Bears likely to ease off ahead of Adani Q3 results this week
1 year, 10 months ago

Bears likely to ease off ahead of Adani Q3 results this week

Live Mint  

Friday’s recovery in front line Adani group stocks such as Adani Ports, Adani Enterprises and Ambuja Cements could continue on Monday, with regulators, banks, and the finance minister all trying to calm investor nerves even as more surveillance measures are put in place to curb excessive speculation. “Adani Ports, Ambuja, and ACC could witness some value buying given their steep price fall on the back of reassurance on market integrity by the finance minister and regulators like Reserve Bank of India and Sebi, while the other companies from the stable might experience reduced volatility, thanks to the higher margins having kicked in from Friday," said Rajesh Baheti, managing director, Crosseas Capital Services, one of the country’s largest day trading entities. Comments by finance minister Nirmala Sitharaman on Friday, the first by a government functionary since the crisis erupted on 24 January, that Life Insurance Corp. of India and State Bank of India’s exposure to the Adani group was within permitted limits drove bears to cover their short positions in Adani Enterprises and Adani Ports, both Nifty 50 stocks. Adani Ports recovered 22% from a 52-week low of ₹395.10 to close at ₹488.40, while Adani Enterprises recouped almost all of its 35% loss to a 52-week low of ₹1,017.45 apiece to close at ₹1,531, just 2% lower following Sitharaman’s comments, which came shortly after rating agency Fitch said there was no immediate impact of its ratings on Adani group companies and their securities in the wake of a US short-seller’s allegations of fraud and manipulation against the group.

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History of this topic

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 weeks ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks, 1 day ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Is Adani Ports stock at Rs 1,960? Here's what brokerages say
3 weeks, 2 days ago

Is Adani Ports stock at Rs 1,960? Here's what brokerages say

India Today  

Shares of Adani Ports and Special Economic Zone have been in focus over the past few sessions, with analysts projecting a strong growth outlook despite recent challenges. Kotak Institutional Equities has a fair value of Rs 1,630, while Motilal Oswal Financial Services has pegged it at Rs 1,530, both maintaining their ‘Buy’ ratings. Operating cash flow is expected to grow …

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 Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 6 days 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 …

Sensex, Nifty end higher as Adani stocks rally up to 20%
Trending News
4 weeks ago

Sensex, Nifty end higher as Adani stocks rally up to 20%

India Today  

Benchmark stock market indices closed higher on Wednesday as they made a brief rally driven by a surge in Adani group shares after the conglomerate issued a clarification on the bribery charges by US authorities. "This recovery followed a clarification from Adani Green Energy Ltd regarding recent allegations of bribery and corruption against key executives, including Gautam Adani and his …

Adani Group stocks gain up to 17% after clarification on US bribery charge
4 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% …

No money given to Adani so far for Sri Lankan port project, says US development agency
4 weeks ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

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 …

BSE to introduce F&O contracts on 43 stocks: 3 Adani firms, Paytm, Zomato to join list from December 13
1 month ago

BSE to introduce F&O contracts on 43 stocks: 3 Adani firms, Paytm, Zomato to join list from December 13

Live Mint  

Leading stock exchange BSE announced the introduction of futures & options contracts for 43 stocks, which will be available for trading from December 13, 2024. Among the noteworthy additions were three Adani Group companies, Zomato, Paytm, Yes Bank, Life Insurance Corporation of India, DMart operator Avenue Supermarts, and Jio Financial Services. F&O Stocks BSE List The prominent stocks which will …

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Adani Enterprises, Adani Green, Airtel, LTI, JSW, Zinka: Stocks to watch today
1 month ago

Adani Enterprises, Adani Green, Airtel, LTI, JSW, Zinka: Stocks to watch today

India Today  

The domestic markets continued their downward trend, closing lower on Thursday as shares of Adani Group companies saw a sharp sell-off due to bribery allegations against Gautam Adani. ADANI ENTERPRISES, ADANI GREEN Adani Group stocks, including Adani Enterprises and Adani Green, are expected to remain under pressure following Thursday's 20% decline. The unit will cater to the company’s growing renewable …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

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 …

Indian shares set for muted start; Adani stocks in focus
1 month ago

Indian shares set for muted start; Adani stocks in focus

Live Mint  

Nov 21 - Indian shares are likely to have a subdued start on Thursday, with attention on Adani Group following the indictment of its billionaire chairman in New York over his involvement in an alleged multibillion-dollar bribery and fraud scheme. Risk sentiment could be further impacted after U.S. prosecutors said on Wednesday that Gautam Adani, one of the world's richest …

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
3 months ago

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions

Live Mint  

The Adani group has created a war chest of $5-7 billion for acquisitions over the next six months, reviving an aggressive growth strategy that had defined the airports-to-electricity conglomerate before US-based short-seller Hindenburg Research hit it with its alarming allegations. Two people directly aware of the Adani group’s plans said the conglomerate plans to acquire companies primarily in cement, airports, …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
4 months, 1 week ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Gautam Adani raises stake in Adani Enterprises, buys more from open market
6 months, 1 week 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 …

Top five to corner 55 pc market share in cement sector
6 months, 1 week ago

Top five to corner 55 pc market share in cement sector

Deccan Chronicle  

Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next year. According to ICRA, the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023 from 45 per cent …

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%
6 months, 1 week ago

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%

Live Mint  

Ambuja Cements, an Adani group firm on Thursday, June 13, announced the acquisition of Penna Cement Industries Ltd at an enterprise value of ₹10,422 crore. The acquisition will improve Adani group's share in the cement market pan-India by 2 per cent and 8 per cent in south India, according to a regulatory filing by Ambuja Cements to the stock exchanges. …

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
6 months, 3 weeks ago

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return

Hindustan Times  

Adani Group stocks today: Shares of Gautam Adani's Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi's led BJP will win in the Lok Sabha elections. Adani Group stocks today: Gautam Adani speaks during an interview in Ahmedabad. Gautam Adani replaces Mukesh Ambani as richest Asian Individually, Adani Enterprises jumped 7 …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
7 months ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%
8 months, 1 week ago

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%

The Hindu  

Billionaire Gautam Adani’s family infused an additional ₹8,339 crore in Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker’s manufacturing capacity. “With this, promoters have further strengthened Ambuja post-acquisition, giving Ambuja capital flexibility for accelerated growth, capital management initiatives and best-in-class balance sheet strength to accomplish its various strategic initiatives,” the statement said. Besides …

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%
8 months, 1 week ago

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%

Hindustan Times  

Billionaire Gautam Adani and his family have infused an additional ₹8,339 cr in Ambuja Cements, the company said in a statement, raising their stake in the major cement-producing firm to 70.3 per cent. "We are thrilled to announce completion of Adani family's primary infusion of INR 20,000 Cr in Ambuja," said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements …

Why Ambuja Cements share price trading flat despite stock market crash?
8 months, 1 week ago

Why Ambuja Cements share price trading flat despite stock market crash?

Live Mint  

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low …

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening
8 months, 2 weeks ago

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening

Hindustan Times  

Adani Ports share price: Shares of Adani Ports fell 2 per cent today. Adani Ports share price: A general view of a container terminal is seen at Mundra Port, one of the ports handled by Adani Ports and Special Economic Zone Ltd. Adani Ports monthly updates This comes after Adani Ports released its monthly updates reporting its highest-ever monthly cargo …

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%
8 months, 3 weeks ago

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%

Live Mint  

Indian billionaire Gautam Adani and his family injected $799 million to increase its stake in Ambuja Cements Ltd. as the business tycoon showed signs of confidence in its cement business amid the country’s infrastructure boom. The latest infusion of ₹6,661 crore by the Adani family came after their previous investment of ₹5,000 crore for exercising the warrants issuance approved by …

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company
8 months, 3 weeks ago

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company

Hindustan Times  

Adani family, promoters of Ambuja Cement, infused ₹6,661 crore into the cement and building materials company under the Adani portfolio. Adani family increased their stake in the Ambuja Cement by 3.6 percent to attain 66.7 percent holding. "This strategic move underscores unwavering commitment to have robust capital management philosophy for the portfolio companies and the latest investment testifies the commitment …

Stocks to watch on March 20: TCS, Vodafone Idea, Ultratech Cement, Adani Group and more
9 months ago

Stocks to watch on March 20: TCS, Vodafone Idea, Ultratech Cement, Adani Group and more

Hindustan Times  

Stocks to watch on March 20: TCS will be a stock in focus today as it announced that US-based Central Bank has chosen TCS BaNCS to upgrade its primary technology infrastructure. Vodafone Idea will also be in focus today as it received a request from ATC Telecom Infrastructure Private Ltd to convert optionally convertible debentures worth ₹1,440 crore into equity …

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 …

What's happening? Adani stocks fire up, surge between 7 to 23%
10 months, 3 weeks 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 …

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential
1 year, 2 months ago

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential

Live Mint  

Adani Ports & Special Economic Zone Ltd share price rebounded over 3% on Tuesday's session after tumbling by almost 5% on Monday due to concerns about conflict in Israel, where the company owns a key port. Adani Ports share price opened at an intraday low of ₹799.95 apiece on BSE. Analysts indicated that even in the worst case, the impact …

OCCRP reveals foreign investors linked to Adani stock manipulation
1 year, 3 months ago

OCCRP reveals foreign investors linked to Adani stock manipulation

The Hindu  

Published : Sep 05, 2023 11:25 IST - 3 MINS READ On August 31, western media outlets published the findings of The Organized Crime and Corruption Reporting Project, a global network of investigative journalists, which accused the Adani group promoters of using overseas funds as fronts to boost their shareholding in group companies beyond prescribed limits and manipulate stock prices. …

Explained | Decoding the OCCRP’s Adani report
1 year, 3 months ago

Explained | Decoding the OCCRP’s Adani report

The Hindu  

The story so far: In its order dated March 2, on the batch of petitions concerning the Adani-Hindenburg matter, the Supreme Court of India had directed the Securities and Exchange Board of India to conduct investigations in accordance with specific terms of reference. The OCCRP investigation has further revealed that a UAE-based secretive firm named Excel Investment and Advisory Services …

Hindenburg 2.0? Adani Enterprises, Adani Ports shares fall after OCCRP report
1 year, 3 months ago

Hindenburg 2.0? Adani Enterprises, Adani Ports shares fall after OCCRP report

India Today  

Shares of Adani Group companies fell sharply on Thursday after a report suggested that Adani Group’s family partners used ‘opaque’ funds to invest in millions of shares of the conglomerate’s publicly listed companies. OCCRP's allegations The OCCRP report alleges that Adani Group routed investments in its publicly traded stocks through these hidden Mauritius funds. Despite the strong response from the …

Seven Adani stocks gain 2%-10%, Adani Ent, Adani Port among top gainers on Nifty
1 year, 4 months ago

Seven Adani stocks gain 2%-10%, Adani Ent, Adani Port among top gainers on Nifty

Live Mint  

Adani Group stocks have been in spotlight following Economic times news report that said Abu Dhabi National Energy Company PJSC is considering investing up to $2.5 billion in the group's power industry. Also, this week, Adani Power share price was in focus after GQG Partners purchased 31 crore shares, or more than 8% of the company's entire stake. Further, on …

Adani Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July
1 year, 4 months ago

Adani Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July

Live Mint  

The Indian equity benchmark indices continued their rally for the fifth consecutive month in July 2023. Mutual funds bought 65.98 crore shares of Coal India worth ₹15,125 crore last month. Similarly, they purchased Bajaj Auto shares worth ₹5,617 crore, HDFC Life Insurance Company shares worth ₹6,186 crore and Godrej Consumer shares worth ₹4,811 crore. The fund houses bought 1.5 crore …

Promoters raise $500 mn via Adani Green stake sale to QIA
1 year, 4 months ago

Promoters raise $500 mn via Adani Green stake sale to QIA

Live Mint  

MUMBAI : The promoters of Adani Group raised about $500 million by selling a part of their holdings in Adani Green Energy Ltd to investors, including INQ Holding Llc, a wholly owned unit of sovereign fund Qatar Investment Authority. Additionally, shares worth $7.18 billion or ₹59,436 crore and ₹2,532 crore are pledged by the promoters in Ambuja Cements Ltd and …

Adani plans $4-5 bn cement bet after Sanghi acquisition
1 year, 4 months ago

Adani plans $4-5 bn cement bet after Sanghi acquisition

Live Mint  

MUMBAI : Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition. “This landmark acquisition is a significant step forward in Ambuja Cements’ accelerating growth journey," said Gautam Adani, the chairman of Adani Group. …

Adani-owned Ambuja cements to buy majority stake in Sanghi Industries: Report
1 year, 4 months ago

Adani-owned Ambuja cements to buy majority stake in Sanghi Industries: Report

Live Mint  

In a bid to strengthen its presence in the cement industry, Adani-owned Ambuja Cements is all set to acquire a majority stake in operations of Sanghi Industries, reported Reuters. Enjoying the position of India's second largest cement producer after UltraTech Cement, Adani owns Ambuja and ACC Ltd. Enjoying its dominance in Gujarat, Sanghi holds a production capacity of 6.1 million …

Adani Group repays $2.65 billion loans to complete prepayment programme
1 year, 6 months ago

Adani Group repays $2.65 billion loans to complete prepayment programme

Live Mint  

The Adani Group has said that it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut the overall leverage in an attempt to win back investor trust after US short seller Hindenburg levelled allegations of stock price manipulation against the port-to-energy conglomerate. In a statement, the Adani group said it has repaid $2.15 billion of loans …

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 …

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 …

Brokerages hold mixed views on Adani-owned Ambuja Cements post Q4; check details
1 year, 7 months ago

Brokerages hold mixed views on Adani-owned Ambuja Cements post Q4; check details

Live Mint  

For the quarter that ended in March 2023, Ambuja Cements Ltd on Tuesday recorded a 1.5% increase in net profit to ₹502.4 crore. Nuvama Institutional Equities According to the brokerage's analysis, the company's Q1 EBITDA for calendar year 2023 was roughly 14% higher than predicted thanks to higher-than-expected volumes and cost savings, coming in at ₹788.3 crore. The management reiterated …

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