Adani Ports & Special Economic Zone Ltd

According to analysts, Adani stocks are slowly stabilising after a lot of reassurances from the group (like prepayment for bonds), banks and RBI’s comments of no systemic risks

Says there is political stability in India and reforms are undertaken not out of compulsion but conviction

APSEZ also said it would roughly halve its capital expenditure next financial year, compared with the current year. 

However, Adani Ports and Special Economic Zone Ltd’s revenue from operations grew 18% to ₹4,786 core

Bharti Airtel, CAMS, Hero MotoCorp, Adani Ports, Adani Green Energy, Ambuja Cements, NDTV, Tata Steel, UltraTech Cement, Dhampur Sugar, Kirloskar Ferrous, Aditya Birla Fashion and Retail, Barbeque Nation, Bayer Cropscience, Bharat Dynamatics, Mrs Bectors Foods, IRB InvIT, ITDC, JM FInancial, Kalyan Jewellers, NHPC, Ramco Cement, Sobha, Thermax, TTK Health, Varroc, Wonderla

Shares of Adani Enterprises witness a fall of 9.50% as investors continue to offload their holdings

FM, RBI step in to assuage concerns over contagion effect

Says the battering of group’s stocks in market is not something the government can or should worry about

While the ICRA-rated Adani group entities do not have any immediate refinancing requirement, it is expected for some entities from FY25 onwards

Flagship Adani Enterprises gained 2.8 per cent to end at ₹2,973.90 on the NSE with heavy volumes of over 1.1 crore shares

AEL trades 4 per cent below the lower price band of the FPO

There was muted interest from qualified institutional buyers with a subscription to only 4,576 shares against the 128.2 lakh shares on offer to them