The promoters of the Adani Group have prepaid ₹ 9,250 crores ($1.1 billion) of debt backed by shares on Monday, 19 months ahead of their maturity in September 2024. This prepayment will release the pledge from three companies — Adani Ports and SEZ, Adani Green Energy and Adani Transmission. “In light of recent market volatility [...]
The shares of Adani Group stocks extended their bloodbath on Thursday as well with various stocks hitting their lower circuit limits again. The shares of the group’s flagship company Adani Enterprises fell as much as 30% to hit their 52-week low of Rs 1,494.75 per share. Similarly Adani Power (down 5% to Rs 202.05), Adani [...]
Amid the broad news around Union Budget 2023, the shares of Adani Group firms extended their blood bath falling up to 30% on Wednesday. This is despite the fact that Adani Enterprises cleared the hard test of FPO by receiving a 100% subscription. As of 15:00 IST, the flagship Adani Enterprises was down a whopping [...]
Hindenburg Research in its recent report, aimed at exposing the Adani Group, by alleging that it was involved in brazen fraud and stock manipulation. A conclusion has not been arrived at yet, customers should know that state entities like the LIC and SBI have also made liberal investments in the group. The share prices of [...]
Seven listed companies of the Adani Group suffered a bloodbath this week after American short-seller Hindenburg Research said that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. Its research report accused the conglomerate of participating in brazen stock manipulation and accounting fraud schemes over decades. Following the news, [...]
Hindenburg Research, an American investment research firm, has made some serious allegations against the Adani group. In its report, the firm alleged that the Adani Group is pulling the “biggest con in corporate history”. The report also alleged that the company is engaged in a “brazen stock manipulation and accounting fraud scheme”. It has accused [...]
Ahead of the ₹ 20,000 crores follow-on-public offer, the share prices of Adani Group companies suffered deep cuts. They were trading in the red, following a negative report by Hindenburg Research, an American short-selling firm, saying that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. The shares of [...]
The shares of PTC India Ltd hit an upper circuit of 5 percent at Rs 87.40 levels on Monday’s session. The shares rallied after word hit the street that Gautam Adani is eyeing to buy a stake in the small-cap power trading company, Bloomberg reported. As per reports, the deal would help the Adani group [...]
The shares of Orient Cement shot up 21% in the past two days amid news that the Adani Group is eyeing a stake in the company. Its shares shot up from ₹ 123 levels to reach a high of ₹ 148.70 on Wednesday. The news appeared on www.tradingview.com dated January 3, 2023 quoting "Adani Group [...]
The shares of Ambuja Cements gained marginally on Tuesday and were trading at Rs 587 levels. In the past five days, the stock has gained approximately 3 per cent during which it also reached its 52-week high of Rs 598. In the past six months, the stock has gained 62 per cent and on a [...]
