MUMBAI: Billionaire Gautam Adani-controlled Adani Group has infused Rs 6,661 crore in Ambuja Cements and raised its stake by 3.6% to 66.7%, a company release said. Harmonia Trade & Investment, an arm of the group, converted 21.2 crore warrants into shares at the rate of Rs 314 per share. In Thursday’s strong market, Ambuja Cements … Read more
Amid reports that US prosecutors have widened their probe of Adani Group, the conglomerate’s several dollar bonds fell the most in more than half a year while share prices also fell up to 8%. A note from unit Adani Ports & Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
Adani Group stocks plunged up to 13% on Wednesday, erasing nearly Rs 90,000 crore from the combined market capitalisation of the 10 listed stocks. The top loser in the day’s trade was Adani Green Energy, which lost 13% to hit the day’s low of Rs 1,650 on the NSE. It was followed by Adani Total … Read more
Unfazed by the rally in Adani Group stocks, top NRI investor Rajiv Jain, who runs Florida-based GQG Partners, has increased holding in six counters of the conglomerate which is trying to rebuild reputation tarnished by an explosive report by Hindenburg. The holding of GQG Partners in Adani Enterprises rose 21 bps to 2.95% while in … Read more
Ambuja Cements Ltd, controlled by billionaire Gautam Adani, said it will invest 60 billion rupees ($723 million) to build 1,000 megawatt of renewable power projects as the Indian conglomerate seeks to move rapidly toward its net zero goals. The Mumbai-based cement maker, which the Adani Groupacquired from Holcim Ltd last year, will be funding this … Read more
Indian headline indices hit fresh lifetime highs on Friday ending with weekly gains of 2.7% on a dovish pivot by the US Fed. The biggest gainers were IT and bank stocks. Nifty hit a new lifetime high of 21,492.30 before ending the session at 21,456.65, up 273.95 points or 1.29%. The 30-stock S&P BSE Sensex … Read more
Party for Adani Group stocks extended to the fourth day as nine out of 10 stocks traded in the green with Adani Green Energy and Adani Total Gas rising by 16%. Nifty constituents Adani Enterprises and Adani Ports and Special Economic Zone were the top index gainers in the early trade as they rose 6% … Read more
Indian market is likely to trade higher on Wednesday tracking positive global cues. The Nifty50 closed above 20,800 levels on Tuesday. Nifty future closed positive with gains of 0.74% at 20953 levels. Positive setup was seen in stocks like Adani Enterprises, Adani Ports, ACC, Ambuja Cements, Power Grid, NTPC, MCX, JK Cement, HDFC AMC, Trent, … Read more
A stellar 30% gain in two sessions saw the market capitalisation of the Adani Group stocks top the Rs 13 lakh crore mark on Tuesday. This is the first time that the group’s shares touched the Rs 13 lakh crore mark after facing a decline earlier this year following a report by American short-seller Hindenburg … Read more