ADANI GROUP STOCKS
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.
Adani Enterprises likely to launch Rs 800-crore public bond issue on Sept 4
Adani Enterprises plans to launch a public bond issue worth ₹800 crore on September 4. The issue, managed by the Trust Group, AK Capital, and Nuvama Wealth Management, has a base size of ₹400 crore and an option to keep another ₹400 crore under the green shoe option. The bonds are expected to be rated A+.
Billionaire Adani's Mumbai slum revamp struggles to secure land in potential setback
Billionaire Gautam Adani's joint venture encountered difficulties in acquiring land to rehouse residents of Mumbai's Dharavi slum. Although they secured a $619 million redevelopment bid, securing additional land for those not eligible for free homes remains challenging, which could delay the ambitious project timeline.
Why this Adani bull is raising its bet on Ambuja Cements
Ambuja Cements, owned by Adani Group, saw an investment boost from GQG Partners, increasing their stake to 2.04%. Shares rose 4% following the deal. The Adani Group plans to raise Rs 30,000 crore by selling shares in its listed firms. Adani is aggressively expanding its cement business to challenge market leader UltraTech.
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.
Will the upswing continue in real estate stocks? Sandip Sabharwal explains
Yes, essentially, valuations are high. But the markets also see that there is a monetary easing cycle around the corner, so I think that is creating a push and pull. On top of that, we have huge promoter and private equity sales coming up.
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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.
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.
Reliance Power shares surge 21% in 4 days. Here’s why
Reliance Power Share Price: Reliance Power's stock rose by 21.5% in four days, reaching Rs 36.17, amid talks of Adani Power acquiring its Butibori Thermal Plant for Rs 2,400 crore to Rs 3,000 crore. The move would support Adani's expansion plans amid rising electricity demand in India. Adani Power shares remained stable at Rs 698.45.
Hindenburg gambit: What once seemed like financial activism is now blatant interference in India’s economic sovereignty
The Hindenburg saga is a stark reminder of the complex interplay between global finance, political interests, and national institutions. While short-selling and investigative financial research have their place in maintaining market integrity, this affair raises critical questions about the potential for abuse and manipulation. We are likely to see more such episodes and it’s important for investors to be aware of this.
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.
MSCI ignores Hindenburg to remove freeze on Adani stocks from coverage list
MSCI stated it will lift the freeze on Adani stocks from the August 2024 Index Review. This will involve updates in the Number of Shares, Foreign Inclusion Factor, and Domestic Inclusion Factor for the Adani Group. Regular corporate event implementations will commence on September 2, 2024. MSCI continues to monitor Adani Group and associated securities.
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%.
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.
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.
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.
A band of conspirators have gotten together to damage India's stock market; Hindenburg has got a credibility crisis: Mahesh Jethmalani
Senior Supreme Court advocate and BJP Rajya Sabha MP Mahesh Jethmalani has criticized US-based Hindenburg Research for targeting India's stock market and SEBI Chairperson Madhabi Puri Buch without accountability. Jethmalani claims Hindenburg’s accusations, based on third-party reports, aim to destabilize India's economy, particularly the Adani Group. He urged the Indian government to address these conspiracies and suggested Buch pursue legal action against Hindenburg for defamation. The Adani Group and Buch have dismissed Hindenburg’s allegations as baseless and manipulative, with the Supreme Court previously clearing Adani of similar charges.
Hindenburg vs Sebi clash: How Sensex, Nifty and Adani stocks may react on Monday morning
Sensex and Nifty may see minor corrections due to new claims by Hindenburg against Sebi chief Madhabi Puri Buch's family in the Adani controversy. Market experts advised caution while awaiting more details. Both the Buch family and the Adani Group refuted the allegations, with the latter calling them a desperate attempt lacking substance. Sebi has told investors to remain calm.
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.
Hindenburg vs Sebi: Madhabi Buch-linked IPE-Plus Fund says never invested in Adani shares
360 ONE Asset Management stated that its IPE-Plus Fund 1 did not invest in Adani shares. Operating from 2013 to 2019, the fund focused on bonds and had minimal investor participation. Allegations from the Hindenburg report involving Sebi chief Madhabi Buch were refuted by both the Buch family and 360 ONE WAM.
Hindenburg allegations are red herrings thrown by discredited short-seller: Adani Group
The Adani Group issued a statement rejecting new claims involving Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case. The group denied any commercial relationship with them and described the allegations as baseless, manipulative, and recycled. The Supreme Court had previously dismissed similar allegations in January 2024.
Hindenburg vs Sebi among 6 factors to dictate Nifty mood this week
While there are no fresh allegations against the Adani Group, the shares of which recouped losses made in the aftermath of the Hindenburg crisis, the new report may impact investor sentiments.
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%.
Adani Energy set to raise up to $1 billion via QIP
This will be the first equity fundraising by an Adani Group company since Adani Enterprises called off its ₹20,000 crore follow-on public offer (FPO) in February last year after having raised the amount.
FIIs hit sell button on 9 Adani stocks but LIC bullish on 2 underdogs
FIIs sold stakes in nine Adani stocks, capitalizing on a price rebound during the June quarter, while LIC increased its investments in Adani Energy and Adani Enterprises. Mutual funds and retail investors demonstrated varied preferences across Adani stocks. Adani Ports emerged as a top performer in 2023 after recovering Hindenburg-era losses, showcasing strong financial health and reduced debt levels.
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg
US-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right to Information (RTI) request to obtain the names of Sebi employees involved in both the Adani and Hindenburg matters.
Hindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani saga
Adani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by Sebi regarding Adani Group's short bet led to minimal gains, highlighting challenges foreign investors face under Indian securities rules. The short seller also stated that Kotak Mahindra Bank created and oversaw an offshore fund structure used by its "investor partner" to bet against the conglomerate, providing new details of trades that puzzled investors.
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