ADANI BRAZEN STOCK

Adani stocks recover most of their Hindenburg losses

A year later, the conglomerate has largely recovered from the shocks in the aftermath of the report, while shares of most group companies have managed to cut a portion of their losses.

Adani claws back narrative a year after Hindenburg; investors shun short seller

The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founder's share pledge and bringing in both promoter and marquee investor equity. The strategy seems to be paying off with share prices of some of the 10 listed companies recovering all of the Hindenburg losses.

Gautam Adani's lessons from Hindenburg fight fuel $93 billion rebound

Accused by Hindenburg, Gautam Adani's empire rebounded, trimming debt, securing projects, and gaining $90B in stock value. Despite regulatory scrutiny, Adani aligns with Modi's agenda, attracting new investors and solidifying family wealth amid reputational challenges.

Gautam Adani bets big on vast solar and wind plant

India is the world's third-biggest carbon emitter and Modi's government has been at the forefront of attempts to push back against the "phase out" of coal at global summits. But the world's most populous country and fastest-growing major economy needs ever more power, and Adani is building what he calls a "monumental" solar and wind project.

How the Adani Group reduced leverage to emerge stronger in the 12 months following the Hindenburg allegations

Investors appear confident rather than worried. Four of the ten listed stocks have fully recovered from their lowest since Hindenburg triggered the crash. Adani Power has more than doubled, while Adani Ports has gained 52%. ACC and Ambuja Cement have also recovered to the pre-Hindenburg level. However, Adani Wilmar, Adani Energy Solutions and Adani Total Gas still trade 33-73% lower.

In the salt deserts bordering Pakistan, India builds its largest renewable energy project

India aims to build the world's largest renewable energy project at Khavda in Gujarat in three years. Encompassing solar panels, wind turbines, and spanning 726 sq km, it's a pivotal initiative estimated to cost $2.26 billion, aligning with goals discussed at COP28 to triple global renewable energy while reducing fossil fuel usage.

Adani-Hindenburg row: Plea in SC seeks contempt action against SEBI

The plea said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.

Congress cites media reports to flag close links between Adani Group, 'shadowy network of confidantes' engaging in SEBI laws violations

The opposition party has been questioning the financial dealings of billionaire Gautam Adani's group after the US-based Hindenburg Research alleged "irregularities" and charged it with stock price manipulation. The Adani Group has denied all the allegations made in the Hindenburg report and claimed there had been no wrongdoing on its part.

'Textbook case of crony capitalism' and potential threat to national security: Cong on Adani ports

Ramesh asserted that this is not only a "textbook case of crony capitalism" but a potential threat to national security. "Since PM Modi and his pet agencies can't be expected to investigate this, we reiterate our call for a JPC to look into all aspects of the Adani MegaScam," he said.

TotalEnergies in talks to invest in Adani Green’s projects, sources say

The deal would increase Total’s presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects. It would also see Total deepen its ties with Adani Green, which it’s already the second largest shareholder of with a 19.75% stake, according to data compiled by Bloomberg.

After Hindenburg, Soros-backed OCCRP charges Adani Group for 'Brazen Stock Manipulation'

Adani group will thrive with or without Modi, bets GQG’s Jain

Rajiv Jain, chief investment officer at GQG Partners, has reaffirmed his fund's commitment to India, holding around $13bn in the country's stocks, despite broader investor worries about corporate governance and political risk. Jain added that he and his colleagues were looking to buy more, with Indian infrastructural projects presenting new opportunities. He also defended his decisions to invest some $2.5bn into beleaguered conglomerate Adani Group.

Six entities under lens for suspicious trading in Adani shares: SC panel

The Supreme Court-appointed expert committee investigating Adani Group's shares trading prior to the Hindenburg report's release found no evidence of price manipulation by firms linked to the group. However, the committee has identified six entities, including four FPIs, for suspicious trading, with a build-up of short positions in the Adani Group shares before the release of the negative report. The committee found substantial profits were booked as Adani shares crashed after the report's publication, and further investigations are being carried out in respect of the trading of the identified entities.

Adani co stocks rebound, add ₹20,205 cr in mcap

Adani Group's market capitalisation surged by ₹20,205 crore on Wednesday to ₹9.09 lakh crore after falling by ₹49,400 crore the previous day. In the past week, these stocks have weakened again, possibly due to negative news flow. The group's clarification late last night to stock exchange was in response to a report by The Ken earlier in the day which raised questions on whether the conglomerate's promoters had repaid its loans against the shares they had pledged.

ICRA revises rating outlook of Adani Ports, Adani Total Gas to 'negative'

Hindenburg in a report published in January accused the Adani Group of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

Adani stocks rally for a 3rd day, add Rs 30,000 cr to group m-cap

Flagship Adani Enterprises gained 2.75% to close at ₹1,607.25. Ambuja Cement and Adani Total Gas gained over 4% each. Adani Ports & Special Economic Zone moved up 3.5% and ACC rose 1.4%.

Adani stock crash deepens as investors lose another Rs 50,000 crore

Since the release of the Hindenburg report on January 25, the combined market capitalisation of all 10 Adani stocks have so far lost around Rs 11.62 lakh crore to Rs 7.58 lakh crore. In less than a month, Adani stocks have lost 60% of their value.

Adani Enterprises stock tanks over 12% as selling pressure intensifies

Wall Street short-seller Hindenburg Research had warned against price manipulation and accounting fraud by the group. Market regulator Sebi, which is already probing allegations made against the group, has now sought details of all ratings of local loans and securities of group companies from credit rating firms

Adani stocks slip again as MSCI weighs free-float tag

Adani Enterprises slid 11% to close at ₹1,925.70 and Ambuja Cements declined 7% to ₹357.80. Five stocks - Adani Green Energy, Adani Total Gas, Adani Power, Adani Transmission and NDTV - hit a 5% lower circuit barrier. Adani Wilmar gained 5% to close at ₹439.70, while ACC declined 3% to ₹1,916. "This MSCI move may result in likely weight reductions," said Abhilash Pagaria, head, Nuvama Alternative and Quantitative Research.

Adani stocks add to gains, regain Rs 49,000 cr in mcap

On Tuesday, the group's total market capitalisation rose by ₹12,190 crore - the first increase since the sell-off in its stocks began on January 25 triggered by the adverse Hindenburg Research report that resulted in its value almost halving.

Adani Group stocks rally, close off day's highs

According to Sudip Bandyopadhyay, group chairman of Inditrade Capital, long-term investors could look at buying Adani Ports and Adani Wilmar. "If you look at the valuations, these were relatively reasonably valued even pre-correction, and now post-correction, they are definitely attractive from a long-term investor's point of view, so these can be acquired," he said.

Adani bonds hit distressed levels after stock sale is pulled

Adani Green Energy’s 4.375% bond due Sept. 2024 declined more than 12 cents on the dollar to 66.75 cents in high-yield secondary trading, according to Trace data. One of Adani’s other green bonds fell 9 cents on the dollar, but did not yet reach distressed level.

Most Adani Group stocks bounce in a relief rally

Adani Total Gas, Adani Wilmar, and Adani Power were locked in their respective lowest trading prices for the day. Still, Adani Group on Tuesday lost ₹4,000 crore in market capitalisation after shedding ₹5.6 lakh crore since last Tuesday, triggered by Hindenburg Research's report on January 24 that accused the Ahmedabad-based industrial house of engaging in "brazen stock manipulation" and an "accounting fraud scheme."