Adani Enterprises share price: The stock was last seen trading 3.56 per cent up at Rs 2,223.10. Despite the mentioned rise, it has slipped 26.30 per cent in the last six months.
Gautam-Adani led Adani Group announced that its portfolio delivered the highest ever TTM Ebitda of Rs 86,789 crore in the quarter ended on December 31, 2024.
Care Ratings said the funds inflow from Adani Wilmar stake sale deal alleviates concerns on increased reliance on promoters towards bridging funding requirement for Adani Enterprises' capex in the medium term.
Shares of Adani Group dropped as much as 4 per cent at the opening tick on Wednesday's trading session after the US SEC requested assistance from Indian authorities in its investigation.
The Budget's focus was on strengthening domestic production of solar PV cells, EV batteries, wind turbines. This is seen as positive for Suzlon Energy, Triveni Turbines, Exide Industries and Waaree Energies Ltd.
AEL Q3: During the quarter under review, profit attributable to owners tumbled 96.93 per cent to Rs 57.83 crore from Rs 1,888.45 crore in the year-ago period (Q3 FY24).
It’s not just about perceived difficulty in raising money or reduce high debt levels. Analysts say the business does not sit well with the overall infrastructure piece of the conglomerate.
Ventura, which maintained a target price of Rs 3,801 on Adani Enterprises, noted that the transaction marks AEL's first major move since the US Department of Justice (DOJ) indictment in November 2024, signaling a robust return to business.
An analyst from Anand Rathi said that Adani Enterprises has surged 28% from its recent low, while key resistance at Rs 2,650-Rs 2,700 levels, while immediate support lies around Rs 2,500.
Adani Wilmar said Pranav V Adani, non-executive and non-independent director; and Malay Mahadevia, non-executive and non-independent director, representing ACL, have resigned from the board.
AEL share price: The stock surged 8.33 per cent to hit a day high of Rs 2,609.85. It was last seen trading 7.94 per cent higher at Rs 2,600.55. At this price, the scrip has slipped 10.85 per cent in calendar year 2024 which is drawing to a close.
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