Adani Enterprises share price

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates positive start for domestic equities today. The contract was trading at ...

DCB Bank: The lender reported a 51% YoY rise in net profit for the December quarter to Rs 114 crore. Godfrey Phillips: The company's consolidated net profit for the December quarter surged 70.3% YoY to Rs 199 crore. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The board approved Rs 12.5 a share interim dividend. Revenue from operations was flat at Rs 33,691 crore. L&T: The board will meet to consider and approve earnings for the December quarter. Revenue from operations rose 37% on year to Rs 41,410.50 crore. The board has also approved an interim dividend of Rs 4.25 a share for the current financial year. An ET Now poll sees the company reporting a consolidated revenue of Rs 45,882 crore, up 16% on year. Bharat Electronics: The company's consolidated net profit for the December quarter rose just 3% YoY to Rs 613 crore, even as revenue increased 12% to Rs 4,153 crore. [Vedanta](/topic/vedanta): The company's consolidated net profit for the December quarter slumped 41% YoY to Rs 2,464 crore. [stocks](/definition/stocks)will be on the [investors](/topic/investors)’ radar for the following reasons: [NTPC](/topic/ntpc): The company reported a 5.4% YoY rise in standalone net profit for the quarter ended December to Rs 4,476.25 crore.

Adani Group said that the timing of the report was suspect and seems to be directed at sabotaging the Rs 20000 crore follow-on public offer (FPO) by Adani ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). On the downside, Rs 500 is the important psychological support level, while on the upside, Rs 640 is the resistance level, above which we can expect Rs 700 level," Gour said. On Adani Ports, the expert said it witnessed a breakdown of a long consolidation pattern on the daily chart with strong volumes. As a disclaimer, the firm, led by Nate Anderson, said it has taken short positions in Adani Group companies. In a 413-page rebuttal, Adani Group last night alleged that Hindenburg is an "unethical short seller" which made a windfall gain by doing a calculated securities fraud. Billionaire Gautam Adani-led group has also made it clear that the Rs 20,000 crore FPO will go as per schedule without any tweak in the price band or dates.

Adani has locked horns with U.S.-based Hindenburg Research and on January 29 rebutted its report that flagged concerns about debt levels and the use of tax ...

On Friday, the first day of the offer, the issue was subscribed 1% amid a broader fall in shares. Adani said it complies with all local laws and had made the necessary regulatory disclosures. short-seller's report that criticised the group.

Stock Market LIVE Updates: Metal, power and oil & gas indices down 1-5 percent, while buying is seen in the PSU bank and IT names.

Adani Ports and Special Economic Zone (Rs 658.45) and Ambuja Cements (Rs 419.25), too, were locked in their respective 10 per cent upper circuits.

Separately, Adani Enterprises clarified on Saturday that its Further Public Offer (FPO) will go according to the schedule and at the announced price-band. Talks are at an advanced stage and formal announcements by the company boards will be made in the coming weeks, the newspaper reported. Meanwhile, Adani Power and Adani Wilmar were locked in the 5 per cent lower circuit on the BSE. There is no change in either the schedule or the issue price. In comparison, the S&P BSE Sensex was up 0.50 per cent at 59,626. In its 413-page response the Gautam Adani led group said it was shocked and deeply disturbed to read the report published by the "Madoffs of Manhattan".

In the last two trading sessions on Wednesday and Friday, Adani stocks had lost Rs 4.2 lakh crore of market capitalization. In a 413-page rebuttal, Adani Group ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). On the downside, Rs 500 is the important psychological support level, while on the upside, Rs 640 is the resistance level, above which we can expect Rs 700 level," Gour said. On Adani Ports, the expert said it witnessed a breakdown of a long consolidation pattern on the daily chart with strong volumes. As a disclaimer, the firm, led by Nate Anderson, said it has taken short positions in Adani Group companies. Adani Group CFO Jugeshinder Singh said the company's long-term, strategic, inter-generational and institutional investors have not been selling the stocks. In a 413-page rebuttal, Adani Group last night alleged that Hindenburg is an "unethical short seller" which made a windfall gain by doing a calculated securities fraud.

Adani group has locked horns with US-based Hindenburg Research and on Sunday rebutted its report that flagged concerns about debt levels and the use of tax ...

Twenty-one of the Nifty 50 constituents advanced while 29 declined. ACC and Ambuja Cements pared the gains from earlier in the session to trade up marginally. Both the indexes swung between gains of 0.6% and losses of 0.9%, in step with the intraday trajectory of high-weightage financials, which is down 0.53%, as of 11:03 a.m. "The markets will remain very volatile ahead of the budget," Aishvarya Dadheech, director and fund manager at Ambit Asset Management said. Financials had dragged the index over the previous two sessions. Shares were volatile in morning trading on Monday, mirroring financials, ahead of the Union budget, while select Adani Group stocks arrested the recent slide after a short-seller attack on group companies triggered a sell-off over the previous two sessions.

Adani group shares continued to see sell-off on Monday as stocks fell up to 20%. However, Adani Enterprises and Adani Ports shares bucked the trend, ...

In its latest statement, the US-based short seller said that the Adani Group did not respond to questions in its original report, pointing out one on the nature of relationship between Vinod Adani (older brother of Gautam Adani) and Chang Chung-Ling, nor the group’s association with the Chinese national. In a 413-page response, Adani Group said the report was driven by “an ulterior motive” to “create a false market” to allow the US firm to make financial gains. Aside from Adani Enterprises which jumped more than 7% to Rs 2.966 and Adani Ports which rose 4%, all other Adani group company shares were deep in red.

Shares of most of Adani Group companies continued to see sharp losses for a third consecutive trading session.

[Adani Enterprises](/quotes/ADANIENT-IN/)' follow-on public offering will be fully subscribed, calling Hindenburg's report "simply a lie" and the timing of the report "malicious." [fell](https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/) $27.9 billion year to date, the index showed. [Hindenburg's report](https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html), which accused the conglomerate of stock manipulation and an "accounting fraud scheme." 'Attack on India' 20, 2022, before falling to to $92.7 billion as of last week's close, according to the index. [Adani Total Gas](https://www.cnbc.com/quotes/ATGL-IN) and [Adani Transmission](/quotes/ADANITRANS-IN/) both dropped by the daily 20% limit, [Adani Green Energy](/quotes/ADANIGREEN-IN/) fell more than 19%, and [Adani Power](/quotes/ADANIPOWER-IN/) lost 5%.

Adani Enterprises in a filing to BSE said in the event of offer price being lower than anchor investor allocation price, the difference will not be funded ...

Full details](https://www.businesstoday.in/markets/stocks/story/lic-loses-rs-18000-crore-in-just-2-days-as-adani-group-stocks-crash-full-details-367838-2023-01-27?utm_source=recengine&utm_medium=web&referral=yes&utm_content=footerstrip-10&t_source=recengine&t_medium=web&t_content=footerstrip-10&t_psl=False) [LIC loses Rs 18,000 crore in just 2 days as Adani group stocks crash. Adani Enterprises is the way to access that value. Singh told Siddharth Zarabi of Business Today Television that group chose the fund raising mechanism carefully. That said, Adani Group CFO Jugeshinder Singh said he is confident the Rs 20,000 crore issue will sail through and that his group was not looking to make any changes with respect to either price band or offer period. The issue is subscribed 1 per cent of the total size of 5,41,772 shares, as of 10.21 am.

Adani Enterprises News Live updates: Adani's over 400-page response had a mixed effect on the stock market on Monday. The group's stock ended on a mixed ...

According to Hindenburg's latest reply, Adani Group predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming that their report amounted to a “calculated attack on India." The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. Secondly, an investment of $692.5 million from a Mauritius entity controlled by the head of the Adani Group’s Private Family Investment Office. As such, these questions have no relevance to the entities in the Adani portfolio and we are not in a position to comment on your allegations on the business dealings and transactions of Vinod Adani." Adani group has clarified that there will be no change in the FPO priceband and timeline. The initial and sharp decline appears to be majorly led by individual investors, some domestic institutions, and trading entities. It also added that it is “not in a position to comment on…allegations on the business dealings and transactions of Vinod Adani." According to a CLSA report, even though Adani Group's debt levels doubled from ₹1 lakh crore to ₹2 lakh crore in the past three years, the overall bank debt increased by more than 25 percent. He added," I believe the problem has been solved, and for the moment, everything is good..all is well." These two stocks have touched a 5% lower circuit for the third day in a row. Adani Enterprises who has launched the FPO erased early gains and was trading lower by 2%, with m-cap diving by ₹5,796.91 crore. Adani's ₹20,000 crore FPO received a little over 3% subscription on the second day of the issue.

Despite rebounding in trade on Monday after the massive sell-off last week, shares of Adani Enterprises are trading below the floor price of the FPO. The stock ended nearly 5% higher on the NSE at Rs 2,892.85, whereas the price band for the FPO is Rs 3,112 ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. The response from qualified institutional investors remained muted. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The portion set aside for retail investors was subscribed 4%, with the company receiving bids for 9,76,944 shares compared to the issue size of 2,29,08,464 shares. The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares.

Adani Enterprises shares traded below the FPO price range of Rs 3112-3276 per share for second session. The stock closed at Rs 2878.50 on Monday making the ...

The report came couple of days ahead of the Rs 20,000 crore follow-on share sale of Adani Enterprises opened for investors. Adani Enterprises shares traded below the FPO price range of Rs 3,112-3,276 per share for second session. Adani Enterprises follow-on public offer (FPO) witnessed muted response from investors amid on going tussle between Adani Group and US-based short seller Hindenburg.

Adani Enterprises FPO's institutional demand can give the Adani group breathing room for adjusting oversubscription against the undersubscriptions in retail ...

Singh said he was confident the Rs 20,000 crore issue will sail through and that his group was not looking to make any changes with respect to either price band or offer period. Group CFO Jugeshinder Singh told BT TV that while retail investors are sensitive to share price, long-term institutional, long-term strategic investors do not see change the value of Adani Enterprises post the recent fall. One alternative that the Adani group can look at is that the offer can be underwritten to the extent of shortfall in the subscription, which will ensure that the FPO sails through. Besides, he noted that Sebi laws permit revision in the price band, which has to be accompanied by an extension of the bidding period. This price was lower than the FPO price band. If the Adani FPO fails to garner the minimum subscription by Tuesday, the FPO will be deemed unsuccessful, said Sameer Raina, Principal Associate at Pioneer Legal.

While Adani Enterprises shares managed to rebound in trade on Monday, they remained well below the FPO offer price. The stock ended nearly 5% higher on the NSE ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). While Adani Enterprises shares managed to rebound in trade on Monday, they remained well below the FPO offer price. Adani Enterprises was the only stock to have rebounded. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) IHC has subscribed to 16% of Adani Enterprises’ $2.5 billion worth FPO.

Adani Enterprises' Rs 20000 crore ($2.5 billion) follow-on public offer only saw a 1% subscription on the first day, with retail and institutional buyers ...

The FPO committee is scheduled to meet on February 1 to approve the offer price and prospectus. The company allotted 1.82 crore equity shares to 33 funds at Rs 3,276 each, with foreign investors, including Abu Dhabi Investment Authority, BNP Paribas Arbitrage, and Goldman Sachs, among others, participating in the anchor book. Non-institutional investors sought 60,456 shares of the 96.16 lakh shares offered. Retail investors bid for close to 4 lakh shares out of the 2.29 crore reserved. In comparison, qualified institutional buyers (QIBs) sought only 2,656 shares of the 1.28 crore reserved for them. The offer, which runs until January 31, 2023, is priced between Rs 3,112 and Rs 3,276.

Most Adani group shares extended their sharp falls to Monday as a detailed rebuttal of a U.S. short-seller's criticisms by the Indian conglomerate failed to ...

The Hindenburg report has led to a massive wipe-out in seven listed companies of the Adani group since last week. [(ADAI.NS)](https://www.reuters.com/companies/ADAI.NS) and Adani Total Gas [(ADAG.NS)](https://www.reuters.com/companies/ADAG.NS) plunged 20% each on Monday, while Adani Green Energy [(ADNA.NS)](https://www.reuters.com/companies/ADNA.NS) was down 18%. As of Monday, the seven listed group entities have collectively lost $66 billion in market capitalisation since the report was released. It already holds a 4.23% stake in the flagship Adani firm, while its other group exposure includes a 9.14% stake in Adani Ports and 5.96% in Adani Total Gas. There are at least six Adani Group companies in the MSCI India Index, with a cumulative weight of 4.31%. "The stocks run the risk of getting excluded from the MSCI. This may not immediately happen, but those funds who have bought it based on the MSCI ... 31, or tweaking the price due to the fall in its share price. Adani [said it complies](/business/indias-adani-group-hindenburg-report-intended-create-false-market-2023-01-29/) with all local laws and had made the necessary regulatory disclosures. Maybank Securities and Abu Dhabi Investment Authority are among investors who bid for the NEW DELHI, Jan 30 (Reuters) - Most Adani group shares extended their sharp falls on Monday as the Indian conglomerate's rebuttal of a U.S. The deal closes on Tuesday.

Despite rebounding in trade on Monday after the massive selloff last week, shares of Adani Enterprises are trading below the floor price of the FPO.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The response from qualified institutional investors remained muted. Given that Tuesday will be the last day for subscription, it remains doubtful on the success of the issue, pipped to be the largest-ever by a private company in India. The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares.

Hindenburg Report: IHC money to come in on final day; Maybank Securities has subscribed for shares worth Rs 2040 crore as anchor, LIC has submitted bids ...

[investment](/topic/investment) bankers are confident that the FPO will manage to scrape through. The stock had risen as much as 10 per cent in intraday trade to Rs 3,038. Even after factoring in investments by anchor investors, IHC and subscriptions garnered so far, AEL will require more than Rs 9,000 crore worth of bids from other investors on Tuesday. Maybank Securities has subscribed to shares worth Rs 2,040 crore in the anchor category, while state-owned Life Insurance Corporation of India has submitted bids worth Rs 300 crore. The issue, which closes on Tuesday, will require bids of more than Rs 13,000 crore to garner the full subscription. The

Adani Group calls Hindenburg Research the "Madoffs of Manhattan". TS Lombard expects some selling in India, but not long lasting.

Adani is not the norm. They told clients to dump the company’s stocks on Monday, saying Adani is running a “corporate con”. ](https://www.reuters.com/business/trading-shares-china-evergrande-units-halted-hkex-2022-03-21/)China stocks did fall on that news, but Zero Covid policy had as much to do with that sadsack market than Evergrande. For Deveshwar, “markets will stabilize in coming months.” [BLK](https://www.forbes.com/companies/blackrock) [iShares MSCI India](https://www.ishares.com/us/products/239659/ishares-msci-india-etf#/) (INDA [INDA](https://www.forbes.com/investment-funds/inda/) [Wisdom Tree India Earnings Fund ](https://www.wisdomtree.com/investments/etfs/equity/epi)(EPI). Over the last two years, Adani Enterprises is like the Indian bitcoin, up 470.9% — which is, in fact, much better than bitcoin (-32.4% over two years). The MSCI China and the CSI-300 Index, which measures Shanghai and Shenzhen listed stocks, have been rising since October. Modi remains very popular in India. Investors should not consider this the Indian version of the [“Evergrande” real estate default](https://www.washingtonpost.com/business/why-china-evergrande-defaulted-and-what-happens-next-for-bondholders/2022/12/12/0211ad6e-7a08-11ed-bb97-f47d47466b9a_story.html) in China. EPI and INDA have moved pretty much in lockstep over the last 12 months. [latest target of emerging market](https://www.forbes.com/sites/siladityaray/2023/01/30/adani-groups-listed-shares-continue-to-slide-as-war-of-words-with-hindenburg-escalates/?sh=576db7097fa9) short sellers. It’s up 79% over the last year while both the India ETFs are down by 8.8%.

The FPO is the largest in India Inc's history, and the company raised ₹5,985 crore from anchor investors. The stock is trading at a discount to the lower price ...

“Though the Hindenburg report talks of high valuations and over leverage by the Adani group, the nature of the industries in which Adani group companies operate and data on debt holding in Adani group companies indicate otherwise. Overall, brokerages maintained cautious optimism while highlighting the risk and rewards of investing in the company. Valuations is in the eyes of those who have a position and are willing to bet on it. The company’s shares are currently indicating a discount of ₹21 per share in the grey markets. Adani Group on Sunday gave a lengthy response to the allegations saying that it is in compliance with all applicable laws and regulations. The FPO closes on January 31. These days, there are many new age companies with no revenue model and with no earnings, Adani stocks may appear to be inexpensive,” said InGovern in a report. As on Monday, shares of Adani Enterprises are up nearly 4% at around 12:47 pm. It’s the second day of the IPO subscription process. Indian benchmark index Sensex and Nifty50 closed lower by around 1.5% each on Friday, as India VIX shot up 18%. [₹20,000 crore follow-on public offer](https://www.businessinsider.in/stock-market/news/adani-enterprises-20000-crore-fpo-price-band-open-date-and-other-key-facts/slidelist/97129042.cms)(FPO) has been subscribed just 1% on the end of day 1 on Friday. Advertisement

Adani Enterprises gained 5.26 per cent to hit a high of Rs 3030 after Abu Dhabi's IHC said it will invest $400 million (Rs 3200 crore) in the Adani ...

TRENDING MOST READ Adani Wilmar slipped 5 per cent to Rs 466.90. Adani Total Gas fell 10 per cent to Rs 2,112.90. Adani Transmission fell 4.67 per cent to Rs 1,630.25. Ambuja Cements added 2.25 per cent to Rs 396.15. Marketmen tracking the FPO said the issue can still sails through if the offer gets at least 90 per cent bids. The IHC announcement came, ahead of the conclusion of the issue later on Wednesday. IHC said it will subscribe to 16 per cent of Adani Enterprises' $2.5 billion FPO. Shares of Adani Enterprises jumped 5 per cent in Tuesday's trade after International Holding Company (IHC) announced Rs 3,200 crore investment in the Adani group flagship's follow-on public offer (FPO). The FPO so far received 3 percent subscription. Other Adani group stocks such as Adani Total Gas, Adani Green, Adani Transmission and Adani Wilmar and Adani Power extended their recent falls.

Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8100-9000 crore) from investors in Middle East and ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). On Saturday, the Ahmedabad-based company clarified that its FPO would continue as per the schedule and that there is "no change in the offer price". Investors must pay 50% of the offer price when placing bids and the remaining on one or more subsequent calls, as decided by the board." The company received bids for just 4,576 shares against 1.28 crore shares on offer in this category. Adani Enterprises will offer partly paid shares to retail investors at a discount of Rs 64 apiece to the issue price. Last Wednesday, the company raised Rs 5,985 crore from anchor investors ahead of the FPO by allotting 18.3 million shares at Rs 3,276 each to 33 institutional investors. [Adani Enterprises Limited](/topic/adani-enterprises-limited)(AEL) on Monday received a fresh investment commitment of $400 million, or roughly ₹3,200 crore, from Abu Dhabi-headquartered International Holding Company (IHC), taking the overall subscription figure close to the halfway mark of ₹10,000 crore for its ongoing follow-on public offer (FPO). Meanwhile, demand for the FPO failed to pick up on the second day of the issue, with the stock continuing to trade below the issue price. Adani Enterprises shares dropped 18.52% to close at Rs 2,762.15 on Friday. India Inc’s top-level executives including chief executives are likely to get a 9.1% average salary hike in 2023, according to Aon’s latest Executive Rewards Survey. Adani Enterprises shares gained 4.21% to Rs 2,878.50 on Monday compared with the offer price of Rs 3,112-3,176. The FPO has received subscriptions for 9.77 lakh shares, or 4%, in the retail investor category till 5 pm on Monday.

Adani stocks have been on an uptrend over the last couple of years, defying rich valuations. Despite the recent steep fall, some group stocks such as Adani ...

The Adani episode is a reminder to play the momentum cautiously or simply stay away from it. How the Adani Enterprises FPO fares will be key to how the group stocks perform in the near-term. Markets seemed to have priced in the worst,” says Karkera. A sound investment based on logic and fundamentals work in the long-term. Adani stocks have been on an uptrend over the last couple of years, defying rich valuations. - Adani stocks have been on an uptrend over the last couple of years, defying rich valuations. Adani Enterprises is down 31 per cent while Adani Green and Adani Transmission lost more than half of their value. One should have one’s own hypothesis to invest in a stock. The FPO subscription will not be as bad as it looks now. If the issue fails, the company says it will postpone its expansion plan. “The management had the option to delay the FPO or reduce the issue price. If you had invested in Adani companies looking at the business, review it.

Billionaire Gautam Adani's group firms have lost $65 billion in stock market value since Hindenburg Research's January 24 report.

Adani has called the report baseless. The issue was subscribed 3% by Monday. India's Adani Enterprises climbed 2% in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a U.S.

Adani Group stocks continued to witness volatility on Tuesday even as the ₹20000 crore follow-on public offer (FPO) of Adani Enterprises saw muted demand,

The Adani Enterprises FPO has been subscribed 80% as of 2 pm. While the Adani Group called the report as “unsubstantiated allegations and misleading narrative”, Hindenburg Research accused Gautam Adani of pulling off the “largest con in corporate history”. The company’s FPO shares are trading at a discount of ₹40 per share in the grey markets. His wealth has declined by $34.6 billion since the Hindenburg report was released on January 24. [I was working toward a promotion at Amazon when my manager started emailing me about needing coaching. ₹3,244 crore). Tuesday is the final day to subscribe to the Adani Enterprises FPO, and so far, the offer has been subscribed 80%. Adani Enterprises FPO subscribed 80% on Day 3 so far AdvertisementAdani Group stocks continued to witness volatility on Tuesday even as the ₹20,000 crore follow-on public offer (FPO) of Adani Enterprises saw muted demand heading into the final day of subscription. - The Adani Enterprises FPO has been subscribed 80% as of 2 pm, despite the Abu Dhabi-based International Holding Company committing an investment of $400 million in the FPO. - Adani Group stocks continued to witness volatility on Tuesday even as the ₹20,000 crore follow-on public offer (FPO) of Adani Enterprises saw muted demand, heading into the final day of subscription. Adani Enterprises FPO subscribed 80% so far on the last day

Adani's financial statements, management commentaries, and potential India/Adani growth story, the present fair value of Adani enterprise may be around INR 1094 ...

At the current TTM core operating EPS around 21.87, the fair value of Adani Enterprise may be around 1094/- and assuming Q3FY23 TTM core operating EPS is around 31.14, the current fair value may be around 1557/-. - As far as the mining services business is concerned, Adani EnterpriseLimited is the pioneer of the MDO concept in India. Thus considering a 30% average CAGR over FY:24-26, Adani Enterprise may report core operating EPS around 48.28-62.76-81.59, and assuming an average core operating PE around 50 (even after considering 30% average CAGR), the fair value may be around 1857-2414-3138-4080 (for FY: 23-26). Adani Enterprise reported core operating EPS 8.21, 7.26, 5.83, 0.58, and 1.17 in the last 5-quarters (Q2FY23, Q1FY23, Q4FY22, Q3FY22, and Q2FY22). The revenue for mining service for the quarter stood at Rs.4.20B and the EBITDA stood at Rs.2.07B Adani Enterprise is primarily an Adani family company controlling the management and holding almost 75% of publicly listed shares, while Indian DII major LICI (Government proxy) holds around 5%. The company went public in January 2022 with an initial public offering, after which Adani Enterprises and Wilmar International continued to hold a combined 88% stake in Adani Wilmar. Adani Digital Labs was incorporated in September 2021 as a wholly-owned subsidiary of Adani Enterprises, to build a digital platform for the consumers of Adani Group's B2C businesses. As of November 2020, it is the largest integrated solar cell and module manufacturer in India. Adani Cement or Adani Cement Industries Limited (ACIL) is a cement company based in Gujarat. Adani Airport Holdings is the airport management and operations subsidiary. In May 2022, Adani Defence Systems and Technologies, a wholly-owned subsidiary of Adani Enterprises, signed a definitive agreement to acquire a 50% stake in Bengaluru-based General Aeronautics.

Adani Enterprises FPO: Institutional demand can give the Adani group breathing room for adjusting oversubscription against the undersubscriptions in retail ...

[LIC loses Rs 18,000 crore in just 2 days as Adani group stocks crash. MOST READ Group CFO Jugeshinder Singh told BT TV that while retail investors are sensitive to share price, long-term institutional, long-term strategic investors do not see any change in the value of Adani Enterprises post the recent fall. One alternative that the Adani group can look at is that the offer can be underwritten to the extent of shortfall in the subscription, which will ensure that the FPO sails through. The issue will be deemed successful if it gets at least 90 per cent subscription. Shares of Adani Enterprises gained 5.26 per cent to hit a high of Rs 3,030.

Shares of billionaire Gautam Adani's flagship company Adani Enterprises were trading below the Rs 3000 mark, while the FPO was priced at Rs 3112-3276 per ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). India Inc’s top-level executives including chief executives are likely to get a 9.1% average salary hike in 2023, according to Aon’s latest Executive Rewards Survey. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) In between, Adani stocks have lost around one-fourth of Rs 5 lakh crore of their market value. The investment amounts to 16% of the FPO, which is India's largest ever. [Adani Stocks Stay Under Pressure in Choppy Mkt](/epaper/delhicapital/2023/jan/31/et-front/adani-stocks-stay-under-pressure-in-choppy-mkt/articleshow/97466228.cms)

Retail investors have taken a backseat as the stock price slid below the FPO price band, bidding for only 11 percent of the shares set aside for them. Qualified ...

They have bid for 16.1 million shares of the 12.8 million shares set aside for them. At the end of day 1, January 27, the Rs 20,000-crore FPO was subscribed 1 percent. Non-institutional investors have oversubscribed to 326 percent of the portion set aside for them. One of the anchor investors, IHC, poured another $400 million, it said in a statement on January 30. Meanwhile, employees have bid for 53 percent of the shares reserved for them. Qualified institutional buyers (QIB) are at the forefront.