Page 17 - Adani Enterprises

Adani Enterprises rallies 3%, closes at month's high after 6-day streak

Shares of Adani Group companies closed higher on Wednesday, with the flagship Adani Enterprises closing at a month's high following a six-day gaining streak. Some of the group stocks also hit their upper circuit levels after the group announced that it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month. The NSE and the BSE on Monday announced that the flagship Adani Enterprises will be moved out from the short-term additional surveillance measure (ASM) framework, which also bolstered the group stocks. Adani Enterprises shares climbed 2.86 per cent to end at Rs 2,039.65 on the BSE to extend gains for a sixth day on the trot. The market capitalisation of the flagship firm rose to Rs 2.32 lakh crore as the stock soared nearly 70 per cent in the six-day rally. In addition, shares of Adani Ports and Special Economic Zone (APSEZ) spurted 3.22 per cent to settle at Rs 712.75. Adani Power closed higher

Adani Group loan repayment: How do promoters raise money through pledging?

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

NSE removes Adani Enterprises from short-term additional surveillance

The stock will move out of the ASM framework from Wednesday, according to the report

Adani Group denies report of securing $3 bn loan from sovereign fund

Meanwhile, all ten group stocks had gains on Wednesday, the first time since the Hindenburg report was released in January

Select Adani group shares rally; Adani Enterprises jumps 29% from day's low

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%

ITC's climb to all-time high shows Indian investors searching for stability

ITC's climb has accelerated this month, as Hindenburg Research's allegations against the Adani Group has made Adani Enterprises and Adani Ports & Special Economic Zone the index's worst performers

Adani-Hindenburg saga: A world tour seeks to win back debt investors' faith

A dozen global banks will help host the investor meetings at Singapore's Capitol Kempinski hotel. The conglomerate will then hold meetings in Hong Kong at Barclays Plc office on Tuesday and Wednesday

A month after Hindenburg report: It's business as unusual for Adani Group

As on December 2022, retail investors held between 1 per cent and 11 per cent in the 10 Adani group stocks

LIC's investment in Adani Group stocks now stands close to cost: Report

On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore

Adani Group Rout has room to run as charts show 85% call still valid

The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani's empire may still extend declines to the 85% downside flagged by Hindenburg Research

Adani group shares extend fall; Adani Total Gas tanks 79% in one month

Adani Power (Rs 162.60), Adani Transmission (Rs 788.75), Adani Total Gas (Rs 834.95), Adani Green Energy (Rs 539.30) and Adani Wilmar (Rs 390.35) were locked at 5 per cent lower circuit today

Adani credit facilities expose collateral web full of red flags

Since short-seller Hindenburg Research published its critical report on Jan 24, investors have responded to its allegations of fraud and market manipulation by selling Adani shares

Adani Enterprises to freeze capital expenditure in new road projects

It will focus instead on completing existing ones, before committing fresh investments

Adani Group denies reports of hiring Grant Thornton for audits amid crisis

Adani Group | Grant Thornton: Media reports suggested that embattled Adani Grpup had appointed accountancy firm Grant Thornton for an independent audit of a few of its companies in a bid to come clean

Top headlines: ALT's ESG rating under review, Srei group resolution & more

Business Standard brings you the top headlines at this hour

Most of Adani group firms close higher; Adani Enterprises rises 1%

Most of the Adani group stocks closed higher with the flagship Adani Enterprises settling higher by 1 per cent on Wednesday, a day after the conglomerate asserted that its balance sheet is "very healthy". At close, six of the group firms were in the green while four were in the red. "The market cap of Adani group companies continued to fall, down 1.5 per cent on February 15, even as 4 out of 10 conglomerate's stocks ended in the negative. "The combined market valuation of the group is now down 54.9 per cent as compared to that on January 24," Deepak Jasani, Head of Retail Research at HDFC Securities, said. On BSE, Adani Enterprises shares surged 1.61 per cent to close at Rs 1,778.45 apiece, with a market valuation of Rs 2.02 lakh crore. Shares of NDTV jumped 4.70 per cent to settle at Rs 197.20 per share. During the day, the scrip zoomed 5 per cent to touch Rs 197.75 -- its upper price band on the bourse. Besides, Ambuja Cements soared 2.36 per cent to close at Rs 344.60, ACC ro

ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900

CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.

Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore

Adani Enterprises Q3 results: The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22

Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit

For Q3FY23, Adani Enterprises' consolidated profit after tax (PAT) came in at Rs 820 crore as against a loss of Rs 12 crore in the same quarter last fiscal (Q3FY22)

Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results