Page 10 - Adani Ports

Adani Group market cap jumps to 3-month high, adds Rs 45,200 cr on Friday

Billionaire Gautam Adani's ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in the group. The overall market capitalisation of the 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday, stock exchange data showed. The market capitalisation stood at Rs 10.51 lakh crore at close on Thursday. Market experts say the rise in the stock price is due to an increase in interest from global investors even as investors put the recent issue of Deloitte behind. "Over the last few days, there was consolidation in the Adani Group stocks. The market has analyzed the developments and emerging data points. "Additionally, with fundraising remaining robust at the group level and project execution proceeding without a hitch, there's a strong sentiment of confidence in the group's operational capabilities. The stocks are poised for gains in the

Adani Group stocks gain as GQG Partners ups its wager; Adani Ports up 4.5%

The stake was purchased from Adani group promoter entities Worldwide Emerging Market Holding and Afro Asia Trade and Investments

Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

Adani group stocks fall as Deloitte resigns as auditor for Adani Ports

Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. Shares of Adani Enterprises tanked 5.41 per cent, Adani Transmission fell by 4.77 per cent, Adani Power declined by 4.23 per cent, Ambuja Cements dived 4 per cent and Adani Ports skidded 3.70 per cent on the BSE. The stock of Adani Green Energy declined by 3.22 per cent, Adani Wilmar (3.14 per cent), Adani Total Gas (3 per cent), NDTV (3 per cent) and ACC (2.23 per cent). In the equity market, the 30-share BSE Sensex quoted 335.61 points down at 64,987.04. The resignation came weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research. In a statement, Adani Ports & Special Economic Zone ...

Adani Group shares under pressure; Adani Ports, AEL slip up to 5%

Securities and Exchange Board of India is set to submit to the Supreme Court its report on the allegations made by US-based Hindenburg Research against the Adani Group.

Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon

Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.

Deloitte, Adani Ports & SEZ spar over Hindenburg Research's claims

Had sought external examination of Hindenburg's allegations: Deloitte

Deloitte quit after not getting auditorship of other group companies: APSEZ

Deloitte was not willing to continue as APSEZ's statutory auditor and, therefore, it was agreed to amicably end the client-auditor contractual relationship

Adani Ports auditor Deloitte plans to resign after flagging concerns

The Adani Group has previously said it's compliant with Indian laws and welcomes Sebi's investigation

Adani Ports & SEZ total cargo volumes jump 7% YoY to 34 MMT in July

The company's logistics volumes continue to record significant jump with year-to-date (YTD) rail volumes of 178,689 TEUs

APSEZ reports 11.5% jump in total cargo volumes in April-June quarter

The cargo handling in June was, however, lower at 32.8 MMT as compared to 36 MMT in May

Adani Airports wants to fly higher; seeks higher stake in Mumbai airport

Adani Airports Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%

Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680

Deloitte flags Adani Port transactions citing 'insufficient disclosures'

It's the first time that a top auditor has issued a qualified opinion on part of the empire's books citing allegations from the US short seller report that has wiped more than $100 bn off the group

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

Adani Ports fourth-quarter profit takes hit from Myanmar port sale

Adani Ports had earlier this month said it sold its sanction-hit Myanmar port for $30 million, significantly lower than its investment in the project

Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine

CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.

APSEZ sets new record, handles highest ever rail cargo of 121 MMT in FY23

In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways

Adani Group shares trade weak in a firm market; decline up to 5%

In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.