Adani Power Share Price

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.

Tata Motors Share Price, 439.95 · -5.65 (-1.27%) ; ITC Share Price, 345.80 · -0.20 (-0.06%) ; Adani Power Share Price, 235.55 · -12.40 (-5.00%) ; Infosys Share Price, 1538.70 · 19.55 (1.29%) ; RIL Share Price, 2326.80 · -10.55 (-0.45%).

[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 two Adani stocks were in focus on Friday after ET reported that the Group is considering a share buyback of Adani Ports and Ambuja Cements worth up to Rs 3,000 crore. Adani bulls have been enjoying a one-way rally that defied gravity and all valuation metrics in the last few years. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. "Price is not relevant to large, strategic, inter-generational investors. Adani Wilmar Ltd. Adani Transmission Ltd. Adani Power Ltd. Adani Total Gas Ltd. Adani Enterprises Ltd. Adani Green Energy Ltd. Adani Ports and Special Economic Zone Ltd.

Shares of Adani Power crashed 5 per cent to Rs 236.65 amid positive sentiment in the broader market today. The stock has lost 15% in the last three ...

A report by Hindenburg Research alleging accounting frauds, stock manipulations and money laundering last week led to negative sentiment around the Adani Group stocks in the last three sessions. Shares of Adani Power were stuck in the lower circuit in early trade, falling for the third straight session today after a report by Hindenburg Research alleged accounting frauds, stock manipulations and money laundering by the Adani Group. It also said that they either did not do proper research or did proper research but misled the public. However, the stock has gained 122.52% in a year, even after accounting for today’s fall. With today’s fall, the stock is down 21.29 percent in 2023. Shares of Adani Power crashed 5 per cent to Rs 236.65 amid positive sentiment in the broader market today.

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 witnessed a choppy trade on the first trading day of the week.

-- EBITDA up 10.2 percent at Rs 165.8 crore vs Rs 150.5 crore year-on-year -- Revenue up 30 percent at Rs 1,778.5 crore vs Rs 1,368.2 crore year-on-year -- Net profit up 33.5 percent at Rs 95.3 crore vs Rs 71.4 crore year-on-year -- EBITDA up five percent at Rs 400 crore vs Rs 381 crore year-on-year -- Revenue up seven percent at Rs 3,538 crore vs Rs 3,312 crore year-on-year -- Net profit up 11.1 percent at Rs 198.1 crore vs Rs 178.3 crore year-on-year MSCI over the weekend have put out a consultation paper and in a further course of time, they will decide on how they treat the Adani stocks which are part of the MSCI Global Standard Index. The to and fro between the Adani Group and the Hindenburg Research continued on Monday morning with the group CFO Jugeshinder 'Robbie' Singh refuting charges of fraud vehemently in an interview with CNBC-TV18. -- EBITDA up 4.8 percent at Rs 114.4 crore vs Rs 109.2 crore year-on-year -- EBITDA down 52 percent at Rs 26.5 crore vs Rs 55.1 crore year-on-year -- Revenue down 36.2 percent at Rs 383.8 crore vs Rs 601.4 crore year-on-year -- Net profit down 63.5 percent at Rs 10.5 crore vs Rs 28.9 crore percent

slipped 5.0 per cent to Rs 235.65 in Monday's trade. It hit a high of Rs 235.65 and low of Rs 235.65 during the session. On the technical charts, the 200-DMA of ...

On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way. [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 other hand, the Relative Strength Index (RSI) of the stock stands at 23.49. The stock traded below the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bearish bias on the counter. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Hindenburg Report: Anderson shot to fame in 2020 when Hindenburg Research released a report on electric vehicle maker Nikola alleging that the company was ...

Anderson shot to fame in 2020 when his company released a report on electric vehicle maker Nikola alleging that the company was "misrepresenting" the technology. But for Adani, and many Indians, Anderson is no longer a stranger. Our experience in the investment management industry spans over a decade, with a historical focus on equity, credit, and derivatives analysis. According to a Bloomberg report, Anderson grew up with a penchant for asking "big questions". According to Anderson's LinkedIn profile, "Hindenburg Research specializes in forensic financial research. Gautam Adani, who was the second richest person in the world just days ago, has slipped to the seventh spot in the Forbes ranking.

Adani Enterprises, which has come out with a Rs 20000 crore FPO, was trading with a gain of 6.58 per cent at 10.10 am IST. Adani Ports also gained 4.89 per ...

Adani Group stocks lost a market value of Rs 4.17 lakh crore last week. Some of the Adani stocks staged a recovery on the stock exchanges in intra-day trading on Monday. Adani Enterprises, which has come out with a Rs 20,000 crore FPO, was trading with a gain of 6.58 per cent at 10.10 am IST.

India Business News: On Monday, Hindeburg Research claimed that "Adani Group has attempted to conflate its meteoric rise and the wealth of its Chairman, ...

Further, these are also disclosed by us, are publicly available to all regulators and our stakeholders, and have been duly verified and audited by independent third parties who are competent and have the required expertise in this respect. However, in the interest of governance and transparency to all of our stakeholders, the following are details of the matter. In yet another scandal, Adani was accused of over-valuing coal imports through shell entities in Dubai, the UAE, Singapore, and the BVI. The first DRI investigation (initiated pursuant to show cause notice issued to Maharashtra Eastern Grid Power Transmission Company Limited & others) has been adjudicated before the courts and has been closed and dismissed in our favour. In 2014, the DRI once again accused Adani of using intermediary UAE-based shell entities controlled by Vinod Adani to siphon funds, in this case through the over-invoicing of 31 power equipment. This matter has been disposed of by SEBI on 17th April 2008 and has also been duly disclosed by us in the public domain.(Allegation #31) We are neither aware of, nor are we required to be, aware of any proceedings against these other “entities and individuals”, who are not Adani promoters.(Allegation #28) The first DRI investigation (initiated pursuant to show cause notice issued to Maharashtra Eastern Grid Power Transmission Company Limited & others) has been adjudicated before the courts and has been closed and dismissed in our favour and consequently it has been determined that there was no over-invoicing. Further, these have been disclosed by us in the public domain and all our stakeholders are aware of the same. : There are no ongoing proceedings against the Adani promoters before SEBI in relation to this issue and all past cases before SEBI have been closed. Adani has been subject to numerous allegations of fraud by the DRI and other government agencies. The report seeks answers to “88 questions” – 65 of these relate to matters that have been duly disclosed by Adani Portfolio companies in their annual reports available on their websites, offering memorandums, financial statements and stock exchange disclosures from time to time.

The Adani group — led by billionaire Gautam Adani — on Sunday released a 413-page response to allegations of wrongdoing by Hindenburg Research.

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