Adani Group Stocks News

Markets

Ambuja’s Orient buy steps up cement war

Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance Ambuja’s cement capacity to 100 MTPA by FY25.

6 min read22 Oct 2024
Markets

Retail investors cut stakes in 7 out of 11 Adani Group companies in Q2

In Q2FY25, retail investors trimmed holding in 7 of 11 Adani Group stocks, with Adani Green Energy seeing the largest drop. Eight group stocks ended in the red, while only three stocks posted gains during the quarter.

2 min read15 Oct 2024
Companies

Adani Enterprises merges two subsidiaries with Adani New Industries Limited

Adani Group’s flagship company, Adani Enterprises, announced that the conglomerate has merged two of its subsidiaries with Adani New Industries Limited, according to the company’s BSE filing on Wednesday

1 min read2 Oct 2024
Markets

Adani Ports: Motilal Oswal recommends ‘buy’ with up to 29% upside

Motilal Oswal maintains a ’buy’ rating for Adani Ports, targeting ₹1,850. The firm anticipates 11 per cent cargo growth from FY24 to FY26, despite temporary disruptions. APSEZ aims to be India’s largest transport utility by 2030, bolstered by strategic investments and acquisitions.

3 min read23 Sep 2024
Markets

Cantor predicts 130% surge in Adani Energy Solutions, touts it as a potential multibagger

Despite recent volatility, Adani Energy Solutions shows promise, with Cantor initiating an ’overweight’ recommendation and a target price of ₹2,251. The firm anticipates robust growth driven by its diverse operations in India’s energy sector.

2 min read20 Sep 2024
Markets

Ambuja Cements share price stays in green even as it faces double blow with customs penalty and CMO arrest

Ambuja Cements, a major player in India’s cement industry, is facing a perfect storm of challenges. The company has been hit with a significant customs penalty and its Chief Manufacturing Officer has been arrested on bribery charges.

1 min read13 Sep 2024
Companies

Swiss authorities freeze over $310 million funds across accounts related to Adani investigation: Hindenburg Research

Hindenburg Research alleged that Swiss authorities have frozen more than $310 million in funds across several Swiss Bank accounts linked to the money laundering and securities investigation of Adani Group, according to the firm’s social media post on platform X, on September 12.

1 min read12 Sep 2024
Companies

Adani Green Energy, TotalEnergies form joint venture for 1,150 MW solar projects in Khavda

Adani Green Energy and TotalEnergies have formed a joint venture to oversee a portfolio of solar projects totalling 1,150 MW at Khavda in Gujarat.

1 min read3 Sep 2024
Markets

Adani bonds rally, stocks fall post Hindenburg 2.0

Short positions created on Adani Enterprises, Adani Ports after 10 August, shows F&O data.

3 min read19 Aug 2024
Markets

Adani Group Stocks: MSCI removes restrictions in August 2024 index review; resumes stock adjustments

In its August 2024 Index Review, MSCI said it will resume normal operations and implementation of the index review, including changes in the Number of Shares (NOS), Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) of Adani Group and associated securities.

1 min read13 Aug 2024
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