The Benchmark Indices closed in the green on Friday, hitting their all-time high levels, with the Sensex gaining 304 points and closing at Rs 69,826, and, the Nifty 50 index gaining 68 points and closing at Rs 20,969. One of the important developments that probably caused the markets to jump today is after the Reserve [...]
Shares of this Adani group stock closed in green after a well-known brokerage provided a target upgrade seeing a potential upside of nearly 20 percent from the current stock price level. With a market capitalization of Rs 2.20 lakh crores, the stocks of Adani Ports & Special Economic Zone Limited closed at Rs 1,018.65 on [...]
Adani Ports and Special Economic Zone Limited is India's largest port developer and operator, operating India's largest private ports with a network of 12 terminals including the largest container port, Mundra Port, as well as providing Dry Cargo Handling & Storage. The company’s stock closed at a price of Rs 740 on Wednesday, with a [...]
Over the year Nifty 50 has given a 15% return, however, some stocks have underperformed the index which is trading lower than their expected prices and they are unable to outreach the index. Here are three stocks widely influenced by financial and economic downturns. Adani Ports and Special Economic Zone Ltd The shares of Adani [...]
After a massive loss in market capitalization, following the Hindenburg report, Adani group stocks seem to have recovered. Adani Enterprises closed 16.60% higher, while Adani Ports and SEZ settled 9.76% higher. Moreover, the other 5 listed companies of the group hit the 5% upper circuit mark on Friday. Company 1 day returns (%) 5 days returnAdani [...]
Adani Ports and Special Economic Zone’s (APSEZ) share price zoomed 8.91% on Wednesday’s early trades to reach an intraday high of ₹ 602.45 apiece on the National Stock Exchange (NSE). This happened after the company said that it is considering a loan repayment of ₹ 5,000 crores. The company’s shares quoted at ₹ 598.15 apiece [...]
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 Adani Group responded to the allegations made by short-seller Hindenburg Research on Sunday, calling the report a false narrative written with malafide intent and without an understanding of Indian laws. Despite that, most of the Adani group stocks started the week by trading in the red. However, here are 2 Adani group stocks that [...]
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 [...]
