
Adani Enterprises terminates deal to buy road projects worth ₹3,110 cr
Gautam Adani-led conglomerate last year signed a deal to acquire a 100% stake in Swarna Tollway Pvt Ltd and 56.8% Gujarat Road and Infrastructure Company Ltd
Gautam Adani-led conglomerate last year signed a deal to acquire a 100% stake in Swarna Tollway Pvt Ltd and 56.8% Gujarat Road and Infrastructure Company Ltd
Macquarie retains an 'underperform' rating on the stock with a target price of ₹450, implying a potential downside of 46%.
The brokerage retains its 'underperform' rating on the stock.
The stock has tanked over 66% from its issue price of ₹2,150 in less than four months.
The stock fell 5.89% to ₹1,159 on the National Stock Exchange on Monday as the foreign brokerage slashed its target price on the stock by around 25% to ₹900.
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.
Thursday was an eventful day for the crisis-hit lender owing to merger-related speculations, but it ended with crippling the private bank’s most unsuspecting stakeholders—its depositors.
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.