Adani Group

2024 - 5 - 23

Adani Group's Rollercoaster Ride: From Market Cap Triumph to Allegations

adani enterprises share price Adani Group - coal supply - Financial Times report - market capitalization - Sensex - Wipro - adani enterprises share price

Adani Group's market cap reaches $200 billion as company rebuts coal invoicing claims and faces heat over coal supply. Find out how Adani shares reacted to quality report accusations and false claims.

The Adani Group witnessed a rollercoaster ride in the stock market, with its market capitalization soaring to USD 200 billion despite facing allegations of coal invoicing irregularities. Listed firms of the conglomerate gained Rs 11,300 crore, showcasing resilience amid controversies. Reports surfaced of Adani Group potentially overcharging for coal, adding an environmental dimension to existing accusations.

Amid the turmoil, key Adani Group shares managed to trim losses triggered by a report alleging the sale of low-grade coal as a higher-grade alternative. The flagship company, Adani Enterprises, faced scrutiny but closed higher, reflecting investor confidence despite the negative publicity.

In a bold move, Adani Group dismissed reports of selling 'low-grade' coal as false and baseless, with company stocks rebounding from earlier dips. The CFO's witty response, mocking investigative reports, added a touch of humor to the tense situation, sparking varied reactions.

As the market buzz continues, the election period saw Adani Power Ltd emerging as a top gainer, climbing 13.54%, alongside Adani Ports, ACC, and Adani Green Energy. These performances hint at the influence of key players like Adani in shaping market trends.

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Image courtesy of "Business Standard"

Adani group mcap regains $200 bn-mark as co rebuts coal invoicing ... (Business Standard)

Adani Group's market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11300 crore as ...

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Image courtesy of "Financial Express"

Adani Group faces heat over coal supply (Financial Express)

A Financial Times report on Wednesday said documents accessed by OCCRP add a potential environmental dimension to other accusations against the ...

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Image courtesy of "Moneycontrol.com"

Key Adani Group shares trim losses triggered by coal quality report (Moneycontrol.com)

According to a report by UK's FT, Adani Group sold low-grade coal as a more expensive, higher grade alternative to the Tamil Nadu Generation and ...

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Image courtesy of "Business Today"

'False and baseless': Adani Group pans report on 'low-grade' coal ... (Business Today)

Group flagship, Adani Enterprises, which hit a low of Rs 3075 during trade today, closed 0.61 per cent higher at Rs 3134.75. Adani Ports ended at Rs 1377.90 ...

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Image courtesy of "Livemint"

'Britain had to colonise India because...': Adani CFO mocks reports ... (Livemint)

The CFO of Adani Group said that Britain had to colonise India in 1757 AD to stop the formation of the Adani Group, mocking an investigative report by the ...

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Image courtesy of "OCCRP"

New Evidence Bolsters Allegations Adani Group Overcharged for ... (OCCRP)

An investigation into whether India's powerful Adani Group was overvaluing the coal it sold to power companies was effectively stopped in the courts after ...

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Image courtesy of "Business Today"

Elections 2024: How Adani, Ambani, Tata group shares fared amid ... (Business Today)

Adani Power Ltd climbed 13.54 per cent, followed by Adani Ports, ACC and Adani Green Energy that rose 4.7-6.9 per cent during the election period.

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Image courtesy of "India TV"

Adani Group mcap regains USD 200 billion mark as company rebuts ... (India TV)

The gain came on a day when London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP) ...

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Image courtesy of "Business Standard"

Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex (Business Standard)

Adani Enterprises is expected to replace Wipro in the benchmark Sensex. A formal announcement in this regard is expected on Friday as part of the ...

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Image courtesy of "Moneycontrol.com"

Adani Enterprises set to replace Wipro in Sensex; first Adani Group ... (Moneycontrol.com)

The official announcement is anticipated on Friday, May 24, aligning with the semi-annual rebalancing exercise for the BSE indices.

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Image courtesy of "Deccan Herald"

Adani Group overcharged for coal, new evidence bolsters ... (Deccan Herald)

The probe against the conglomerate's chairperson, who many of the political opposition has claimed is close to Prime Minister Narendra Modi, was stopped from ...

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Image courtesy of "Business Today"

Adani Enterprises shares set to replace Wipro in Sensex; stock ... (Business Today)

Adani Enterprises share price: On the stock-specific front, the company's shares saw a sharp uptick in Thursday's trading session.

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Adani group stocks rally; Enterprises surges 8%, Ports, Power hit ... (Business Standard)

Report say Adani Enterprises may replace Wipro in the benchmark Sensex index. This may lead to inflows worth Rs 1000 crore in the stock.

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Image courtesy of "CNBCTV18"

Adani Group stocks surge amid reports Adani Enterprises may ... (CNBCTV18)

All 10 listed companies of the Adani Group gained in trade on Thursday, May 23, amid record highs in both benchmark indices, Sensex and Nifty.

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Image courtesy of "Hindustan Times"

Adani Enterprises may replace Wipro from Sensex: What it means ... (Hindustan Times)

IIFL Alternative Research said that the addition of Adani Enterprises to the Sensex will result in inflows worth almost ₹1000 crore from passive funds.

Adani Group: Financial Times report against Adani Group is just for ... (The Economic Times)

Cantor Fitzgerald dismisses recent Financial Times report on Adani Group as market noise, indicating investors' confidence remains intact.

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Image courtesy of "NDTV Profit"

Adani Group Shares Rally, Enterprises Stocks Jump 8% (NDTV Profit)

Shares of Adani Group companies continued to remain in the limelight on Thursday, with the flagship Adani Enterprises rallying 8 per cent, amid reports of ...

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Image courtesy of "NDTV"

"Just For Noise": Cantor Fitzgerald Trashes Financial Times Article ... (NDTV)

The latest Financial Times report targetting Adani Group "is just noise from a long time ago", global financial services firm Cantor Fitzgerald noted, ...

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Image courtesy of "Business Standard Hindi"

Adani Group Stocks: अदाणी ग्रुप के शेयर चमके, अदाणी एंटरप्राइजेज ... (Business Standard Hindi)

बीएसई (BSE) पर अदाणी एंटरप्राइजेज का शेयर 8.01 प्रतिशत चढ़कर 3391.20 रुपये पर पहुंच गया। एनडीटीवी के शेयरों में 7.56 प्रतिशत की ...

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Image courtesy of "Business Standard Hindi"

Adani Group का Mcap 213 अरब डॉलर हुआ, एक दिन में 63282 करोड़ रुपये ... (Business Standard Hindi)

अदाणी एनर्जी सॉल्युशंस, अदाणी टोटाल गैस और अदाणी विल्मर को छोड़कर समूह के अन्य सभी शेयर हिंडनबर्ग रिपोर्ट के बाद हुए नुकसान की ...

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Image courtesy of "Deccan Herald"

Adani group faces allegations of selling low-grade coal as high quality (Deccan Herald)

New Delhi: The Adani Group is at the centre of yet another controversy, with the Organized Crime and Corruption Reporting Project (OCCRP) alleging that the ...

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Image courtesy of "Business Standard"

Adani Enterprises recovers all stock mkt losses sparked by ... (Business Standard)

By Chiranjivi Chakraborty and Ashutosh Joshi. Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani's group, have erased all the ...

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Image courtesy of "नवभारत टाइम्स"

Adani Group Share: अडानी ग्रुप के इस शेयर से छूटा हिंडनबर्ग रिसर्च का ... (नवभारत टाइम्स)

अडानी ग्रुप की फ्लैगशिप कंपनी अडानी एंटरप्राइजेज के शेयरों में गुरुवार को आठ फीसदी से ज्यादा तेजी आई थी और आज भी यह तेजी बनी हुई है।

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21 int'l bodies ask CJI for early resolution of Adani coal imports case (Business Standard)

At least 21 international organisations have written to Chief Justice DY Chandrachud and requested the Supreme Court to speedily resolve the pending case ...

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Image courtesy of "Moneycontrol.com"

Six Adani group stocks trade at pre-Hindenburg report levels (Moneycontrol.com)

Six Adani group stocks, including Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Ports & SEZ, have erased the losses triggered by a critical ...

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Image courtesy of "The Statesman"

Toolkit against certain business activities of Adani Group exposed (The Statesman)

Experts on Thursday exposed a toolkit against certain business activities of the Adani Group, linking a cartel of Communists, Pakistanis, Islamic radicals, ...

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Image courtesy of "Business Today"

Adani Group Stocks: Rajiv Jain-backed GQG's investments grows ... (Business Today)

GQG Partners' Rajiv Jain picked up stake in various Adani Group companies after the damning report by the US-based short seller Hindenburg Research released ...

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Adani Enterprises shares erase Hindenburg losses; price target at ... (Business Today)

Adani Enterprises climbed 1.91 per cent to hit a high of Rs 3456.25, surpassing the Rs 3442.75 level at which it closed at on January 24, 2023.

Chatter doesn't matter: Has Adani been able to firewall himself ... (The Economic Times)

The Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value.

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Rajiv Jain's GQG sees its investment in Adani stocks grow 150% to ... (Moneycontrol.com)

GQG Partners has invested a total of $4.3 billion in various Adani Group companies.

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This Adani Group stock to be included in Sensex from June 24 ... (Business Today)

Page Industries Ltd, SBI Cards and Payment Services Ltd, ICICI Prudential Life Insurance Company Ltd, Jubilant FoodWorks Ltd and Zee Entertainment Enterprises ...

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Image courtesy of "The Statesman"

Shares of Adani Group's listed firms see sharp rally, Adani ... (The Statesman)

The Adani Group companies' stocks saw great momentum on Thursday as the Indian indices went through a sharp rally, with the flagship Adani Enterprises ...

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