All Adani stocks in red on report of U.S. probe; Adani Total Gas, Adani Energy top losers
Adani group stocks fell in the range of 2-8% amid a report that the U.S. government widened its probe against the conglomerate over suspicions of bribery.
Adani group stocks fell in the range of 2-8% amid a report that the U.S. government widened its probe against the conglomerate over suspicions of bribery.
Adani group stocks, which have maintained an uptrend since last week following the Supreme Court's concluded hearings of the Adani-Hindenburg case, surged between 6-14% intraday.
Adani Enterprises reported a 50.57% YoY decline in its consolidated net profit at ₹227.82 crore, while revenue declined 41% YoY to ₹22,517.33 crore in Q2 FY24.
Adani Total Gas shares touched two-year low, while Adani Enterprises extends losing streak for the 9th straight session.
Adani Ports has incorporated a wholly-owned subsidiary, Udanvat Leasing IFSC, with the objective of carrying out the business activity of owning and leasing aircraft
Karan Adani led series of acquisitions to make APSEZ a global player in ports.
IHC, through its subsidiaries, holds a 1.26% stake in Adani Green Energy and 1.41% in Adani Energy Solutions, valued at around ₹3,327 crore based on Thursday’s closing prices.
The promoter groups have raised a 2.06% stake in Adani Enterprises and 2.17% in Adani Ports & SEZ via open market transactions.
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.