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
Group's listed stocks' P/E of 102x over three times Sensex's 33x
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
With Rs 1.60 trillion market capitalisation, Adani Transmission replaced Adani Port & SEZ, which had market-cap of Rs 1.57 trillion at 11:13 am.
Moody's Investors Service on Friday affirmed an investment grade rating of Baa3 with negative outlook on senior secured bonds of Adani Transmission Ltd (ATL).
The stock surpassed its previous high of Rs 1,147, touched on April 6
The firm's revenue for fiscal 2021 was down 14% to Rs 8,840 cr on a consolidated basis
Analysts say the up move in shares of three Adani companies is below the threshold set by MSCI for defining 'extreme price increase'
In the past three months, the stock of Adani Transmission zoomed 113 per cent as against a 5 per cent rise in the S&P BSE Sensex
Pharma major Dr Reddy's Laboratories (DRL) expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said
With this acquisition, the cumulative network of ATL will reach 17,200 ckt km, the company said in an exchange filing
Project involves setting up 16 new sub-stations and strengthening existing power supply network
The technical outlook continues to show more upside in these stocks
At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE
Adani Transmission on Thursday posted a nearly 128 per cent rise in consolidated net profit at Rs 464 crore for the quarter ended December 2020. The consolidated net profit of the firm stood at Rs 204 crore in the quarter ended December 31, 2019, it said in a BSE filing. Total income dipped to Rs 2,734.04 crore in the quarter from Rs 2,835.72 crore in the same period a year ago. Gautam Adani, Chairman Adani Group, said, "The Power & Transmission sector has seen tremendous progress over the last two decades. Today, Government initiatives such as Saubhagya and the emphasis on renewables have significantly expanded electricity access." The next two decades promise to usher in new opportunities for the sector based on the resurgence of the economy post the pandemic and a positive investor outlook. Adani Transmission is fully equipped to co-create a future in line with the needs of a nation at the cusp of global renewable energy leadership, he added. Anil Sardana, MD and CEO, Adani ...
Efforts on to augment power supply to Mumbai, says MD-CEO Anil Sardana
Adani Transmission Ltd (ATL) on Thursday posted about 7 per cent fall in consolidated net profit at Rs 214.13 crore for September quarter 2020-21, mainly on account of reduced income. In the year-ago period, the net profit was Rs 230.43 crore, the company said in a BSE filing. Total income during July-September reducedto Rs 2,306.45 crore from Rs 2,638.32 crore a year ago. Total expenses were at Rs 2,044.13 crore as against Rs 2,300.51 crore in the year-ago period. There is abundant potential for increased growth in India's transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. "With the government's core objective of 24x7 power for all, considering anticipated growth and demand for power in major parts of the country, ATL is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation," Gautam Adani, Chairman, Adani Group, said in a ...
For the April to June period, Adani Transmission reported a PBT and deferred assets recoverable of Rs 481.97 crore, up 50 per cent.
The electricity distribution losses stood at 13.47 per cent in the quarter compared to 7.78 per cent in the same period last year
Adani Transmission says Alipurduar Transmission acquisition will bolster its position as the largest private sector transmission company in India.