Adani group stocks traded mixed on Wednesday after a Reuters report said the U.S. SEC sought India’s help in its fraud probe against Gautam and Sagar Adani. While some stocks fell, others saw modest gains.
Adani Energy Solutions announced that its transmission network length increased to 26,485 ckm in Q3, a significant rise of nearly 23% year-over-year
Adani Enterprises announced its decision to exit its joint venture stake in Adani Wilmar in December 2024.
Indian equity market closed one percent higher after a gap-up opening on Friday but failed to sustain above the short-term moving averages (10 and 21-day EMA), which coincides with the 24,400 mark. This is a crucial level to watch for further upside towards 24,700, the upper end of the bearish gap created on August 5. If the index fails to close and sustain above 24,400, consolidation may continue with support at the 24,100-24,000 zone, according to experts. The Nifty 50 finished the week 1.4 percent down at 24,368. This morning GIFT Nifty is hinting at a mildly negative start. Investors will be watching out for any reaction to the Hindenburg allegations against SEBI chief Madhabi Puri Buch and her husband saying that they had stakes in offshore funds used by the Adani group. Among stocks in focus, watch out for Adani Group stocks, Jubilant Foodworks, Honasa, Bharat Dynamics and Mazagon Dock. Catch Nandita Khemka in conversation with Kunal Rambhia—Fund Manager, The Streets.
The statement comes after a media report claimed that the group was looking at a potential sale of its stake to free up capital for its core business
While Life Insurance Corporation marginally increased stakes in four Adani group companies, retail investors went big on eight Adani firms
According to the data with depositories, FPIs have pumped in a net sum of Rs 7,396 crore in Indian equities in March.
In two separate circulars, the bourses said these securities will continue in the framework but will be moved from respective lower stage ASM from March 27.
LIC holds shares in seven out of the 10 listed companies of the Adani Group. The shareholding ranges from 1.28 per cent in Adani Green Energy Ltd to 9.14 per cent in Adani Ports & SEZ Ltd, according to information available on stock exchanges.
The Sensex, which doesn’t have any Adani stocks among its 30 constituents, is less than 4% away from a record high reached in December
The Ahmedabad-based Adani Group has been hammered after American short-seller Hinderburg Research accused it of accounting fraud and stock manipulation
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All Adani group firms ended 2-28 percent lower, eroding around Rs 1.85 lakh crore in market cap, at the close of the market hour on February 1. Since last week, the group lost around Rs 7.44 lakh crore in market value
Insurance behemoth says its exposure in the Adani group amounts to 0.975 percent of the total assets under management. Also, the credit rating of all of Adani's debt securities are ‘AA’ and above, and, hence, LIC’s investments comply with IRDAI norms.
Industrialist Gautam Adani has added $43 billion to his wealth in 2022, a stellar spike of 56.2% in his portfolio
Here's a good look at why India's largest private ports and logistics company is going for the marine services provider.