Adani Group stocks, including Adani Ports, Adani Enterprises and Adani Green witnessed heavy losses in the range of 5% to 10% on Wednesday. All ten Adani Group stocks were trading sharply lower with the flagship Adani Enterprises shares extending decline for the seventh straight session. Adani Enterprises was the topRead More →
The Supreme Court (SC) is expected to pronounce the judgment tomorrow, January 3, in a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. The top court had reserved its judgment pertaining to the same case in November lastRead More →
India’s giant conglomerates like Reliance Industries Limited and Adani Enterprise were the driving force behind the growth story of the Indian stock market for the last five years. During 2018-23, RIL emerged as the largest wealth creator for the stock market investors, whereas, Adani Enterprises was labelled as the bestRead More →
Adani Wilmar share price fell almost 5 per cent while those of Adani Enterprises rose almost a per cent in early deals on BSE on Thursday amid reports that Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd. As per a Bloomberg report, Adani Enterprises has beenRead More →
Gautam Adani, Chairman of the Adani Group, said that report released by US-based short seller Hindenburg Research was a combination of ‘targeted misinformation and outdated, discredited allegations’ aimed at damaging the conglomerate’s reputation and generate profits. “On the eve of our Republic Day, a US-based shortseller published a report justRead More →
Adani group shares plunged the most by value in four months after Bloomberg reported that US authorities, including the department of justice and the Securities and Exchange Commission (SEC), launched an investigation into the conglomerate’s statements to American investors following short-seller Hindenburg Research’s allegations against it. The combined market valueRead More →
Adani Group is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, according to Bloomberg.Read More →
MSCI Adani rejig: Adani shares had to face heavy route after the Hindenburg Research report raising concern over the debt positioning of Gautam Adani-led companies. However, it seems that Adani group companies have to face another challenge after dropping of two Adani group companies — Adani total Gas and AdaniRead More →
A majority of the Adani Group firms released their Q4FY23 (January-March) results this week, following which it led to volatile shift in the stock prices of the Adani group companies. Analysts feel that several Adani stocks are in a time-wise correction phase or have not had directional movement for aRead More →
Q4 results this week: Amid earnings season, both market observers and retail investors are eagerly waiting for the fourth quarter results of Adani group companies, especially after the Hindenburg Research report raised conern over the debt positioning of Adani group companies. Q4 results of Adani group companies are also importantRead More →
