Explorer

Shares Of Adani Group Firms End On A Mixed Not, Adani Wilmar Rises 5 Per Cent

Adani Wilmar stock climbed 5%, NDTV rose 4.99%, , Adani Power jumped 4.97%, , Adani Ports advanced 1.45%, , Adani Enterprises ended 1%, up, while Ambuja gained 0.99%

Shares of Adani Group firms ended on a mixed note on Thursday after rallying in the morning trade amid volatile trend in the broader market.

Adani Wilmar stock climbed 5 per cent, NDTV rallied 4.99 per cent, Adani Power jumped 4.97 per cent, Adani Ports advanced 1.45 per cent, Adani Enterprises ended 1 per cent higher and Ambuja Cements advanced 0.99 per cent on the BSE.

However, shares of Adani Total Gas tanked 5 per cent, Adani Transmission fell 4.93 per cent, Adani Green Energy dipped 0.69 per cent and ACC declined 0.55 per cent.

In the broader market, the BSE Sensex ended marginally higher by 44.42 points or 0.07 per cent at 61,319.51.

Most of the Adani Group stocks had ended higher on Wednesday.

Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the group despite a share rout triggered by a damning report by a US short-seller.

Group CFO Jugeshinder (Robbie) Singh in an earnings call said the group is confident of its internal controls, compliance and corporate governance.

"Our balance sheet is very healthy. We have industry-leading development capabilities, strong corporate governance, secure assets and strong cash flows," Singh said.

The group has been under pressure since the Hindenburg Research on January 24 accused it of accounting fraud and stock manipulation, allegations that the conglomerate has denied as "malicious", "baseless" and a "calculated attack on India".

Listed companies of the group have lost over $125 billion in market value in three weeks.

Meanwhile, S&P Global Ratings on Thursday placed its ESG evaluation for Adani Transmission Ltd (ATL) 'under review' following the US short-seller raising governance issues at the group.

When monitoring environment, social and governance (ESG) evaluations, S&P uses the term 'under review' (and the label 'UR') to identify certain ESG Evaluations as being potentially affected by changing events. 

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Maharashtra Elections: With 50 Rebels In Fray, Can Mahayuti And Maha Vikas Aghadi Contain The Dissent?
Maharashtra Elections: With 50 Rebels In Fray, Can Mahayuti And Maha Vikas Aghadi Contain The Dissent?
India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
Jharkhand Elections: INDIA Bloc Arrives At Seat-Sharing Agreement For Assembly Polls, Friendly Fight In 3 Seats
INDIA Bloc Arrives At Seat-Sharing Agreement For Jharkhand Polls, Friendly Fight In 3 Seats
Pawar Family Hosts Separate Diwali Events For 1st Time As Ajit, Sharad Gear Up For Maharashtra Polls
Pawar Power Split: Pawar Family Hosts Two Diwalis For 1st Time As Ajit, Sharad Gear Up For Polls
Advertisement
ABP Premium

Videos

Maharashtra Election: If Numbers Are Needed, Who Will You Choose? Devendra Fadnavis Makes a 'Prediction'Maharashtra Election: Listen to Raj Thackeray's Take On Who Will Be Maharashtra's Next CM | Raj Thackeray ExclusiveMaharashtra Election: Ajit Pawar Speaks Out on Allegations of Collusion with Sharad Pawar | Ajit Pawar ExclusiveChirag Paswan Exclusive Interview: Responds with Laughter on Marriage, Uncle, Nitish & PM Modi | ABP LIVE

Photo Gallery

Embed widget