the company said in a stock exchange filing on Monday. “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the …

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP
6 months, 3 weeks ago

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP

Business Standard  

The board of Adani Enterprises, the flagship firm of the conglomerate, on Tuesday approved raising Rs 16,600 crore by way of qualified institutional placement of shares or any other instruments, it told stock exchanges in a statement. The approval came a day after its transmission tower firm, Adani Energy Solutions, cleared plans to raise Rs 12,500 crore by way of …

Adani Group stocks rally up to 10%; Adani Energy, Adani Green shares top gainers
9 months, 1 week ago

Adani Group stocks rally up to 10%; Adani Energy, Adani Green shares top gainers

Live Mint  

Adani Group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, and others, rallied up to 10% on Thursday, rebounding from a steep fall witnessed in the previous session. All ten Adani Group stocks were trading with sharp gains on March 14 led by renewed buying interest amid upbeat market sentiment. The rally added nearly ₹57,000 crore to …

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…
9 months, 1 week ago

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…

Hindustan Times  

Adani Group stocks fell up to 13 per cent today. How are other Adani Group's stocks performing: Adani Enterprises and Adani Ports & SEZ were trading with losses of 5.5 per cent and 5.3 per cent, respectively. Loss in market-cap: With today's drop, Adani Group stocks have cumulatively lost ₹90,000 crore in market capitalisation- 5.7% of the group's overall market …

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore
9 months, 2 weeks ago

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore

Hindustan Times  

Singapore Telecommunications on Thursday said it has sold a 0.8% stake in Bharti Airtel for S$950 million to U.S. investment firm GQG Partners. SingTel, through its unit Pastel, sold 49 million or 0.8% of the outstanding shares in Airtel, also effectively reducing its stake in the telecom operator by 0.8 percentage points, it said in a statement. "The Group is …

Adani Group frees pledged shares worth ₹ 2,878 crore in Q3
11 months ago

Adani Group frees pledged shares worth ₹ 2,878 crore in Q3

Live Mint  

MUMBAI : Infrastructure conglomerate Adani Group has released pledged shares worth ₹2,878 crore related to four of its companies during the December quarter, BSE data analyzed by Mint showed. The group released a total 28.67 million pledged promoter shares across Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Ports and Special Economic Zone Ltd, and Adani Energy Solutions Ltd. In …

Bharti Airtel shares drop over 2% following news of Warburg Pincus stake sale
1 year ago

Bharti Airtel shares drop over 2% following news of Warburg Pincus stake sale

Live Mint  

Bharti Airtel share price fell over 2% on Thursday's session following news reports that stated that Warburg Pincus, international private equity firm, was looking to offload a stake in Bharti Airtel as it continues to pare its stakes in several Indian companies. On December 6, as per media reports Warburg Pincus planned to raise $211 million by selling 17.5 million …

Adani Group Companies Benefit From Market Sentiment, Stocks Soar High
1 year ago

Adani Group Companies Benefit From Market Sentiment, Stocks Soar High

ABP News  

As the stock market touched new highs on Monday, Adani Group and its entities took the investors on a joy ride with the firms mirroring the sentiment in the market. Shares of Adani Group companies remained popular during afternoon trading, and Adani Green Energy shares soar 8 per cent, and Adani Enterprises up by more than 7 per cent. On …

Bharti Airtel Q2 profit declines on one-time charge
1 year, 1 month ago

Bharti Airtel Q2 profit declines on one-time charge

The Hindu  

Bharti Airtel on Tuesday reported a steep drop in second-quarter profit, hurt by a one-time charge, but its revenue rose as it added more 4G and 5G subscribers. The latest quarter’s results included a one-time charge of ₹13.50 billion as interest payable on an additional tax provision amount related to a Supreme Court ruling on variable licence fees. Airtel and …

Adani Group to raise $3.5 billion through share sale in 3 companies
1 year, 6 months ago

Adani Group to raise $3.5 billion through share sale in 3 companies

Live Mint  

Billionaire Gautam Adani-led group is set to raise $3.5 billion through an equity share sale to institutional investors in the boldest comeback strategy after US short-seller Hindenburg Research levelled accusations against the ports-to-energy conglomerate of stock manipulation and financial wrongdoings. While boards of Adani Enterprises Ltd and electricity transmission company Adani Transmission Ltd have already approved raising up to ₹21,000 …

GQG pumps up to $500mn more into Adani group cos
1 year, 6 months ago

GQG pumps up to $500mn more into Adani group cos

Live Mint  

Mumbai: GQG Partners, which invested $1.87 billion in four Adani group companies in the first week of March, has pumped in another $330 million-$530 million into these companies since then, demonstrating the investor’s continued interest in the ports to renewable energy conglomerate. View Full Image Graphic: Mint On 2 March, the Adani group disclosed that GQG had invested ₹15,446 crore …

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?
1 year, 7 months ago

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?

News 18  

Adani Enterprises Share Price: The three-day rally in Adani Enterprises on Wednesday came to an abrupt halt as the Nifty stock lost up to 8% to hit day’s low of Rs 2425.85 on BSE as traders booked profits. This means Jain’s investment into four Adani Group companies in March has generated more than 65 per cent returns in less than …

Adani stocks jump on SC panel report findings
1 year, 7 months ago

Adani stocks jump on SC panel report findings

Live Mint  

MUMBAI : Adani group stocks surged on Monday, led by flagship Adani Enterprises, with investor wealth rising by the most in almost nine months after a Supreme Court-appointed panel found no prima facie evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Six out of 10 Adani Group stocks hit their upper circuits, with the group market …

Why Adani Total, Adani Transmission share hit lower circuit today — explained
1 year, 7 months ago

Why Adani Total, Adani Transmission share hit lower circuit today — explained

Live Mint  

Adani group stocks — Adani Total Gas and Adani Transmission shares hit 5 per cent lower circuit in early morning deals on Monday. As MSCI has declared to lower free float in Adani Total Gas and Adani Transmission from 25 per cent to 14 per cent and 10 per cent respectively, these foreign investors were expected to offload their shareholding …

Adani Group stocks recover day after falling sharply. Here's why
1 year, 8 months ago

Adani Group stocks recover day after falling sharply. Here's why

India Today  

Shares of all 10 listed companies of the Adani Group advanced on Tuesday, registering a strong recovery after yesterday’s steep fall. Recovery after clarification on debt repayments The recovery comes after Adani Group CFO Jugeshinder Singh refuted a news report which questioned its recent debt repayments. Hours after he rejected the claim, the company also issued a statement, where it …

4 Adani Group stocks hit upper circuit, flagship company falls 5%
1 year, 9 months ago

4 Adani Group stocks hit upper circuit, flagship company falls 5%

India Today  

Shares of most Adani Group companies extended their rally on Thursday as the market sentiment around the power-to-port conglomerate continues to improve. This shows investor sentiment around Adani Group stocks have improved since last week. While shares of Adani Group firms saw mixed trading during today’s session, analysts believe that the group may have weathered the worst of the storm …

Adani Group repays share-backed financing worth ₹7,374 crore
1 year, 9 months ago

Adani Group repays share-backed financing worth ₹7,374 crore

The Hindu  

Embattled Adani Group on March 7 said it has repaid share-based financing of ₹7,374 crores and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters in four group companies, it said in a statement, …

Adani Group pre-pays ₹73.74 billion worth share-backed financing
1 year, 9 months ago

Adani Group pre-pays ₹73.74 billion worth share-backed financing

Hindustan Times  

Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees, as part of its promoters' commitment to cut overall leverage backed by shares of the Group's listed companies. Adani group said on Tuesday it prepaid share-backed financing of ₹ 73.74 billion. The billionaire Gautam Adani-led Adani Group has been looking to ease concerns about its …

NSE, BSE remove Adani Enterprises from short-term additional surveillance
1 year, 9 months ago

NSE, BSE remove Adani Enterprises from short-term additional surveillance

Hindustan Times  

The National Stock Exchange and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure framework. Last month, both the NSE and BSE had put three Adani Group companies, under the short-term additional surveillance measure framework. Last month, both the NSE and BSE had put three Adani Group companies, including the flagship Adani Enterprises, …

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?
1 year, 9 months ago

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?

India Today  

Shares of 10 listed Adani Group companies jumped sharply on Friday and are expected to end the week on a strong note. Following the strong recovery rally, the market capitalisation of 10 listed Adani Group companies has jumped to over Rs 8 lakh crore. Adani Group stocks have witnessed a strong recovery rally over the past few trading sessions, after …

Adani stake sale: The man behind ₹15,446 crore mega block deal
1 year, 9 months ago

Adani stake sale: The man behind ₹15,446 crore mega block deal

Live Mint  

GQG Partners, just a nearly seven-year-old investment boutique, hit headlines on Thursday after it drove a block deal of ₹15,446 crore in Adani Group-backed four stocks. Last month, his GQG Partners received “Fund Manager of the Year – Global Equities” at the 2023 Morningstar Australia Awards. On the Adani block deal, Rajiv said, "We believe that the long-term growth prospects …

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals
1 year, 9 months ago

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals

Live Mint  

US-based boutique investment firm GQG Partners has bought stake worth ₹15,446 crore in three Adani Group Companies through block deals, the conglomerate said on Thursday, marking the first major investment in the group since US short-seller's explosive report sparked a stock rout. GQG Partners had investments in Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission …

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain
1 year, 9 months ago

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain

Live Mint  

Shares of Adani Enterprises Ltd rose more than 3% to ₹1,613 apiece from lows after it plunged on the BSE in Thursday's opening deals on reports of a large trade on the flagship company. About 3.5% equity i.e., around 3.9 crore shares of Adani Enterprises worth ₹5,520 crore exchanged hands at an average price of ₹1,408 per share, as per …

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation
1 year, 10 months ago

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation

The Hindu  

Shares of Adani Enterprises tumbled 10.4% on the BSE on Wednesday to close at ₹1,404.85 after a post in Wikipedia’s online daily ‘The Signpost’ alleged that an employee of the Adani Group had likely manipulated information about the group in entries on the volunteer-contributed online encyclopedia. Shares of Adani Ports declined 6.25%, while those of Adani Power, Adani Transmission, Adani …

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore
1 year, 10 months ago

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore

Live Mint  

The Adani Group stocks got an eye-opening jolt on Wednesday that saw destruction of ₹51,294.04 crore of investor wealth. All the Adani Group's 10 listed firms have together lost ₹11,62,030.29 crore in market valuation as selling pressure intensified. Four other Adani Group stocks – Adani Transmission, Adani Total Gas, Adani Wilmar, and Adani Green – were locked in their 5% …

India’s Adani tries to pacify investors as watchdog probes report
1 year, 10 months ago

India’s Adani tries to pacify investors as watchdog probes report

Al Jazeera  

Adani group’s seven listed stocks have together lost about $120bn in market value since a US short-seller has raised concerns. Led by billionaire businessman Gautam Adani, the group’s seven listed stocks have together lost about $120bn in market value since a January 24 report by United States-based short-seller Hindenburg Research accused it of improper use of offshore tax havens and …

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?
1 year, 10 months ago

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?

News 18  

Telecom major Bharti Airtel stock fell around 2 per cent in early deals after it announced its Q3 results, which missed analyst estimates. Bharti Airtel reported 92 per cent surge in consolidated net profit at Rs 1,588 crore for the quarter ended December 2022 as against Rs 830 crore in the same quarter of the previous year, helped by the …

Why are Adani stocks surging today?
1 year, 10 months ago

Why are Adani stocks surging today?

Live Mint  

After falling relentlessly since January 25, Adani group stocks took a breather in last 2 days after the company took multiple measures to soothe investors nerves. Adani Green, Adani Total Gas were the two stocks that were in the red, with the former falling about 5% to ₹802 and latter down about 5% to ₹1,394.15. A few factors that have …

8 Adani Group firms shine, two underperform; Adani Enterprises jumps 13 per cent
1 year, 10 months ago

8 Adani Group firms shine, two underperform; Adani Enterprises jumps 13 per cent

India TV News  

Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party, shares of most of the Adani group firms gained in late morning trade on Wednesday. The scrip of Adani Enterprises zoomed 13.07 per cent to Rs 2,038 apiece on the BSE, and its market capitalisation rose to Rs 2.32 lakh crore. Adani Ports Adani Ports and Special …

Adani flagship stock jumps 25%; $6bn recovered after prepayment of loans
1 year, 10 months ago

Adani flagship stock jumps 25%; $6bn recovered after prepayment of loans

Hindustan Times  

Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. That helped trim the slump in the group’s market capitalization to $112 billion since US-based Hindenburg Research released a report on Jan. 24 alleging market manipulation and accounting fraud — claims Adani has repeatedly denied. “The group is …

Selling pressure in some Adani group stocks eases
1 year, 10 months ago

Selling pressure in some Adani group stocks eases

Live Mint  

Mumbai/New Delhi: Stocks of Adani group companies ended up mixed on Monday, as weekend assurances by the government and regulators and promoters’ plan to repay share-backed loans eased selling pressure in some of them. The market capitalization of listed Adani group companies fell by ₹27.440 crore from the previous session to ₹9.8 trillion. While Adani Ports gained 9.46% to close …

Adani woes spur protests as stock turmoil turns political
1 year, 10 months ago

Adani woes spur protests as stock turmoil turns political

Associated Press  

NEW DELHI — Hundreds of demonstrators from India’s main opposition party turned out Monday in India’s capital New Delhi and other cities demanding an investigation into allegations of fraud and stock price manipulation by India’s second-biggest business group, headed by coal mining tycoon Gautam Adani. The Adani Group said Monday that its major investors, known in India as “promoters,” had …

Adani Group stocks fall further in morning trade
1 year, 10 months ago

Adani Group stocks fall further in morning trade

The Hindu  

Shares of Adani Group firms tumbled further on the bourses, with shares of Adani Enterprises witnessing a fall of 9.50% as investors continue to offload their holdings. Shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar were trading 5% down each on the BSE, while Adani Transmission slipped 10%. In addition, other Adani Group stocks, such …

Adani sell-off continues amid protests by India’s opposition
1 year, 10 months ago

Adani sell-off continues amid protests by India’s opposition

Al Jazeera  

Seven listed Adani Group firms see a sell-off worth $112bn in under two weeks as the opposition widens protests. Legislators of India’s main opposition party have kicked off protests at some state-run companies over the crisis at Adani Group, whose seven listed firms saw another sell-off that drove their market loss to $112bn in less than two weeks. Members of …

Aswath Damodaran values Adani Enterprises stock at ₹947 per share
1 year, 10 months ago

Aswath Damodaran values Adani Enterprises stock at ₹947 per share

Live Mint  

Aswath Damodaran feels the share price of Adani Enterprises was over stretched when it was valued at at $53 billion. In fact, a valuation of Adani Enterprises with upbeat assumptions on revenue growth and operating margins, and without factoring any of the Hindenburg accusations of fraud and malfeasance, yields a value of just about ₹945 per share, well below the …

Four Adani Group stocks rebound; Adani Ports jumps 8%, Adani Enterprises climbs over 1%
1 year, 10 months ago

Four Adani Group stocks rebound; Adani Ports jumps 8%, Adani Enterprises climbs over 1%

The Hindu  

Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past 6 days. Some Adani Group stocks revived post the confident statement by TotalEnergies, a French energy company, raising the sentiment of the market, said Vinod Nair, Head of Research at Geojit Financial Services. Adani Group stocks have …

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