ADANI PORTS SPECIAL ECONOMIC ZONE LTD Q2 RESULTS
Year-ender 2024: Adani stocks' m-cap falls by Rs 87,805 crore this year so far. Here's your 2025 playbook
Adani Group stocks' market capitalization has declined by ₹87,805 crore in 2024, primarily due to a drop in Adani Green Energy's value following bribery charges. While some Adani companies saw profits fall, others like Adani Ports and cement companies experienced growth. Despite setbacks, some Adani stocks are considered potential wealth creators for 2025.
Adani companies on a stronger footing: Bernstein
The brokerage referred to a lower quantum of pledged shares, stronger debt coverage ability, and better relative valuations for some of the companies to justify its current assessment of the group, after billionaire founder Gautam Adani and his nephew Sagar Adani were indicted late November on alleged impropriety charges by the US Department of Justice.
Adani Group is on better financial footing now than during Hindenburg attack, says Bernstein
The brokerage referred to a lower quantum of pledged shares, stronger debt coverage ability, and better relative valuations for some of the companies to justify its current assessment of the group, after billionaire founder Gautam Adani and his nephew Sagar Adani were indicted late November on alleged impropriety charges by the US Department of Justice.
Work continuing on Adani-backed Sri Lanka port, says official
Work on the Adani Group-led expansion of Sri Lanka's Colombo West International Terminal is progressing as planned, despite uncertainty over $553 million in US funding after the indictment of Adani executives. The US DFC is still reviewing the loan commitment, with no funds disbursed yet.
Adani entities apply for settlement in response to Sebi show cause notice
Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications following a show cause notice from Sebi. These actions involve key figures, including Vinod Adani, and four listed companies: Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions. Sebi's investigation dates back to 2020.
Swiggy shares rally over 9% ahead of first Q2 results after listing
Swiggy Q2 results: Swiggy shares rose 9.4% to Rs 542.10 on the BSE. The company will release its Q2 financial results today. Swiggy's IPO had significant subscriptions and showed good investor interest. The company has faced net losses since inception but saw revenue double in FY24. In Q1, Swiggy reported a loss of Rs 611.01 crore compared to the same period last year.
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Adani Ports and Special Economic Zone handles 36 MMT cargo in Nov
Adani Ports and Special Economic Zone Ltd (APSEZ) handled 36 million metric tonnes (MMT) of cargo in November 2024, with the container segment showing a 21% growth. In the first eleven months of 2024, APSEZ managed 293.7 MMT cargo, a 7% increase from the previous year. Logistic rail volume rose by 10% to 4.2 lakh twenty-foot equivalent units (TEUs).
Adani Ports shares can rally up to Rs 1,960, says Nuvama after visiting Vizhinjam port
Adani Ports share price: Nuvama maintains 'Buy' rating on Adani Ports, targeting Rs 1,960, driven by revenue growth, logistics, and Vizhinjam port. Positive outlook with 20% revenue and 18% EBITDA CAGR through FY29.
Monday blues! Sensex slides over 450 pts, Nifty below 24,100 as D-St reacts to GDP shocker
Indian benchmark equity indices opened in the red on Monday, dragged by IT and banking stocks. The BSE Sensex was trading lower by 401 points, and the Nifty50 was down by 98 points amid concerns about domestic growth. Key contributors to the decline included HDFC Bank and Infosys.
Adani stocks zoom up to 20% after group issues clarification on US bribery allegations
Adani Group stocks rallied after the company clarified that its chairman, Gautam Adani, and other executives are not facing bribery charges as per the US Department of Justice. Moody's, however, revised its outlook on seven Adani companies to negative, citing governance concerns and potential operational disruptions amid ongoing legal proceedings.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 80.41 points up at 24274.9
Adani companies' outlook revised to negative
Seven companies within the group got their outlook lowered by Moody's. These include Adani Green Energy Ltd (AGEL), which is cited in the indictment, Adani Ports and Adani Transmission, among others.
Fitch takes negative rating actions on Adani Group entities amid US bribery scandal
Fitch has placed several Adani Group infrastructure entities and bonds under negative rating watch, following the indictment of key executives in the U.S. on bribery charges. Entities like Adani Ports, North Queensland Export Terminal, and Mumbai International Airport are at risk of downgrades.
Adani bonds slide to year low as investors weigh bribery allegations
Adani Group's dollar bond prices dropped to their lowest point in a year. This decline followed allegations of bribery and fraud from US authorities. The charges involved payments made to Indian government officials. These payments aimed to secure contracts and advance the development of a solar power project.
Adani Group stocks reverse losses, surge up to 4% a day after US charges Gautam Adani
Adani Enterprises Share Price: Most Adani Group stocks ended in the green on Friday after witnessing significant cuts on Thursday following a US court's indictment of Chairman Gautam Adani and seven others in a bribery case. Ambuja Cement and ACC saw significant gains. The Adani Group, has however, denies the allegations.
ACC, Adani Enterprises among 6 Adani Group stocks where FIIs cut stakes in CY2024
Foreign Institutional Investors (FIIs) have been reducing their holdings in several Adani Group stocks over the past three quarters, while increasing stakes in others. This comes amidst allegations of bribery and fraud against Adani Group Chairman Gautam Adani by the US Securities and Exchange Commission, leading to a significant drop in the company's market value.
Indian tycoon Adani's US indictment spooks investors; bonds fall again
The Adani Group's bonds faced pressure for a second day following fraud charges against founder Gautam Adani by U.S. prosecutors. Despite the group's denial and assurance to investors, its companies lost billions in market value. U.S. prosecutors allege involvement in a $265 million bribery scheme, leading to arrests and investigations.
Mutual funds bought 46 lakh shares of Adani Enterprises last month
The shares of Adani Enterprises, which plunged 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme, were among the top largecap picks of mutual funds last month.
Adani Ports shares sink 20% as Gautam Adani faces US bribery charges
Adani Ports Share Price: Shares of Adani Ports & Special Economic Zone plunged 20% to Rs 993.85 on Thursday after U.S. prosecutors indicted Gautam Adani, his nephew Sagar Adani, and six others on charges of bribery and fraud. The indictment claims the group offered $265 million in bribes to Indian officials to secure solar contracts, potentially generating $2 billion in profits over 20 years.
Buy Adani Ports & SEZ, target price Rs 1,780: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Adani Ports & SEZ, targeting a price of Rs 1,780. Adani Ports is a large cap company with strong cash flows and a market share increase. It is expected to drive a CAGR of 15% in revenue and EBITDA over FY24-27, maintaining a net debt-to-EBITDA ratio of 2x.
Adani Enterprises shares rise over 3% after Q2 profit skyrockets 664% YoY to Rs 1,742 crore
Adani Enterprises Share Price: Adani Enterprises' shares rose 3.2% on the BSE after reporting a 664% YoY jump in net profit for the September quarter to Rs 1,742 crore. Revenue from operations increased by 16% to Rs 22,608 crore. The company approved a Rs 2,000 crore fundraising plan through NCDs and emphasizes growth in logistics, energy transition, and adjacent sectors.
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16%
Adani Enterprises Q2 Results: Company reported a remarkable 664% year-on-year increase in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore in the same period last year.
Adani Ports in focus ahead of Q2 results today. Here’s what to expect
Adani Ports Share Price: Adani Ports & Special Economic Zone is expected to report a 6%-10% increase in Q2FY25 revenue and a 19%-39% rise in net profit year-on-year. Kotak estimates a 10% YoY revenue growth to Rs 7,311 crore and PAT of Rs 2,400 crore. EBITDA is projected at Rs 4,277 crore, a 10% YoY increase.
Q2 results today: Maruti, Adani Enterprises among 139 companies to announce earnings on Tuesday
Q2 earnings for Maruti and Cipla are expected to be muted, with Maruti likely seeing a 2% decline in volumes and flat revenues, while net profit could drop up to 5%. Cipla may report 3-6% revenue growth and a 4-5.7% rise in net profit.
Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar?
Benchmark indices Sensex and Nifty extend losses for the fourth consecutive day amid disappointing earnings and continuous FII outflows. Key stocks in focus include ITC, which has broken crucial support levels; ACC, nearing critical support after disappointing earnings; and Adani Wilmar, showing positive momentum post-Q2 earnings.
Adani Ports to raise investment to ₹10,000 crore for new transshipment terminal
The investment in the first-of-its-kind Vizhinjam port in the state of Kerala is part of the second phase of the project that is expected to finish by 2028, said people familiar with the Adani Group’s plans who did not want to be identified as the details are not announced.
Block deals worth over Rs 7,640 crore this week. Chandrababu Naidu’s Heritage Foods, Adani Ports see top action
The week was an eventful one. Besides the general election results, D-Street saw some prominent block deals which included over three dozen companies from large, mid and smallcap segments. Shares worth Rs 7,640 crore were traded on screen, which included both buying and selling.
Adani Ports signs 30-year concession to operate container terminal at Dar es Salaam Port in Tanzania
Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement.
Block deals worth over Rs 13,000 cr this week: Adani Ports, HDFC Bank, Vodafone Idea among stocks with top action
The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segments worth Rs 13,059 crore on screen.
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