CLSA has maintained its ‘buy’ rating on the Adani Group company and hiked its target price to Rs 878 from 792. Meanwhile, Nomura has also retained its ‘buy’ call on the stock with a target price of Rs 1,025.
In this episode of Market Minutes, Shailaja Mohapatra puts spotlight on why HDFC Life, Adani Ports and Apollo Hospitals should be on your radar today. Also, catch Sonam Srivastava, smallcase manager & Founder of Wright Research in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla and news agencies)
Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani’s conglomerate was targeted by a US short-seller in January.
A pause in interest rate hikes aided recovery in the automobile sector, likely a key growth tailwind for logistics firms in the January-March 2023 quarter.
As 1858 shares advanced, 1548 shares declined, and 125 shares were unchanged. Take a look at the top gainers and losers.
An expected correction is how most players are seeing it, considering that the market had risen nine sessions in a row. The near-term outlook remains cautious
The move is likely aimed at boosting investors' confidence after US short-seller Hindenburg alleged high debt levels and share price manipulation in the stocks of Adani Group of companies
As the group concerns recede, the company's focus on its core business is set to return. The company has provided guidance for double-digit growth in its EBITDA for the fiscal years 2022 to 2024, CLSA has said
In this episode of Market Minutes, Shailaja Mohapatra talks about the Street expectations from Q4 earnings, changes in Adani Ports' shareholding pattern and IRB Infra's March toll collections. Also, catch Amit Premchandani of UTI Mutual Fund in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
As many as 2309 shares advanced, 1,120 shares declined, and 112 shares were unchanged. Take a look at the top gainers and losers.
Adani Ports handled approximately 339 MMT of cargo in FY23, its largest volumes ever, amounting to a 9 percent YoY growth, the company has told exchanges
At 339 million tonne, this is the largest port cargo ever, APSEZ said in a statement.
Adani Ports had 21 ‘buy’ ratings, while Hindalco had 24 such calls, as per Moneycontrol’s Analyst Call Tracker for March.
Karaikal Port's revenue declined between FY20 and FY22, from Rs 414 crore to Rs 247 crore
The National Company Law Tribunal approved the plan for the Adani Group subsidiary to pay 14.85 billion rupees ($181 million) to financial creditors, the company said in a statement.
Most of the senior debt at the Adani group’s rated Indian entities as of end-December 2022 is offshore and largely secured, says Fitch Ratings.
Barring Adani Ports and Adani Enterprises, the two Nifty50 stocks, all other Adani stocks closed higher from the previous day
The Adani group said in an exchange filing that it expects funding for its greenfield coal-to-polyvinyl chloride project to be tied up in the next six months
In spite of much negative news surrounding these stocks, they’re much in favour due to both fundamentals and tailwinds
It has 21 buy calls and zero sell or hold calls, indicating 100 percent optimism on Moneycontrol’s Analyst Call Tracker for February
The revision in outlook is on account of the deterioration in the group's financial flexibility, following a sharp decline in share prices and an increase in the yield of international bonds raised by group entities in the wake of a report published by a USA-based short-seller, Icra said.
CEO of Adani Ports & Special Economic Zone Ltd Karan Adani at the inaugural session of Andhra Pradesh Global Investors Summit 2023. Watch!
Jain is confident that the investment would prove to be a sound trade. “About 25 percent of India’s air traffic passes through their (Adani) airports and 25 to 40 percent of India’s cargo volume goes through their ports,” he tells Australian Financial Review
The major block trade transactions happened in four of the company's subsidiaries--Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission Limited and Adani Enterprises Limited.