ADANI STOCKS
Adani Power shares decline 1.03% as Sensex climbs
A total of 91,872 shares changed hands on the counter till 01:15PM (IST)
Gautam Adani family wealth surges 95% in 1 year to Rs 11.6 lakh crore: Hurun Rich List
Despite negative publicity from the Hindenburg report, Gautam Adani’s family wealth surged by 95% to Rs 11.6 lakh crore over the past year, adding Rs 5,65,503 crore, according to the 2024 Hurun India Rich List. As a self-made entrepreneur, Adani achieved the highest wealth growth among the top 10 over the past five years, increasing his net worth by Rs 10,21,600 crore despite the Hindenburg crisis.
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 Equity 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.
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.
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.
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.
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.
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.
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.
ET Prime Exclusive: StockTalk Special, 9 AM to 12 PM, Monday, an expert answers all your questions on the day of volatility
With the volatility hitting the market it is human to face a situation where some or maybe even all of these questions may come to your mind. Should I buy the dip? Should I sell my stocks? Will the market fall further? Which stocks should I continue to hold? Which stock to buy today? To answer these questions, get advice from SEBI registered experts in a 3-hour StockTalk special. An ET prime member exclusive.
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%.
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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