Business Standard brings to you the top headlines on Friday
Cites second wave for invoking force majeure
Adani Power, Adani Total Gas and Adani Transmission hit their 5% lower trading limit for a fourth straight day
A temporary bout of nervousness in the stock market won't shake Asia's second-richest man.
The six group stocks are down 4.5-16% this week following reports that the accounts of top FPIs have been frozen
NSDL has already clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen
Shares of Adani's firms nosedived Monday after a local media report said accounts of these funds - owning about $6 billion of shares across the conglomerate - were frozen by NSDL
Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
Shares recoup some losses after company, NSDL, FPIs deny report
The Adani group has five listed entities, and the median number of analysts covering the group is one, lower than that of other large groups
Group's listed stocks' P/E of 102x over three times Sensex's 33x
Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have investment in a number of domestically listed firms besides the Adani group firms
These reports are causing irreparable loss of economic value to the investors at large, Adani Group Companies said in bourse filings
Adani Group clarified that the demat accounts of three foreign funds-Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in group Companies are not frozen.
If the stock of Adani Enterprises fails to hold the support of Rs 1,300 levels, it may slip to Rs 1,000-mark, translating into a downside of 23 per cent from the current levels, charts suggest
Shares of all six companies - Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas and Adani Transmission - hit their respective lower circuits in intra-day trade today
Adani Total Gas, Adani Enterprises and Adani Transmission 'look extended', Bloomberg Intelligence analysts wrote in a June 10 note
Companies hesitant to invest in new projects as financing is difficult to come by and long-term demand is uncertain.
Redevelopment cost pegged at Rs 1,642 cr; project to be executed on design, build, finance, operate and transfer (DBFOT)-basis