The Adani Group is a diversified Indian conglomerate comprising 10 publicly traded companies. It was founded by Gautam Adani in 1988 as a commodity trading business and has since grown to become one of the largest conglomerates in India.
The group operates in various industries such as agribusiness, resources, logistics, and real estate, and is known for its large-scale infrastructure projects, including developing ports, airports, and power plants.
Listed below are the stocks of Adani Group in which FIIs have increased their stake during Q3FY24:
Adani Enterprises Ltd
With a market capitalization of Rs. 3,29,979 crores, the shares of diversified business started Thursday’s trading session on a flatter note at Rs. 2,903. During the trading session, the shares hit a high of Rs. 2,926.35, gaining around 1 percent and closed the day at Rs. 2,893 apiece.
Foreign Institutional Investors have increased their stake by 0.13 percent from 14.52 percent during the September quarter to 14.65 percent in the December quarter. According to the latest shareholding pattern, Promoters have a 72.61 percent stake in the company, while DIIs hold 5.44 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue decreased by 12 percent from Rs. 25,438 crores during the June quarter to Rs. 22,517 crores in the September quarter.
In addition, the net profit declined by 50 percent from Rs. 677 crores to Rs. 333 crores during the same period. Furthermore, the company is set to announce its October-December results on 1st February.
Ambuja Cements Ltd
With a market capitalization of Rs. 1,11,295 crores, the shares of cement manufacturing started Thursday’s trading session on a higher note at Rs. 530. During the trading session, the shares hit a high of Rs. 566, gaining around 7 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 560.15 apiece.
Foreign Institutional Investors have increased their stake by 0.23 percent from 11.65 percent during the September quarter to 11.88 percent in the December quarter. According to the latest shareholding pattern, Promoters have a 63.19 percent stake in the company, while DIIs hold 15.56 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue decreased by 15 percent from Rs. 8,713 crores during the June quarter to Rs. 7,424 crores in the September quarter.
In addition, the net profit declined by 13 percent from Rs. 1,135 crores to Rs. 987 crores during the same period. Furthermore, the company is set to announce its October-December results on 31st January.
Adani Ports and Special Economic Zone Ltd
With a market capitalization of Rs. 2,47,692 crores, the shares of the port development company started Thursday’s trading session on a higher note at Rs. 1,122. During the trading session, the shares hit a high of Rs. 1,55.75, gaining around 3 percent, and closed the day at Rs. 1,146.30 apiece.
Foreign Institutional Investors have increased their stake by 0.89 percent from 13.83 percent during the September quarter to 14.72 percent in the December quarter. According to the latest shareholding pattern,
Promoters have a 65.89 percent stake in the company, while DIIs hold 12.01 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue increased by 6 percent from Rs. 6,248 crores during the June quarter to Rs. 6,646 crores in the September quarter.
On a contrasting note, the net profit declined by around 17 percent from Rs. 2,119 crores to Rs. 1,762 crores during the same period. Furthermore, the company is set to announce its October-December results on 1st February.
Written By Vaibhav Patil
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