ADANI SHARES
Adani Power shares gain 7% on approval for Godda plant grid connection project buzz
Adani Power shares surged after receiving government approval to connect its Godda plant to the Indian grid, enabling domestic supply beyond Bangladesh. The company also formed a joint venture for a Bhutanese hydroelectric project. Despite a dip in Q1 profit, analysts remain optimistic about its significant capacity expansion plans.
Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim
Following Sebi's clean chit, GQG Partners has increased its stakes in four Adani Group companies, signaling growing conviction. State-owned LIC maintained its holdings, with only a minor trim in Adani Ports. Meanwhile, FIIs have tactically reduced their exposure across several Adani stocks.
AAI profit surges 55% to Rs 7,233 crore on small-town air traffic boom
The Airports Authority of India (AAI) reported an unprecedented profit of ₹7,233 crore for FY25. This remarkable increase was driven by a surge in passenger numbers, particularly at regional airports.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets extended gains for a fourth session, with Nifty inching closer to its 52-week high amid strong buying in financials, autos, and consumer durables. Optimism over Q3 earnings revival, renewed FII inflows, and dovish Fed cues lifted sentiment further.
Sensex jumps over 500 pts, Nifty tops 25,450 on earnings optimism and fresh FII inflows
Indian stock markets traded higher on Thursday. The Sensex and Nifty saw gains, led by financial and consumer durable stocks. This rise was driven by positive sentiment regarding a domestic earnings recovery. Additionally, new foreign investments contributed to the upward trend. Investors are showing renewed confidence in the market.
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Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets snapped a two-day losing streak as Fed rate cut hopes and earnings optimism lifted sentiment. The Sensex rose 575 points and Nifty gained 178 points, with banks, metals, and autos leading the rally amid strong FII momentum.
From Tatas to Adanis: Why ICICI Prudential is backing India’s conglomerates for long-term wealth creation
ICICI Prudential Mutual Fund's new Conglomerate Fund targets India's largest promoter-led business groups, betting on their structural strength and diversified earnings for long-term wealth creation. The fund will balance mature cash generators with emerging growth engines, employing a dual-lens framework of structural strength and cyclical opportunity.
Stocks in news: Tech Mahindra, Axis Bank, Ola Electric, ICICI Lombard, Vedanta
Markets closed marginally lower on Tuesday due to trade concerns, with Nifty approaching key support. Tech Mahindra reported better-than-expected Q2 revenue, while Ola Electric is poised to enter the energy storage market. Several other companies like Axis Bank and ICICI Lombard will announce Q2 results today.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets ended lower for the second straight session, weighed by financial stocks and weak sentiment. The Sensex dropped 297 points while Nifty slipped 82 points. However, LG Electronics India made a stellar debut, listing at a 50% premium — the strongest for a billion-dollar IPO since 2021. Analysts say Nifty remains range-bound between 25,000 and 25,300 levels.
Visakhapatnam's AI jackpot; Lenskart IPO scoop
Google, Adani and Airtel are partnering to build a major AI hub in Andhra Pradesh. This and more in today's ETtech Top 5.
Google, Adani, Airtel join hands to build India’s largest $15-billion AI data hub in Visakhapatnam
Google, Adani Enterprises, and Bharti Airtel are investing $15 billion over five years to build India's largest AI hub and data centre campus in Visakhapatnam. This initiative will feature gigawatt-scale data centres powered by clean energy, new subsea cable landings, and a robust fibre network, aiming to bring Google's AI capabilities closer to Indian businesses and developers.
Google AI Hub at Vizag will boost digital economy: PM Modi
Prime Minister Narendra Modi inaugurated Google's first AI hub in Visakhapatnam, Andhra Pradesh, hailing it as a significant step towards democratizing technology and enabling 'AI for All'. This multi-faceted investment, including gigawatt-scale data center infrastructure and a new international subsea gateway, aligns with India's vision for a developed nation and aims to boost the digital economy.
Vedanta’s Rs 17,000 crore acquisition of Jaiprakash Associates gets CCI nod
Vedanta Limited's acquisition of Jaiprakash Associates Limited has received approval from the Competition Commission of India. This marks a significant step in Vedanta's Rs 17,000 crore bid. Vedanta emerged as the highest bidder for Jaiprakash Associates, which operates in cement, real estate, and infrastructure. The deal involves an upfront payment and subsequent annual installments.
Adani RoA breaks into global infra top tier; group's bets may now become bolder, bigger
Adani Group Chairman Gautam Adani announced a 16.5% return on assets for FY2024-25, positioning the conglomerate as a top global infrastructure performer. He highlighted disciplined growth and efficient capital use, projecting a significant capture of India's expanding electricity market and introducing a "Two-Track Organisation" model blending AI with human judgment for future transformation.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets closed lower on Monday, led by IT stocks, as renewed US-China trade tensions and a US government shutdown dampened investor sentiment. Analysts noted profit booking in consumption sectors and mixed Q2 earnings, though mid- and small-cap stocks showed resilience. The Nifty defended its support at 25,200, with a bullish outlook above 25,050.
UK’s Investec initiates coverage on Adani Ports, sees up to 23% upside
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY25–30. Adani Ports’ integrated logistics and marine services further enhance long-term growth prospects.
Top Nifty50 stocks analysts suggest buying in this volatile week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
False story had been weaponised, $100 billion of market value erased: Adani on Hindenburg's report
Gautam Adani recounted how Hindenburg Research's report, a "false script," erased $100 billion in market value, emphasizing how narratives can now influence markets and geopolitics. He drew parallels to cinema, stating that projects begin with a story, not just physical materials, as stories endure beyond tangible achievements.
Over Rs 5.5 lakh crore push thermal power plans get all charged up
India's top power companies are set to invest over Rs 5.5 lakh crore to boost thermal power capacity by more than 50 GW by 2032. This expansion runs parallel to their ongoing investments in renewable energy sources. The move aims to meet soaring electricity demand and ensure grid stability.
Quant Small Cap Fund hikes stake in Adani Power and 4 other stocks, trims exposure in 6 firms
Quant Small Cap, the largest scheme under Quant Mutual Fund, raised its stake in Adani Power and four other stocks while trimming exposure to six counters during September.
Parag Parikh Flexi Cap Fund increases stake in 4 bank stocks and ITC; trims exposure in Maruti Suzuki in September
Parag Parikh Flexi Cap Fund raised stakes in Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, ITC, and seven other stocks in September, trimmed Maruti Suzuki and exited IPCA Laboratories. Fund AUM rose to Rs 1.19 lakh crore, with 27 stocks in the portfolio.
India probes Adani Defence for tax evasion on missile parts imports, sources say
Indian authorities are investigating Adani Defence, a unit of Adani Enterprises, for allegedly evading $9 million in import taxes on components for short-range missiles. The Directorate of Revenue Intelligence began probing in March, citing misclassification of parts to claim duty exemptions. Adani says it has provided clarifications and considers the matter closed.
Adani Green Energy shares rise 2% after $250 million foreign currency loan deal
Adani Green share price: Adani Green Energy's shares rose after securing a $250 million loan from global lenders. This is the company's first foreign currency loan since a US indictment. The funds will refinance existing debt. The loan has a five-year tenor. This move is part of Adani Group's strategy to reduce leverage.
Stocks in news: Adani Green, M&M, Kalyan Jewellers, ONGC, Brigade Enterprises
Indian markets surged over half a percent, buoyed by strong domestic and global factors. The Nifty is poised to test higher levels, with analysts favoring PSU banks, oil marketing companies, and defense stocks. Several companies like Adani Green, M&M, and ONGC are in focus due to significant business developments and approvals.
Adani Enterprises taps debt private placement after 2-year gap, bankers say
Indian billionaire Gautam Adani's flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-month bonds, two bankers said on Monday, marking its first such fundraising since 2023.
Top Nifty50 stocks analysts suggest buying in this volatile week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Adani Green Energy shares in focus amid Andhra Pradesh transmission fee row in Rs 7,000 MW solar deal
Adani Green share price: Adani Green Energy’s Rs 7,000 MW solar supply deal with Andhra Pradesh faces hurdles over transmission fee waivers, potentially delaying power offtake, while the company navigates ongoing regulatory and legal challenges in India and abroad.
Adani Green Energy operationalise 408 MW of projects in Khavda
Adani Green Energy Ltd (AGEL) on Tuesday said it has commissioned 408 MW of power projects at Khavda in Gujarat, raising its total operational renewable capacity to 16,486.1 MW. The projects were made operational through AGEL’s step-down subsidiaries, the company said in a filing.
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