Adani Group stocks extend losses, drop up to 11% after Kenya cancels deals following US charges
Adani Group stocks extended their losses for a second consecutive session, with Adani Enterprises shares plunging 7% in early trade on Friday, hitting a 52-week low of Rs 2,030. Meanwhile, shares of Adani Ports fell 5.3%, reaching a day’s low of Rs 1,055.40 on the BSE. Meanwhile, other Adani Group stocks, including Adani Power, Adani…
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GQG Partners shares rebound over 15% after slump following US bribery charges against Adani
NRI investor Rajiv Jain-led GQG Partners, which is listed on Australia’s ASX, rebounded strongly on Friday, jumping as much as 15.5% to an intraday high of AUD 2.46. This recovery comes a day after the stock fell 19.3% following bribery charges filed in the U.S. against Gautam Adani and other Adani Group executives. On Thursday,…
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Ambuja Cements shares in focus ahead of Q2 earnings today. Here’s what to expect
Adani Group-owned Ambuja Cements’ shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat…
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ITD Cementation shares tumble nearly 8% as Adani Group looks to acquire 73% stake in co
Shares of ITD Cementation fell by 7.7% on Monday in an early trading session to their day’s low of Rs 491.55 on the BSE as Adani Group aims to acquire nearly a 73% stake in the company for approximately Rs 5,759 crore. This will be followed by an open offer to purchase an additional 26%,…
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ACC shares in focus ahead of Q2FY25 earnings. Here’s what to expect from this Adani Group company
Shares of Adani Group owned ACC Limited are expected to be in focus on Thursday ahead of the company’s Q2FY25 earnings announcement. The cement maker could report an year-on-year and sequential loss in its revenue and net profit figures, according to estimates by a couple of brokerages. Sharekhan has estimated ACC’s net sales figures at…
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Adani Enterprises set to raise up to $2 billion through a QIP next week
Mumbai: Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month…
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Hindenburg claims Sebi chief Madhabi Buch had stake in offshore entities linked to Adani
A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another big allegation on the Adani issue by claiming that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch,…
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Hindenburg vs Sebi among 6 factors to dictate Nifty mood this week
After ending around 1.5% weaker amid global weakness, the trajectory of Sensex and Nifty will now have a domestic reason to worry about – Hindenburg’s allegations against Sebi Chairperson Madhabi Puri Buch in the Adani issue. While there are no fresh allegations against the Adani Group, the shares of which recouped losses made in the…
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