In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades
Given the unprecedented situation and the current market volatility, Adani Enterprises has cancelled its Rs 20,000 crore follow-on-offer (FPO)
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans
Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.
Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.
Adani Ports and Special Economic Zone (Rs 658.45) and Ambuja Cements (Rs 419.25), too, were locked in their respective 10 per cent upper circuits
Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows
As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries
Some of the biggest Adani group backers from the Gulf are likely to be among the largest buyers of the Adani Enterprises' FPO, which is expected to be launched later this month.
Adani Enterprises, the flagship company of Adani Group, was up 3% to Rs 4,057.35 on the BSE in intra-day deal,. It was trading close to its record high level of Rs 4,098.10 touched on November 16
Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.
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A wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd as part of its renewable energy expansion plans. "Adani New Industries Limited (ANIL) on Thursday announced the installation of country's largest Wind Turbine Generator (WTG) in Mundra, Gujarat," a company statement said. The turbine has been installed by Mundra Windtech Ltd (MWL), a wholly-owned subsidiary incorporated by Adani Enterprises Ltd (AEL). This prototype is also the first addition to the portfolio of Adani New Industries Ltd (ANIL) and has laid the foundation for installation of even bigger wind turbine generators, it stated. Milind Kulkarni, Chief Operating Officer (COO), MWL, said, "The proto assembly was completed in a record of 19 days. It is installed, commissioned, and we shall soon go for a type certification now." "This prototype has laid a foundation stone for us to go for
India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals