Adani Enterprises Ltd is up for a third straight session in a row. The stock is quoting at Rs 2428.3, up 1.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77056.18, up 0.43%. Adani Enterprises Ltd has dropped around 2.38% in last one month. Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has dropped around 8.65% in last one month and is currently quoting at 8280.95, up 1.43% on the day. The volume in the stock stood at 19.6 lakh shares today, compared to the daily average of 17.69 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2444.45, up 2.31% on the day. Adani Enterprises Ltd is down 18.27% in last one year as compared to a 8.08% spurt in NIFTY and a 9.17% spurt in the Nifty Metal index.The PE of the stock is 100.78 based on TTM earnings ending September 24.Powered by Capital Market - Live

Adani Green Energy (up 6%) and NDTV (up 6%) surged the most. Following closely were Adani Power (up 5.7%) and Adani Enterprises (up 5.5%). Adani Total Gas (up 4%) and Ambuja Cements (up 4%) also saw significant gains. Adani Ports and Special Economic Zone (up 3.8%) and ACC (up 3.6%) rounded out the list with strong performances. Adani Energy Solutions (up 1.8%) experienced the least significant surge among the listed companies. In a personal note published on January 15th, Hindenburg founder Nate Anderson stated that the firm will complete its ongoing investigations, primarily focused on uncovering Ponzi schemes, before officially closing its doors. ' Hindenburg's research reports, published since 2023, had significantly impacted Adani Group, leading to substantial losses for the Indian billionaire. All allegations made by Hindenburg were vehemently denied by Adani and his companies. ' Anderson did not provide a specific reason for disbanding Hindenburg. His announcement comes shortly after a Republican Congressman on the House Judiciary Committee requested the Department of Justice to preserve documents related to the Adani Group investigations. ' In his note, Anderson praised his team's dedication and highlighted the impact of their work in exposing financial fraud, including charges against numerous high-profile individuals. He also announced plans to publicly share Hindenburg's research methodology, aiming to empower others to conduct their own investigations into financial misconduct. ' Anderson stated his intention to spend more time with family and support his team's future endeavors. Hindenburg Research has gained notoriety for its short-selling reports that often allege financial misconduct by publicly traded companies. Their investigations have significantly impacted the financial markets and contributed to regulatory actions against numerous companies and individuals. Powered by Capital Market - Live

Shares of Adani Enterprises (AEL) jumped 7.65% to Rs 2,593.45 while those of Adani Wilmar declined 0.17% to Rs 329.50 on the BSE. Adani Enterprises, Adani Commodities LLP (a wholly-owned subsidiary of AEL) and Lence Pte. (a wholly owned subsidiary of Wilmar International) have entered into an agreement on 30 December 2024, under which Lence will acquire all the paid-up equity shares of Adani Wilmar (AWL) held by ACL as at the date of exercise of the call option or put option, as the case maybe, in respect of a maximum of 31.06% of the existing paid up equity share capital of AWL. In addition, AEL will divest around 13% shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements. Upon completion of these two transactions, AEL would completely exit its about 44% holding in Adani Wilmar. As on Friday, 27 December 2024, Adani Wilmar had market capitalization of Rs 42,785 crore (US$ 5.0 billion). AEL will use the proceeds from the sale to turbocharge its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacencies in primary industry. AEL added that it will continue to invest in infrastructure sectors which will further strengthen its position as India's largest listed incubator of platforms playing the key macro themes underpinning India's growth story. Accordingly, the company has also executed the agreement and the directors nominated by ACL, i.e., Pranav V. Adani and Dr. Malay Mahadevia, shall resign from the board of directors of Adani Wilmar. Adani Wilmar is a provider of Edible Oil, Vanaspati, and Specialty Fats. The company offers soyabean oil, sesame oil, sunflower oil, cottonseed oil, groundnut oil, mustard oil, groundnut oil, and coconut oil, as well as vegetable ghee. The company is one of the largest FMCG companies in India. Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centred on the fields of airport management, technology parks, roads, data centre and water infrastructure. Powered by Capital Market - Live

Adani Enterprises (AEL), Adani Commodities LLP (ACL, a wholly-owned subsidiary of AEL) and Lence (a wholly-owned subsidiary of Wilmar International (Wilmar) have entered into an agreement on 30 December 2024 pursuant to which Lence will acquire all the paid-up equity shares of Adani Wilmar held by ACL as at the date of exercise of the call option or put option, as the case maybe, in respect of a maximum of 31.06% of the existing paid up equity share capital of AWL. In addition, it has been agreed between the parties that AEL will divest ~13% shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements. It may be noted that with completion of these two legs, AEL would completely exit its ~44% holding in Adani Wilmar. As on Friday, 27 December 2024, Adani Wilmar had market capitalization of Rs 42,785 crore (US$ 5.0 billion). In consideration of the above, AEL's board of directors has adopted a resolution noting the resignation of ACL's nominee directors from the board of Adani Wilmar. The parties have agreed to take further steps for change of name of 'Adani Wilmar'. AEL will use the proceeds from the sale to turbocharge its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacencies in primary industry. AEL will continue to invest in infrastructure sectors which will further strengthen AEL's position as India's largest listed incubator of platforms playing the key macro themes underpinning India's growth story.Powered by Capital Market - Live

Adani Enterprises announced that pursuant to the allotment of further equity shares by Jhar Mineral Resources, a wholly owned subsidiary company (JMRPL), the Company's stake in JMRPL has been diluted to 51%. Accordingly, effective today i.e. 27 December 2024, JMRPL will be a subsidiary (and not a wholly owned subsidiary) of the Company.Powered by Capital Market - Live

Adani Enterprises Ltd gained for a third straight session today. The stock is quoting at Rs 2429, up 1.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23849.94921875. The Sensex is at 78785.09, up 0.4%. Adani Enterprises Ltd has slipped around 0.33% in last one month. Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has slipped around 2.19% in last one month and is currently quoting at 8805.25, down 0.42% on the day. The volume in the stock stood at 6.82 lakh shares today, compared to the daily average of 26.39 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2442.05, up 0.99% on the day. Adani Enterprises Ltd is down 13.56% in last one year as compared to a 9.51% spurt in NIFTY and a 10.63% spurt in the Nifty Metal index.The PE of the stock is 101.47 based on TTM earnings ending September 24.Powered by Capital Market - Live

Gidhmuri Paturia Collieries belongs to the mining business. The main objective of acquisition is to develop and operate the mines of coal and other minerals. The company has acquired 2,600 equity shares of face value of Rs 10 each, constituting 26% of share capital of GPCPL for an aggregate investment of Rs 26,000. GPCPL was incorporated on 30 March 2019. GPCPL is engaged in the business of developing and operating the mines of coal and other minerals. Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centred on the fields of airport management, technology parks, roads, data centre and water infrastructure. The company's consolidated net profit surged 664.5% to Rs 1,741.75 crore on 15.7% jump in net profit to Rs 22,608.07 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Adani Enterprises (AEL) has acquired 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services. Consequent to the above, GPCPL became a wholly owned subsidiary of the Company.Powered by Capital Market - Live

According to the regulatory filing, the acquisition will be made at an enterprise value of Rs 400 crore. Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics as well as asset management services to its Indian and global customers. The company undertakes base maintenance for narrowbody and turboprop aircraft, as well as rotary aircraft from its facilities at Hosur, Mumbai and Kochi and with regulatory approvals from civil aviation authorities of more than 20 countries. In addition to being a market leader in civil aviation, Air Works has built significant capabilities in defence MRO, executing projects for key platforms of Indian Navy and Indian Air Force. Jeet Adani, director of Adani Airports, said, 'The Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircraft in the coming years. This growth aligns seamlessly with the government's vision to connect every corner of our nation, creating unprecedented opportunities in aviation services. For us, creating a presence in the MRO sector is more than just a strategic step it's a commitment to building an integrated aviation services ecosystem that strengthens the backbone of India's aviation infrastructure. Together, we are excited to play a pivotal role in shaping the future of India's skies.' Ashish Rajvanshi, CEO of Adani Defence & Aerospace, said, 'This landmark acquisition represents a pivotal step in Adani Defence & Aerospace's mission to strengthen India's MRO capabilities. Our vision is to deliver a full-spectrum MRO offering'spanning line, base, component, and engine maintenance to meet the needs of both commercial and defence aviation sectors. In a time when Aatmanirbharta in defence is a national imperative, we stand fully committed to scaling domestic capabilities to serve both our armed forces and the broader aviation sector. This is our pledge to the nation'to build capabilities that secure our skies and strengthen our sovereignty.' The scrip shed 0.13% to settle at Rs 2,341.95 on the BSE. Powered by Capital Market - Live

Adani Enterprises Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2407.9, down 0.47% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.Adani Enterprises Ltd has added around 10.27% in last one month.Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has increased around 2.76% in last one month and is currently quoting at 8977.2, down 0.22% on the day. The volume in the stock stood at 7.41 lakh shares today, compared to the daily average of 59.08 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 2413.8, down 0.53% on the day. Adani Enterprises Ltd tumbled 14% in last one year as compared to a 11.64% rally in NIFTY and a 19.06% spurt in the Nifty Metal index.The PE of the stock is 102.22 based on TTM earnings ending September 24.Powered by Capital Market - Live