
Most Adani group stocks ended higher for 4th straight session; m-cap rises to ₹10.91 lakh cr
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.
Adani Enterprises topped the chart by falling over 5%, followed by Adani Ports, Adani Energy Solutions, Adani Power, Ambuja Cements, among others.
“The grounds advanced by Deloitte for resignation as statutory auditor was not convincing or sufficient to warrant such a move,” says Adani Group Company.
The Adani group company's revenue from operations increased 24% year-on-year ₹6,248 crore from ₹5,058 crore in the year-ago period
Adani Green Energy was the best performer among the group stocks with 15.58% increase in market cap, while NDTV was the least performer with 0.61% rise in value.
Adani Enterprises stock jumps 17% in intraday trade to ₹2,303.50 apiece on the NSE.
The board of APSEZ will meet on April 22 to consider partial buyback of its rupee or U.S. dollar denominated debt securities in the current fiscal.
The liquidity position at all Adani Group rated entities or restricted groups would benefit from cash flow generation from January 2023 to March 2024, says Fitch.