ADANI
6 Adani stocks, LIC, and 3 PSUs slip below 20 & 50 DMAs: What should investors do?
Despite 77% of Nifty 100 stocks trading above their 20-day DMAs and 63% above their 50-DMAs, 16 stocks, including six Adani Group stocks and several PSUs, have fallen below both moving averages. According to Ace Equities data, this indicates generally favorable trends for large-cap stocks.
Market Wrap: Nifty hits record closing high, Sensex closes in on peak as IT stock gains extend D-Street rally
Benchmark equity index Nifty50 hit a record peak of 25,129.6 on Wednesday, slightly closing higher than the previous day, driven by gains in IT stocks. Sensex closed at 81,785, gaining 74 points. LTIMindtree, Wipro, Divi's Labs, Bharti Airtel, and Infosys were top gainers, while Maruti Suzuki and Asian Paints lagged.
Adani bull GQG hikes stake in GMR Airports to over 5%
US-based GQG Partners has increased its stake in GMR Airports Infra from 4.74% to 5.17%. GMR Airports Infra shares, which gained 58% in the past year, continue to attract attention. Jefferies also recently added GMR to its portfolio, highlighting the company's growth potential.
Powell's rate cut hint fuels 612-point Sensex rally, market cap swells by Rs 2.3 lakh crore
The stock market rallied, pushing the Sensex up by 612 points and the Nifty above the 25,000 mark. This surge was primarily fueled by strong performances in the financial and IT sectors, with major players like HDFC Bank, Reliance, ICICI Bank, NTPC, HCL Tech, Infosys, and TCS leading the charge. However, some stocks like Adani Ports, Maruti, Kotak Bank, and Nestle India saw declines.
Sensex gains 700 points; Nifty reclaims 25K as Powell's dovish remarks uplift investor mood
The Sensex and Nifty50 rose on Monday, buoyed by gains in financial and IT stocks after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming interest rate cuts. Major gainers included Tech Mahindra and TCS, while sectors such as IT and Financial Services saw growth. Conversely, FMCG and Pharma sectors experienced declines.
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Reliance Power shares hit 5% lower circuit after Sebi ban on Anil Ambani
Shares of Reliance Power fell by 5% after Sebi barred Anil Ambani from the securities market for five years, citing fund siphoning from Reliance Home Finance.
Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%
The Adani Group, led by billionaire Gautam Adani, sold 2.8% of its stake in Ambuja Cements for Rs 4,200 crore, prompting a 4% rise in the stock. The group now holds a 70.33% stake in the company. Ambuja recently acquired Penna Cement at an enterprise value of Rs 10,422 crore, boosting its market share in southern India.
Adani Group likely to sell 2.84% in Ambuja Cements for Rs 4,200 crore
Adani Group is set to sell a 2.84% stake in Ambuja Cements on Friday to raise approximately ₹4,200 crore through a block deal. The shares will be sold at a floor price of ₹600 each, a 5% discount to Thursday's closing price. Adani Group's current stake in Ambuja Cements stands at 70.33%.
Stocks in news: Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro
Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro, along with other notable companies will be in focus due to significant news, including stake sales, GST orders, acquisitions, partnerships, and bonus issues.
Rebalancing act: Adani Group's promoters to sell ₹30,000 crore stake in listed companies
The promoters will pare stakes in some listed firms while increasing them in others, according to people with knowledge of the matter. The final aim of this rebalancing exercise is to hold 64-68% stake across firms. The stake sale will begin with Ambuja Cement and Adani Power while the holding will be increased in Adani Green Energy.
Adani Group to sell shares worth Rs 4,200 crore in Ambuja Cement on Friday
The Adani Group plans to sell a 2.84% stake in Ambuja Cements through a block deal, aiming to raise Rs 4,200 crore. Holderind Investments, an Adani Group entity, will sell nearly 70 million shares at Rs 600 per share, a 5% discount to the recent closing price.
Adani portfolio sees 50% growth in profit in June quarter, operating profit up 33%
Adani group's June quarter profit soared by more than 50%, aided by strong performances in its utility and infrastructure sectors. Net profit was Rs 10,279 crore, with the majority of EBITDA from these areas. Utility operations grew by 41.44%, while infrastructure expanded by 70%. Adani Cement experienced a profit drop of over 30%.
Inclusion of 7 stocks in MSCI indices could draw $3 billion
India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven cos joined the global standard index, boosting India's weight in the emerging markets index to 20%.
Anti-Hindenburg pill? Adani stocks rally up to 6% on MSCI good news
Adani Group stocks rallied up to 6% following MSCI's decision to lift previously imposed restrictions due to Hindenburg's allegations. MSCI announced the implementation of index review changes from August 2024, which provided relief to Adani. Despite accusations against Sebi chief Buch, the market response was muted, with Sensex and Nifty ending marginally lower.
Fresh Hindenburg allegations trip Adani stocks, some fall up to 7%
After the initial drop on Monday, some Adani stocks recovered later in the day. Adani Wilmar, Adani Total Gas, and Adani Energy Solutions ended about 4% lower, while NDTV, Sanghi Industries, and Adani Port fell between 2% and 3%.
Hindenburg blackmail plan falls apart, says Vijay Kedia
Investor Vijay Kedia shared his view on the dispute between Hindenburg Research and SEBI chief Madhabi Puri Buch. Hindenburg claimed that Buchs held stakes in offshore funds tied to Adani Group.
What Hindenburg 2.0? Sensex, Nifty end margianlly lower as impact limited to Adani stocks
Nifty and Sensex ended Monday marginally lower despite a volatile market, overlooking a new Hindenburg report accusing SEBI chief Madhabi Puri Buch of misconduct. Adani stocks dropped up to 4% following the report. Meanwhile, global markets remained calm, crude oil prices climbed, and the rupee reached a record low against the dollar.
Emkay Global initiates coverage on Adani Green, projects 43% upside potential
Stating that Adani Green Energy’s (AGEL) RE capacity would see >30% CAGR during FY24-30, domestic brokerage firm Emkay Global initiated coverage on the stock with a buy rating and a target price of Rs 2,550.
Rs 53,000 crore loss! Adani stocks fall up to 7% as investors play safe after Hindenburg resurfaces
Adani Share Price: Shares of Adani Group companies dropped up to 7% this morning as investors reacted to allegations against Sebi chief Madhabi Buch in the Adani vs Hindenburg controversy. This led to a loss of approximately Rs 53,000 crore, with the combined market capitalization of 10 Adani stocks falling to Rs 16.7 lakh crore.
Coal India, Adani Ports could give 13-20% return in next 1 year
In 1QFY25, the Nifty index showed a 16% earnings growth. Major contributors included HDFC Bank and Tata Motors, while BPCL and JSW Steel underperformed. Coal India and Adani Ports are expected to offer 13-20% returns over the next year, driven by strong operational growth and strategic positioning
Stock Radar: Adani Energy shows signs of bottoming out after 18% fall in August; time to buy?
Adani Energy experienced an 18% drop in stock price over five sessions but found support above 200-DMA. Experts advise high-risk traders to consider buying for a potential recovery to 1,400 levels within 1-2 months, supported by favorable technical indicators signaling a potential bounce back.
Stocks in news: IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks
Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.
Invested in IPE-Plus Fund for childhood friendship, money didn't go to Adani: Sebi chief Madhabi Buch
Sebi Chairperson Madhabi Puri Buch clarified allegations from Hindenburg about investments in an Adani-linked offshore fund. Buch revealed that the investment was influenced by her husband's childhood friend Ahuja's previous role. She denied any Adani-related investments and provided details about their professional background and financial disclosures.
Gautam Adani, family raise 2.06% stake in Adani Power in 9 months
Ardour Investment Holding acquired a 0.69% stake in APL between November 17, 2024, and August 6, 2024. Meanwhile, Emerging Market Investment increased its stake in the company by an additional 1.13% between June 12, 2024, and August 5, 2024. As of the quarter ending in June, Ardour Investment Holding held 2.53% of APL, while Emerging Market Investment's stake was 6.57%.
INQ Holdings, SBI funds, Citigroup biggest buyers in Adani Energy's $1 billion QIP
The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solutions Ltd (AESL), which closed last week, saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Billionaire Stanley Druckenmiller's family office-led investment firms were among the companies that sought shares of AESL in the QIP.
Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz
Adani Wilmar's shares rose 6.4% after Adani Enterprises announced the demerger of its food FMCG business. The company posted a consolidated net profit of Rs 313.2 crore for Q1 2024, contrasting a loss the previous year. Revenue increased by 9.6% year-on-year, with notable growth in the Edible Oils and Food & FMCG segments.
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