In a letter to Adani Enterprises investors, Gautam Adani said group is in sync with India's goal of becoming world's top renewable players, group itself aims to be world's largest solar power producer
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
While Adani Enterprises shares went up by 8.76% to close at Rs 1487.85 a share, APSEZ stock was up by 7.39% to close at Rs 694.60
NSDL has already clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen
Shares of Adani's firms nosedived Monday after a local media report said accounts of these funds - owning about $6 billion of shares across the conglomerate - were frozen by NSDL
Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
Shares recoup some losses after company, NSDL, FPIs deny report
The Adani group has five listed entities, and the median number of analysts covering the group is one, lower than that of other large groups
Group's listed stocks' P/E of 102x over three times Sensex's 33x
Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have investment in a number of domestically listed firms besides the Adani group firms
Shares of all six companies - Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas and Adani Transmission - hit their respective lower circuits in intra-day trade today
Adani Cement will manufacture, process all types of cements
At 01:34 pm, Adani Enterprises was up 6.5 per cent at Rs 1,683.6, with a market capitalisation (market-cap) of Rs 1.85 trillion, the BSE data shows
The firm surpassed its previous high of Rs 1,335, touched in January 2008, before the restructuring of its businesses
M&M said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to the year-ago period due to the second wave of the coronavirus
Adani Enterprises on Wednesday reported 282.2 per cent rise in consolidated net profit at Rs 233.95 crore for the quarter ended March 31, 2021.
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
MPL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on Monday
Analysts say the up move in shares of three Adani companies is below the threshold set by MSCI for defining 'extreme price increase'