Adani Enterprises has received reaffirmation in credit rating at Acutie A1+ and change in outlook to rating watch with developing implications for the company's commercial paper program of Rs 2,000 crore. Powered by Capital Market - Live

The key domestic indices traded with significant gains in afternoon trade. The Nifty traded above the 24,300 level. Media, metal and auto stocks jumped while pharma, realty and consumer durables shares decline. At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 419.44 points or 0.52% to 80,444.69. The Nifty 50 index rose 128.75 points or 0.53% to 24,323.25. In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.91%. The market breadth was strong. On the BSE, 2,447 shares rose and 1,326 shares fell. A total of 161 shares were unchanged. Gainers & Losers: Adani Enterprises (up 10%), Adani Ports and Special Economic Zone (SEZ) (up 7.77%), Trent (up 2.94%), Bharat Electronics (BEL) (up2.84%) and NTPC (up 2.56%) were the major Nifty gainers. Apollo Hospital Enterprise (up 1.37%), Shriram Finance (up 0.37%), Titan Company (up 0.68%), Asian Paints (up 0.64%), Britannia Industries (up 0.60%) were major Nifty losers. NTPC added 2.56% after the company announced the incorporation of a joint venture company between NTPC Green Energy (NGEL) and Maharashtra State Power Generation Company (MAHAGENCO). MAHAGENCO NTPC Green Energy (MNGEPL) has been incorporated as 50:50 joint venture between NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, and Maharashtra State Power Generation Company (MAHAGENCO), a Government of Maharashtra (GOM) owned company. Stocks in Spotlight: Bajaj Steel Industries shed 0.05%. The company said that it has successfully commenced commercial operation at its new plant at Nagpur for pre-engineered/pre-fabricated steel buildings (infrastructure division). Sky Gold locked lower circuit of 5%. The company informed that its board approved the issuance of bonus equity shares in the proportion of 9:1 i.e., 9 bonus equity shares for every 1 existing equity share held. Rail Vikas Nigam (RVNL) advanced 1.24% after the company received a letter of acceptance (LoA) for an Engineering, Procurement and Construction (EPC) contract worth Rs 625.08 crore from South Central Railway. Zaggle Prepaid Ocean Services hit an upper circuit of 5% after the company has entered into an agreement with Mastercard Technology (MasterCard) for 7 years. CG Power and Industrial Solutions rallied 3.63% after the company's subsidiary G.G.Tronics India (GGT) secured a KAVACH order from Chittaranjan Locomotive Works, West Bengal, Government of India Talbros Automotive Components zoomed 11.98% after the company, along with its JV's, received orders worth Rs 475 crore for both domestic and exports market from the leading OEM's. These orders are to be executed over the period of next 5 years. These orders include orders from all the company's product lines like gaskets, heat shields, forging components, chassis and hoses. Global Market: Most of the European market decline while Asian stocks traded mixed on Wednesday amid lingering concerns over Donald Trump's tariff plans, which had rattled emerging markets in the previous session. Speculation about the role tariffs would play in the president-elect's economic agenda intensified as reports surfaced that Jamieson Greer, a prot'g' of Robert Lighthizer, was being considered for US Trade Representative. This selection underscores the administration's focus on protectionist trade policies. In Australia, the consumer price index (CPI) inflation grew by 2.1% year-on-year in October, falling short of expectations due to government subsidies that helped reduce energy costs. However, core inflation, represented by the annual trimmed mean inflation, rose to 3.5% in October from 3.2% the previous month, pushing further above the Reserve Bank's target range. US stocks advanced on Tuesday, as strength in technology shares counterbalanced worries about potential tariff escalations under Donald Trump's administration. The S&P 500 climbed 0.57%, the Dow Jones Industrial Average rose 0.28%, and the NASDAQ Composite gained 0.63%. Among the Magnificent Seven tech stocks, five closed higher, led by Amazon.com Inc., which surged over 3%. The rally followed reports from Bloomberg that Amazon plans to reduce its reliance on NVIDIA Corporation by developing its own custom artificial intelligence chips. Investors also weighed mixed signals on U.S. interest rates. Minutes from the Federal Reserve's November meeting revealed a split among policymakers regarding the path of future rate cuts. They highlighted uncertainty about the neutral rate, a level that neither stimulates nor restricts economic growth, as a key factor for their cautious stance.Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,350.85, a premium of 0.94 points compared with the Nifty's closing 23,349.90 in the cash market. In the cash market, the Nifty 50 lost 168.60 points or 0.72% to 23,349.90. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, advanced 2.09% to 15.99. Adani Enterprises, State Bank of India and Adani Ports and Special Economic Zone were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

Adani Energy Solutions Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd and Adani Total Gas Ltd are among the other losers in the BSE's 'A' group today, 21 November 2024.Adani Enterprises Ltd crashed 20.47% to Rs 2242.85 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.52 lakh shares were traded on the counter so far as against the average daily volumes of 74136 shares in the past one month.Adani Energy Solutions Ltd tumbled 20.00% to Rs 697.7. The stock was the second biggest loser in 'A' group.On the BSE, 13.77 lakh shares were traded on the counter so far as against the average daily volumes of 1.88 lakh shares in the past one month.Adani Green Energy Ltd lost 17.08% to Rs 1170.65. The stock was the third biggest loser in 'A' group.On the BSE, 4.57 lakh shares were traded on the counter so far as against the average daily volumes of 62651 shares in the past one month.Adani Ports & Special Economic Zone Ltd slipped 12.30% to Rs 1130.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 12.68 lakh shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past one month.Adani Total Gas Ltd shed 10.90% to Rs 598.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 10.19 lakh shares were traded on the counter so far as against the average daily volumes of 85465 shares in the past one month.Powered by Capital Market - Live

Adani Energy Solutions (down 20%), Adani Green Energy (down 18.40%), Ambuja Cements (down 15%), Adani Power (down 14.19%), Adani Total Gas (down 14.03%), ACC (down 12.69%), NDTV (down 10.19%), Adani Wilmar (down 10%), Adani Enterprises (down 10%) and Adani Ports and Special Economic Zone (down 10%) slump. The US Securities and Exchange Commission (SEC) has formally accused Gautam Adani and his associates of a multi-billion dollar fraud scheme involving bribery and false statements. The charges allege that the Adani Group bribed Indian officials over $250 million to secure lucrative solar energy contracts. ' The SEC further claims that the group misled US and international investors about the bribery scheme during a 2021 bond offering. These actions, according to the SEC, led to significant financial gains for the Adani Group. Both the US SEC and the US Attorney's Office for the Eastern District of New York have filed charges against the accused, seeking legal action for securities fraud and wire fraud. ' Powered by Capital Market - Live

Adani Enterprises Ltd is down for a fifth straight session today. The stock is quoting at Rs 2833.25, down 1.28% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Adani Enterprises Ltd has lost around 8.64% in last one month.Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has eased around 10.64% in last one month and is currently quoting at 9078.5, down 2.5% on the day. The volume in the stock stood at 4.71 lakh shares today, compared to the daily average of 11.49 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 2833.35, down 1.35% on the day. Adani Enterprises Ltd jumped 27.31% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.The PE of the stock is 121.11 based on TTM earnings ending September 24.Powered by Capital Market - Live

Profit before tax (PBT) surged 204.5% YoY to Rs 2408.89 crore in Q2 FY25. EBITDA stood at Rs 4,354 crore in Q2 FY25, registering the growth of 46% as compared with Rs 4,354 crore in Q2 FY24. EBITDA margin stood at 46% in Q2 FY25. In Adani New Industries (ANIL) Ecosystem business, solar manufacturing module sales cross 2 GW during first six months; export increased by 64% and domestic sale increased by 139% on Y-o-Y basis. EBITDA margins continued to improve on account of improved realization and operational efficiency through integrated production of cell & module line. In Data Centre business, construction of Noida Data Centre completed around 95% of 50MW core & shell and 10 MW MEP, the Hyderabad Data Centre's Phase I (9.6MW) is 98% finished. In Pune, Data Centre I is 38% complete and Data Centre II is 61% complete for their respective Phase I (9.6MW). Under Adani Airports Holdings, the company added 6 new routes, 6 new airlines and 13 new flights during the quarter. Gautam Adani, chairman of the Adani Group, said, 'Our focus on execution of greenfield projects in ANIL across three giga scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase.' Meanwhile, the company's board has granted approval for public issuance of non-convertible debentures (NCDs) for an amount not exceeding Rs 2,000 crore in one or more tranches, Further, the board has decided to withdraw the draft scheme of arrangement among Adani Enterprises and Adani Wilmar and their respective shareholders & creditors. It noted that Adani Wilmar (AWL) requires to fulfill its compliance obligations regarding Minimum Public Shareholding (MPS). During the period in which AWL is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to shareholders, the draft Scheme is hereby withdrawn. 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

Net profit of Adani Enterprises rose 664.53% to Rs 1741.75 crore in the quarter ended September 2024 as against Rs 227.82 crore during the previous quarter ended September 2023. Sales rose 15.66% to Rs 22608.07 crore in the quarter ended September 2024 as against Rs 19546.25 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales22608.0719546.25 16 OPM %16.6612.43 - PBDT3444.081636.06 111 PBT2408.89879.10 174 NP1741.75227.82 665 Powered by Capital Market - Live

The Board of Adani Enterprises at the meeting held on 29th October 2024 has decided to withdraw the draft Scheme of Arrangement among Adani Enterprises Limited and Adani Wilmar Limited and their respective shareholders & creditors ('draft Scheme') that was approved by the Board in their meeting held on 1st August, 2024. The Board noted that Adani Wilmar Limited (AWL) requires to fulfill its compliance obligations regarding Minimum Public Shareholding (MPS). During the period in which AWL is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to shareholders, the draft Scheme is hereby withdrawn.Powered by Capital Market - Live

Adani Airport Holdings, wholly-owned subsidiary of Adani Enterprises (AAHL) has incorporated a subsidiary namely 'CELERITAS INTERNATIONAL FZCO (CIFZCO)' in UAE. CIFZCO is incorporated for the purpose of General Trading Business. Powered by Capital Market - Live