Shares set for muted start on RBI repo rate fears, Adani stocks uncertainty
1 year, 11 months ago

Shares set for muted start on RBI repo rate fears, Adani stocks uncertainty

Hindustan Times  

Indian shares are set to open lower on Monday on a strong U.S. jobs report which renewed fears that the Federal Reserve could continue with its aggressive rate hikes to tame inflation, while the ongoing uncertainty in Adani stocks remained an overhang. Asian markets slid on Monday, with the MSCI's broadest index of Asia-Pacific shares outside Japan shedding 1.60%. The strong data heightened fears that the Fed might continue its aggressive rate hike trajectory, with the interest rate futures now pointing to chances of the central bank delivering at least two more rate hikes. Foreign institutional investors sold 9.32 billion rupees worth of shares on a net basis on Friday, while domestic institutional investors purchased 12.65 billion rupees of stocks, official data showed.

India Stocks Rate Net Profit Rbi Repo  strong  muted  stocks  fears  start  profit  rbi  repo  q3  net  adani  reports  shares  rise  uncertainty  rate  set

History of this topic

Stocks to watch today: TCS, Tata Elxsi, IREDA, Adani Wilmar, L&T, Mazagon Dock
13 hours, 43 minutes ago

Stocks to watch today: TCS, Tata Elxsi, IREDA, Adani Wilmar, L&T, Mazagon Dock

India Today  

Stock markets remained under pressure and extended their downward trend with the S&P BSE Sensex falling by 528.28 points to close at 77,620.21, while the NSE Nifty50 lost 162.45 points to end at 23,526.50. In today’s trade, several stocks such as TCS, IREDA, Adani Wilmar, Adani Total Gas are expected to be in focus due to corporate developments, quarterly results, …

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors
1 month ago

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors

India Today  

Stock markets ended in red on Monday, dragged down by losses in FMCG and auto stocks. As markets reopen today, several stocks, including Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power, and Datamatics Global Services, are likely to be in focus due to recent announcements and developments. ADANI GROUP STOCKS The Adani Group announced plans to …

Stocks to watch today: Banking sector shares in focus, Ola Electric, Nykaa
1 month ago

Stocks to watch today: Banking sector shares in focus, Ola Electric, Nykaa

India Today  

As the Reserve Bank of India's Monetary Policy Committee gears up for key announcements today, market activity is expected to remain high. In today’s session, shares of Mishtann Foods, Canara Bank, Nykaa, Ola Electric, Dr Reddy’s Laboratories, Aditya Birla Fashion and Retail, and others are expected to see movement. BANKING STOCKS Banking and financial sector shares are likely to dominate …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 1 week ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
1 month, 2 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 Group stocks gain up to 17% after clarification on US bribery charge
1 month, 2 weeks ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%
1 month, 2 weeks ago

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%

Live Mint  

Adani Total Gas Share Price Today on 26-11-2024: At 26 Nov 11:24 today, Adani Total Gas shares are trading at price ₹593.55, -1.2% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run
1 month, 2 weeks 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 stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
1 month, 2 weeks 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 …

Gautam Adani raises stake in Adani Enterprises, buys more from open market
6 months, 3 weeks ago

Gautam Adani raises stake in Adani Enterprises, buys more from open market

Hindustan Times  

Gautam Adani, promoters of Adani Enterprises and companies belonging to the promoter group purchased over two per cent stake in the company from open market between September 2023 and June this year, a statement to stock exchanges noted. As per the exchange filing, open market purchases in shares of Adani Enterprises were made between September 8-12, 2023 by Infinity Trade …

Adani Group shares tumble; Adani Ports plunges 20 pc
7 months ago

Adani Group shares tumble; Adani Ports plunges 20 pc

The Hindu  

Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls. The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani …

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP
7 months, 1 week 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 Total Gas Q4 results: Net profit rises 71% to ₹168 crore
8 months, 1 week ago

Adani Total Gas Q4 results: Net profit rises 71% to ₹168 crore

Hindustan Times  

Adani Total Gas Q4 results: Adani Total Gas revenue from operations have been announced at ₹1,258.37 crore in Q4 today. Adani Total Gas Q4 results were announced today Adani Total Gas' earnings before interest, tax, depreciation and amortisation in the fourth quarter was ₹305 crore and this has jumped by 49 percent. On his part, Suresh Manglani, ED & CEO …

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…
9 months, 4 weeks 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 …

What's happening? Adani stocks fire up, surge between 7 to 23%
11 months, 1 week ago

What's happening? Adani stocks fire up, surge between 7 to 23%

Hindustan Times  

Shares of all Adani Group firms rose by nearly 6 percent today owing to multiple factors like talks of fund raising which lifted the stocks led by flagship Adani Enterprises. According to the international brokerage firm Cantor Fitzgerald, Adani Enterprises is at the core of everything India needs which makes “AEL a unique long-term investment opportunity. Shares of Adani Energy …

A year after Hindenburg report, how Adani Group firm stocks are performing?
11 months, 2 weeks ago

A year after Hindenburg report, how Adani Group firm stocks are performing?

Hindustan Times  

Exactly a year ago, United States forensic financial research firm Hindenburg in its report had dropped a big bombshell, accusing Gautam Adani-led business conglomerate Adani Group. Following the relief by apex court, the Adani Group firms shares rallied by 18 per cent despite the stock market falling flat. Here's how the Adani Group firm shares are performing on the first …

Adani Group frees pledged shares worth ₹ 2,878 crore in Q3
11 months, 3 weeks 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 …

Adani stocks rally as SC ruling wins back confidence of investors
1 year ago

Adani stocks rally as SC ruling wins back confidence of investors

Live Mint  

Bengaluru/Mumbai: Traders and investors expected a rally in Adani group shares on Wednesday in anticipation of a favourable verdict from the Supreme Court. The various events of last year have been dubbed a “distraction” by the Adani group, including most recently in the third week of December when a dozen-odd senior executives led by group chief financial officer Jugeshinder Singh …

M-cap of these two Adani Group firms jumped by over ₹50,000 crore in last 5 sessions
1 year ago

M-cap of these two Adani Group firms jumped by over ₹50,000 crore in last 5 sessions

Live Mint  

Adani Group stocks have gained sharply in recent weeks due to a series of positive developments that have revitalised investor confidence in the group's shares. All 10 listed Adani Group stocks posted double-digit gains last week, with Adani Total Gas surging by as much as 65%. In the last week, the market capitalisation of Adani Green Energy, the renewable energy …

Adani Ent. Adani Wilmar, Adani Power other group stocks gain up to 17%
1 year, 1 month ago

Adani Ent. Adani Wilmar, Adani Power other group stocks gain up to 17%

Live Mint  

Gautam Adani led Adani Group of companies, including Ambuja Cement and New Delhi Television Ltd but with the exception of ACC Ltd continued adding to their gains on Wednesday. Adani Total Gas Ltd and New Delhi Television Ltd with their share price rising more than 14%, closely followed Adani Green share price gains., Adani Power also stood amongst prominent gainers …

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

Stocks to Watch: TCS, Tata Motors, IDBI Bank, SpiceJet, Adani Enterprises
1 year, 2 months ago

Stocks to Watch: TCS, Tata Motors, IDBI Bank, SpiceJet, Adani Enterprises

Live Mint  

Here are the top stocks that could be in focus in today's trade: TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. Tata Motors: Tata Motors Ltd sold a 9.9% stake in Tata Technologies …

Report says close associates of India’s Adani Group secretly purchased large numbers of shares
1 year, 4 months ago

Report says close associates of India’s Adani Group secretly purchased large numbers of shares

Associated Press  

NEW DELHI — Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report Thursday by a network of investigative journalists. It identified the two investors as Nasser Ali Shaban Ahli and Chang Chung-Ling, and said they have …

Adani Ports, Adani Ent share price gain over 2-3%; Here’s why
1 year, 5 months ago

Adani Ports, Adani Ent share price gain over 2-3%; Here’s why

Live Mint  

Adani Group stocks gained around 2% to 3% each on Monday, with Adani Enterprises share price rallying over 3%. The Adani Group on July 15 announced the commissioning of India’s first transnational project at Godda in Jharkhand to supply power to the Bangladesh electricity grid. Gautam Adani, Chairman of Adani Group, called on Bangladesh Prime Minister Sheikh Hasina in Dhaka …

Adani Power to Adani Ports: Adani shares trade red. Market cap dips ₹52,000 cr
1 year, 6 months ago

Adani Power to Adani Ports: Adani shares trade red. Market cap dips ₹52,000 cr

Live Mint  

Adani shares have been under sell off heat since early morning deals on Friday. All ten Adani group shares are in red territory since opening bell where Adani Enterprises share price has corrected maximum. According to stock market experts, all Adani group shares are nosediving today as US regulators are enquiring about Adani group's representations to US-based investors. Reason for …

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 soar; market cap jumps by ₹63,000 crore in a day
1 year, 7 months ago

Adani stocks soar; market cap jumps by ₹63,000 crore in a day

Live Mint  

Adani Group stocks continued dazzling on Tuesday, with most of them hitting their upper circuit levels in trade, as sentiment remain upbeat about the group stocks after the group got a clean chit from the Supreme Court panel. All 10 Adani stocks ended with gains with Adani Enterprises share price surging nearly 18 per cent to the intraday high of …

Why Adani Total, Adani Transmission share hit lower circuit today — explained
1 year, 8 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 Total Gas Q4 profit jumps 21% on higher prices
1 year, 8 months ago

Adani Total Gas Q4 profit jumps 21% on higher prices

Hindustan Times  

India's Adani Total Gas Ltd reported a 20.7% rise in quarterly profit on Tuesday, propelled by price hikes and expansion of its compressed natural gas stations. Adani Total's consolidated net profit rose to 979.1 million rupees for the three months ended March 31, from 810.9 million rupees a year earlier, said the company, which distributes piped gas in various Indian …

Explained: Why shares of Adani Group's listed firms are in focus this week
1 year, 8 months ago

Explained: Why shares of Adani Group's listed firms are in focus this week

India Today  

Shares of Adani Group's listed companies will be in focus this week as many of them are set to report their financial results for Q4FY23. Adani Green Energy shares were trading nearly 3 per cent higher in early trade, while NDTV fell 0.98 per cent. Four other listed Adani Group companies will report Q4 results this week, with Adani Total …

Adani Group stocks recover day after falling sharply. Here's why
1 year, 9 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, 10 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 stocks zoom for back-to-back trading sessions. Is the worst over?
1 year, 10 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 stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals
1 year, 10 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, 10 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 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% …

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks
1 year, 10 months ago

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks

The Hindu  

Published : Feb 22, 2023 15:12 IST The stock markets are a delicate creature, needing careful nurture and care. For the last eight years at least, the Adani group has been India’s most storied business conglomerate, with a near-miraculous growth in market values. The bull market in Adani shares soon got woven into the India growth story. India’s stock market …

Adani Enterprises tumbles 11%, other group stocks bleed after Wikipedia’s claim
1 year, 10 months ago

Adani Enterprises tumbles 11%, other group stocks bleed after Wikipedia’s claim

Live Mint  

Shares of Adani group stocks suffered steep losses in Wednesday's trade after Wikipedia editors said employees of the Adani Group have "almost certainly" manipulated Wikipedia entries with non-neutral PR versions. The stock of Adani Group's flagship Adani Enterprises tumbled 11.43 per cent to ₹1,391.55 per share on the NSE at around 12:40 pm. Shares of Adani Power declined 5 per …

Stocks to Watch: Adani Total, Airtel, Adani Power, L&T, Tata Steel
1 year, 11 months ago

Stocks to Watch: Adani Total, Airtel, Adani Power, L&T, Tata Steel

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Adani Total: France's TotalEnergies has put on hold a planned investment in Adani Group's USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller, chief executive Patrick Pouyanné said on Wednesday. Adani Power: Adani Power, an Indian power and …

Domestic shares muted on US Fed rate-hike fears, Adani stocks resume fall
1 year, 11 months ago

Domestic shares muted on US Fed rate-hike fears, Adani stocks resume fall

India Today  

Indian shares struggled for direction before closing marginally higher on Thursday as gains in high-weightage financials and tech stocks offset concerns over the U.S. Federal Reserve's rate-hike trajectory and a slide in Adani Group stocks. Adani Group shares had recouped losses for two consecutive sessions after a sharp selloff following U.S. short-seller Hindenburg Research's Jan. 24 report, which flagged concerns …

Why are Adani stocks surging today?
1 year, 11 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 …

Some Adani shares rise from Hindenberg crisis, after group's market losses hit $110 billion
1 year, 11 months ago

Some Adani shares rise from Hindenberg crisis, after group's market losses hit $110 billion

Hindustan Times  

Shares of some listed Adani group companies, including its flagship, rose in early trade on Tuesday while others fell further as the reverberations from a U.S. short-seller's critical report on the Indian conglomerate continued to be felt. Shares of Adani Green Energy, Adani Total Gas Ltd, Adani Power were down 5%, while Adani Transmission rose 3.5%. Adani group's seven listed …

Selling pressure in some Adani group stocks eases
1 year, 11 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 …

As Adani shares tank further, here’s look at what is at stake
1 year, 11 months ago

As Adani shares tank further, here’s look at what is at stake

Live Mint  

The Adani group lost over ₹9 trillion crore in market value since Hindenburg Research brought fraud charges against the Indian conglomerate. Here are the list of Adani Group's key projects: Mundra Port expansion phase 3 project 57,594 Godda coal-based thermal power SEZ project 14,820 Maharashtra pumped storage project for green power 60,000 Kashipur aluminium refinery and captive power plant project …

Adani prepays $1,114 million to release the Group companies’ shares
1 year, 11 months ago

Adani prepays $1,114 million to release the Group companies’ shares

The Hindu  

Gautam Adani and his family, who are promoters of the Adani Group companies have prepaid $1114 million worth of borrowings raised with pledging of shares of various listed entities ahead of the schedule payment in September 2024. The promoters’ decision to pre-payment will help release 11.77 million shares in Adani Transmission Ltd., 168.27 million shares of Adani Ports & Special …

Adani woes spur protests as stock turmoil turns political
1 year, 11 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 …

As Adani stocks rout extends, what should investors do? Here’s what experts say
1 year, 11 months ago

As Adani stocks rout extends, what should investors do? Here’s what experts say

Live Mint  

The sell-off in Adani Group stocks entered a third week with flagship Adani Enterprises shares plummeting as much as 10%. Stock exchanges last week placed three Adani stocks - Adani Enterprises, Adani Ports and Ambuja Cements - on additional surveillance measure framework, making them subject to more stringent rules. “Adani stocks are in continuous sell off mode and smallest of …

Adani Group stocks fall further in morning trade
1 year, 11 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, 11 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 …

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