
LIC is making 45% profit on Adani investment
LIC has invested ₹31,200 crore in Adani Group companies that have touched ₹45,481 crore or 45% above the cost price by May 23
LIC has invested ₹31,200 crore in Adani Group companies that have touched ₹45,481 crore or 45% above the cost price by May 23
The Adani group company has declared dividend of ₹2.50 per equity share having a face value of ₹2 each (125%) for the financial year FY23.
Adani Enterprises will move out of the short-term additional surveillance measure (ASM) framework of the National Stock Exchange with effect from March 8
ACC and Ambuja Cements will resume operations at the Gagal and Darlaghat plants in Himachal Pradesh from today.
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
Shares of all other Adani group stocks, barring the gas arm, rose on Wednesday, led by Adani Enterprises which gained more than 12% in early trade.
Ambuja Cements has reported an increase in its profit for the first time after being acquired by the Adani Group last year from Holcim Ltd.
Adani Enterprises and Adani Wilmar shares were locked in their respective 10% and 5% upper circuit limit on the BSE. Adani Port, ACC, and Ambuja Cements rose up to 9%.
The selloff in Adani Group stocks continued on Thursday, wiping off $108 billion from the conglomerate's market capitalisation in a week.