Shares Adani Power touched an upper circuit level of 5% to ₹182 per share on the BSE in Wednesday's trading session, while Adani Wilmar rose to ₹419 per share ahead of today's third quarter results as Adani Group's majority Shares soared. His rebound from the sell-off that erased over $100 billion from the Indian conglomerate's market value.
Adani Power Limited (APL), a part of the diversified Adani Group, is all set to announce its earnings for the third quarter ended December 2022. power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh and a 40 MW solar power project in Gujarat. The stock is up more than 68% over a one-year period.
Adani Wilmar
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419.3519.95 (4.99%)
Updated - 08 February 2023
419.35
high day
408.10
day less
1,87,569.00
Vol (BSE)
Adani Wilmar is a Joint Venture (JV) between Adani Group and Wilmar Group. Following the Hindenburg Report, Wilmar International Ltd told Bloomberg News that it would continue to support its joint venture with the Adani Group, adding that the report did not raise any specific issues for the unit. Adani Wilmar shares have rallied over 56% in a year.
Market participants also await the results of MSCI Inc.'s quarterly review of its gauges on February 9. The index provider said last month that it has sought feedback from market participants on Adani Group's position and is closely monitoring any information that could hold it back. the securities of the group from being eligible for its gauge.
The Adani Group on Monday said the promoters will make a pre-payment of $1,114 million to release pledged shares of their firms before maturity in September 2024. These shares belong to Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission.
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