Adani share price list

  1. Adani Enterprises share price rises 25%, Adani Transmission hits upper circuit as Hindenburg effect dims
  2. Adani Enterprises Shares Rise, Other Group Stocks Extend Losses On Hindenburg Impact
  3. Sweeping sell
  4. Adani Group's wind power project in Sri Lanka to be ready by December 2024: Energy minister
  5. ADEL.NS
  6. 7 Adani stocks fall up to 23%, lose ₹2.83 L cr in m


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Adani Enterprises share price rises 25%, Adani Transmission hits upper circuit as Hindenburg effect dims

Adani Enterprises shares surged 25% today, touching an intraday high of Rs 1965.50 on BSE after a freefall of 54% over the last eight trading sessions in the aftermath of the Hindenburg Research report, which accused the Adani group of manipulating stocks and money laundering. The other shares of the Adani group companies too were broadly trading in the green today. Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45 after the company’s net profit rose 73% on-year to Rs 478 crore, aided by a one-time income of Rs 240 crore from a regulatory order. Adani Ports and Special Economic Zone shares rose 6.35% to Rs 580.70, ahead of its fiscal third quarter results due later today. Adani Green shares rose 2.75% to Rs 912.00; Adani Wilmar shares rose 5% to Rs 399.40; Adani Power Ltd fell 2% to Rs 178.80; and Adani Total Gas slipped 5% to Rs 1467.50. The rise in the Adani stocks follows the announcement made by the group on Monday that it will prepay loans backed by pledged shares across group companies Adani Green, Adani Transmission, and Adani Ports. Adani Green said that the group promoters have posted as much as $1.1 billion of amount towards prepayment of the share-backed facility ahead of its maturity of September 2024. Adani group has released 12% of the promoter holding in Adani Ports; 3% of promoter holding in Adani Green; and 1.4% of promoter holding in Adani Transmission.

Adani Enterprises Shares Rise, Other Group Stocks Extend Losses On Hindenburg Impact

New Delhi: Most Adani group shares extended their sharp falls on Monday as the Indian conglomerate's rebuttal of a U.S. short-seller's criticism failed to pacify investors, driving stock market losses for the companies to $66 billion over three days. Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 4%, but was off initial gains of as much as 10% and significantly below the offer price. Adani, led by Asia's richest man Gautam Adani, has locked horns with Hindenburg Research and on Sunday hit back at the short-seller's report of last week that flagged concerns about its debt levels and the use of tax havens. Adani said it complies with all local laws and had made the necessary regulatory disclosures. Adani Transmission and Adani Total Gas plunged 20% each on Monday, while Adani Green Energy was down 18%. Adani Power and Adani Wilmar were down 5% each, while Adani Ports and Special Economic Zone slipped 0.5%. Adani Enterprises' $2.5 billion secondary share sale entered its second day amid weak investor sentiment. The stock was trading at 2,892 rupees, far below the price band for the share sale of 3,112-3,276 rupees per share. On Friday, the first day of the offer, the issue was subscribed 1% amid a broader fall in shares. Initial data from stock exchanges on Monday showed Adani has now received bids for 687,840, or 1.5%, of the 45.5 million of shares on offer. The deal closes on Tuesday. Foreign and domestic instituti...

Sweeping sell

Premium Sweeping sell-off in Adani stocks, group loses Rs 3.37 lakh crore in market cap Friday's fall comes a day after the Adani Group said it was planning to sue Hindenburg Research, a New York-based investor research firm that specialises in short selling, for its “maliciously mischievous” report. Read in Explained | The sharp decline in Adani stocks also coincided with weakness in broader indices. The BSE Sensex fell sharply by 1,192 points intra-day before closing 1.45 per cent, or 874 points, down at 59,330.90 Friday. The broader NSE Nifty slumped 1.61 per cent, or 287.6 points, to end at 17,604.35. It is learnt that the slide in broader markets, precipitated by the hammering of Adani stocks and bank shares, has triggered some degree of concern within sections of the Government, too, given that this comes just days ahead of the presentation of the Union Budget on February 1. Continuing Wednesday’s fall, Adani Transmission, Adani Total Gas and Adani Green Energy fell 20 per cent each, and Adani Power Ltd and Adani Wilmar ended 5 per cent down each Friday. Adani Ports closed 16.03 per cent down and Ambuja Cements fell 17.16 per cent. The group’s flagship Adani Enterprises (AEL) fell 18.5 per cent and ACC fell 13 per cent during the day. Must read | The hammering of AEL for the second day — after a break in trading Thursday for Republic Day — has raised question marks over the company’s Rs 20,000-crore follow-on public offering (FPO), given that the over 18 per cent sli...

Adani Group's wind power project in Sri Lanka to be ready by December 2024: Energy minister

The renewable energy project to generate 500 MW in Sri Lanka’s north and eastern regions undertaken by India’s Adani Group will be completed by December next year, Energy Minister Kanchana Wijesekara has said. Sharing the progress of the project, Wijesekara on Monday wrote on Twitter, “Progress of the 500 MW Renewable Energy Project in Mannar & Pooneryn was discussed with Anil Sardana, MD & CEO of Adani Transmission Ltd & project management team”.

ADEL.NS

Company Information Adani Enterprises Limited is a holding company. The Company is an integrated infrastructure with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-model logistics, power generation and transmission, gas distribution, and edible oil and agro commodities. Its segments include Integrated Resources Management, Mining, Solar Manufacturing, Airport, and Others. Integrated Resources Management provides end-to-end procurement and logistics services. The Mining segment includes mining service contracts for nine coal blocks with a capacity of approximately 100 plus millinewton (Mn) metric tons per annum. The Solar Manufacturing segment is engaged in the manufacture of solar photovoltaic cells and modules. Airport segment is engaged in the management of airports. Its road, metro, and rail business are engaged in the development of infrastructure projects. Its data centers business is engaged in the development of data centers. About Reuters • About Reuters , opens new tab • Careers , opens new tab • Reuters News Agency , opens new tab • Brand Attribution Guidelines , opens new tab • Reuters Leadership , opens new tab • Reuters Fact Check , opens new tab • Reuters Diversity Report , opens new tab Stay Informed • Download the App , opens new tab • Newsletters , opens new tab Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people...

7 Adani stocks fall up to 23%, lose ₹2.83 L cr in m

Adani Total Gas lost ₹79,788 crore on Friday, followed by Adani Green Energy, which lost ₹57,876 crore, and Adani Transmission that lost ₹52,531.90. The shares of Adani Group companies have been witnessing strong selling post the release of the Hindenburg Research report that alleged a ‘fraud’. The momentum in the basket is on the bearish side, according to analysts. Read all market-related stories here In a report released on Wednesday, Hindenburg Research accused the Indian giant of participating in a decades-long plan to manipulate stock prices and commit accounting fraud. Post the news, seven Adani Group stocks lost ₹46,086 crore in market cap on Wednesday. Also read: Will Hindenburg Research report impact Adani Enterprises FPO? Reacting to the report on Wednesday, Adani Group released a media statement where the company said that it was shocked that Hindenburg Research has published a report without making any attempt to contact the company or verify factual matrix. "The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts," said the company in a report. At 13:00 IST, the shares of Adani Total Gas, Adani Green Energy, Adani Transmission were down 20 percent while Adani Enterprises shares were down 18 percent. Adani Power and Adani Wilmar were down by 5 percent each, and This article was first published on MintGenie