Group cos churning Rs 1,100 cr Ebitda a week
Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14,908 cr on offer
Group says it is evaluating Big-6 firm to audit Adani Total Gas; Hindenburg, by its own admission, is stands to gain from a slide in Adani shares
Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.
A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak
The share sale 'allows us to increase the participation of the Indian public. Every household of rural India can invest in it'
Shares of Adani Enterprises have soared 78.41 per cent so far this fiscal year (FY23), as against 4.2 per cent rise in the S&P BSE Sensex
The company has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO), that opens for subscription on January 27.
Rs 11,000 crore will be invested in green hydrogen and airport projects, Rs 4,100 cr for retiring debt
Will be first to issue partly-paid up shares
The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022
Coal India, SBI and Adani Enterprises continue to trade with a robust bullishness, while TVS Motor and Bajaj Finance seem to be struggling to hold their ground, technical charts show.
At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed.
In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY
Adani Enterprises and Adani Total Gas were the major losers among the group stocks, as they hit the 10 per cent lower circuit in intraday deals.
Stocks to Watch Today: Domestic oil & gas related stocks are likely to be in focus as the government reduced tax on the former, while raised prices of natural gas to record levels.
The company has secured debt worth Rs 10,238 crore and will make a capital infusion of Rs 6,826 crore
At 09:30 am, with a market cap of Rs 4.31 trillion, Adani Enterprises stood at 12th position in overall market cap ranking on the BSE.
Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.
Adani Total Gas is the only stock that has closed in green each quarter since the Covid-19 pandemic, shows the quarterly chart. The stock has surged 14 times from the pandemic lows