AEL
Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.
Adani Enterprises has finally got strong winds filling its sails
Adani Enterprises’ outlook is improving as several incubated businesses reach commercial scale. CARE Ratings has upgraded AEL to AA, citing stronger financial flexibility after its ₹15,000-cr QIP and Adani Airports monetisation. Airports, Kutch Copper and roads are expected to drive FY27 earnings, while data centres, new energy, defence and aluminium offer longer-term growth.
Adani Group stocks tumble as market rout deepens; Adani Green, Adani Ent, others tank up to 10%
On October 8, shares of Adani Group experienced sharp declines amid a wider market downturn, with Adani Green Energy plunging by 10% and Adani Enterprises by 7%. Despite receiving a long-term rating upgrade from CARE Ratings, investor confidence remained shaky. Other subsidiaries, including Adani Power and Adani Ports, also witnessed losses, underscoring the market's inherent volatility and investor unease regarding the current economic climate.
Adani Enterprises shares fall 4% despite getting CARE Ratings upgrade to AA; stable
CARE Ratings also reaffirmed the company's short-term rating at CARE A1+. Adani Enterprises said the upgrade "serves as an independent validation of AEL’s disciplined capital management and tight fiscal prudence".
CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook
CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.
Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
Adani Enterprises secured its highest-ever credit rating after CARE Ratings upgraded its long-term rating to CARE AA; Stable from CARE AA-; Stable. The agency cited stronger financial flexibility following a Rs 15,000 crore QIP and Adani Airports stake sale.
Praggnanandhaa praises ISSO National Chess Championship, says chess Is "truly growing" among children
Grandmaster Rameshbabu Praggnanandhaa attended the ISSO National Chess Championship in Ahmedabad. He observed over 425 young players, indicating significant growth in chess participation. Praggnanandhaa encouraged parents and schools to support children's involvement in the sport. He emphasized chess teaches crucial skills like decision-making and patience. The event featured various age categories for both boys and girls.
Adani Airports raises ₹9,825 crore from four investors at $18 billion valuation
Adani Airport Holdings is raising ₹9,825 crore ($1 billion) from Alpha Wave Global, Premji Invest, Temasek and BlackRock at an $18 billion valuation. The money will fund airport expansion, modernisation and airport-city businesses.
Jefferies says Adani Enterprises is the ‘platform behind platforms’ with 4 major growth levers
Jefferies retained a Buy rating on Adani Enterprises with a Rs 3,830 target, citing its infrastructure incubation model and strong growth potential. The brokerage expects a 23% EBITDA CAGR through FY31, led by airports, data centres and ANIL.
Global investors landing at Adani Airport with $1 billion
AAHL plans to increase annual passenger-handling capacity to about 200 million, from about half that last year at its eight airports. The company may raise another billion dollars in the coming months as it expands its business in India and possibly seek global opportunities, said people aware of the matter.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing market price. The brokerage expects EBITDA to more than double by FY29, supported by airports, new energy, roads, copper and other infrastructure businesses. It also sees faster earnings growth and easing leverage as key drivers for the stock.
Adani Enterprises to exit Wilmar JV in $2 billion deal
AEL plans to offload its nearly 44% stake in Adani Wilmar Ltd (AWL) in two parts. It will first sell about 13% stake to meet public shareholding norms. The promoters currently hold 88% of the company. Wilmar will acquire the remaining 31% stake, which will increase its holding to nearly 75% from 44%.
Adani Enterprises' MIAL exempted from paying monthly annual fee to AAI
Adani Enterprises Ltd (AEL)'s MIAL jas been exempted from paying the Monthly Annual Fee (MAF) for the period from March 13, 2020, to February 28, 2022, citing the presence of force majeure. The conglomerate stated that the amount of MAF previously paid by MIAL to AAI for this period will be refunded, along with interest.
IHC raises stake in Adani Enterprises
IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 crore. The investor last week disclosed that it would sell its stakes in Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission).
Adani Enterprises sets up a wholly-owned media arm
"The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share capital of Rs 1,00,000 each to carry on the business of media related activities, including...publishing, advertising, broadcasting, distributing etc. of content over different types of media networks," AEL said in a filing to BSE
Adani Enterprises incorporates wholly-owned arm for media related biz
"The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share capital of Rs 1,00,000 each to carry on the business of media related activities, including...publishing, advertising, broadcasting, distributing etc. of content over different types of media networks," AEL said in a filing to BSE
Adani Group to enter petrochemicals business through Adani Petrochemicals Ltd
The new company will be a fully-owned subsidiary of Adani Enterprises (AEL), the flagship company that incubates most of the Group's new businesses, which are later spun off into separate listed entities once it achieves a certain scale.
Adani Enterprises wins Rs 1,838-cr highway project from NHAI in Kerala
"Adani Group is pleased to announce the award of another hybrid annuity road project from NHAI. AEL has recently participated in tender issued by NHAI under HAM and we are pleased to inform you that AEL has received a letter of award (LOA) from NHAI for...road project in the state of Kerala," the company said in a filing to the BSE.
Adani Group mulls listing Adani Enterprise on overseas bourses
The promoters are in process of restructuring their ventures and planning to increase stake in AEL subsidiary Adani Power Limited (APL) from 69% to 75% in coming days.
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