Net profit of Adani Power declined 49.47% to Rs 3331.80 crore in the quarter ended September 2024 as against Rs 6594.17 crore during the previous quarter ended September 2023. Sales rose 2.68% to Rs 13338.88 crore in the quarter ended September 2024 as against Rs 12990.58 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13338.8812990.58 3 OPM %39.5539.81 - PBDT5192.676228.05 -17 PBT4134.085223.57 -21 NP3331.806594.17 -49 Powered by Capital Market - Live

Adani Power will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded near the 25,850 mark. IT, PSU bank and auto shares advanced while metal, FMCG and realty shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 205.21 points or 0.24% to 84,504.99. The Nifty 50 index rose 41.50 points or 0.16% to 25,852.35. In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index added 0.30%. The market breadth was strong. On the BSE, 1,286 shares rose and 720 shares fell. A total of 162 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 9,791.93 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,645.80 crore in the Indian equity market on 30 September 2024, provisional data showed. Due to the observance of Mahatma Gandhi Jayanti on Wednesday, 2 October 2024, the domestic market will be closed. Economy: India's fiscal deficit remained under control during April-August, reaching 27% of the full-year target. This containment was attributed to muted spending in the early months of the fiscal year. The government's spending has been lower due to general elections. In comparison, the deficit stood at a higher 36% during the same period in FY24. Stocks in Spotlight: Tata Power Company rose 0.93%. The company will invest Rs 1.2 lakh crore in Rajasthan for power distribution, transmission and green transition. Kalpataru Projects International added 2.50% after the company received orders worth Rs 1,241 crore in the transmission and distribution business from India and the wider overseas market as well as orders regarding commercial building projects in India. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.76% to 6.869 as compared with previous close 6.865. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.8175, compared with its close of 83.7925 during the previous trading session. MCX Gold futures for 4 October 2024 settlement shed 0.09% to Rs 75,963. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 100.83. The United States 10-year bond yield fell 0.56% to 3.788. In the commodities market, Brent crude for November 2024 settlement added 8 cent or 0.11% to $71.78 a barrel. Global Markets: Asian stocks traded higher as recent two-and-a-half-year peaks on Tuesday. This followed hawkish comments from Federal Reserve Chair Jerome Powell, which dampened expectations for aggressive interest rate cuts. The U.S. dollar strengthened in response. Meanwhile, heightened tensions in the Middle East added to market uncertainty. With mainland China's financial markets closed for the remainder of the week, the recent rally in Asian markets is expected to pause. Hong Kong's Hang Seng is also closed on Tuesday. Japan reported its unemployment rate for August eased to 2.5%, down from 2.7% in July U.S. equities closed higher on Monday, recovering from earlier losses triggered by Powell's remarks. The Dow Jones Industrial Average rose by 0.04% to a record closing high of 42,330.15. The S&P 500 gained 0.42% to also reach a new record close of 5,762.48. The Nasdaq Composite added 0.38%. Investors had anticipated more aggressive rate cuts from the Federal Reserve in its final two meetings of the year. However, Powell indicated that the central bank would likely stick to quarter-point rate reductions moving forward, citing recent economic data that showed strong growth and consumer spending.Powered by Capital Market - Live

ADTPS supplies power under a long-term power purchase agreement (PPA) to the Mumbai power distribution circle of Adani Electricity Mumbai. This acquisition, which is consistent with the long term ESG risk management strategy, will enable consolidation of thermal power generation capacities of Adani portfolio companies under one umbrella to maximise synergistic benefits and leverage the company's experience and capabilities for improved operational efficiency and reliability. Total investment for the acquisition of ADTPS is Rs 815 crore, which is in the form of cash. In addition to this, the company will spend another approximately Rs 450 crore over the next five years towards life extension capex for the ADTPS power plant. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has reported 55.33% fall in consolidated net profit to Rs 3,912.79 crore in Q1 FY25 as compared to Rs 8,759.42 crore recorded in Q1 FY24. However, revenue from operations jumped 35.89% YoY to Rs 14,955.63 crore in the quarter ended 30 June 2024. The scrip rose 0.27% to end at Rs 656.05 on Monday, 30 September 2024. Powered by Capital Market - Live

Adani Power announced that Jayadeb Nanda, Chief Operating Officer (COO) of the company is superannuating as COO and Senior Management Personnel of the Company today, i.e. with effect from the close of business hours on 30 September 2024, on attaining superannuation as per terms of appointment. Powered by Capital Market - Live

Adani Power (APL) jumped 3.76% to Rs 657.35 and Adani Green Energy (AGEL) rallied 3.27% to Rs 1,846.25 on the BSE. Adani power will supply 1,496 MW (net) thermal power to Maharashtra from a new 1,600 MW Ultra-supercritical thermal power project and Adani Green Energy will also supply 5 GW (5000 MW) solar power from its renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra state. The 6600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of combined 1600 MW thermal and 5000 MW solar power. The terms of the tender permit APL to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company. APL accordingly also bid for 5000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities' respective competitive advantages and strengths in the thermal and solar power sectors. Under the terms of the Award, APL will enter into a 25-year Power Supply Agreement (PSA) with MSEDCL for supply of 1496 MW of electricity (net of auxiliary consumption) on long term basis from a new thermal power plant having installed capacity of 1600 MW (2x800 MW) to be set up utilizing UltraSupercritical technology. Power supply under the proposed PSA will commence three and a half years after the Appointed Date as defined thereunder in case of Unit 1 (800 MW) and four years in case of Unit 2 (800 MW). Sagar Adani, executive director, Adani Green Energy, said, 'We are glad to collaborate with MSEDCL to meet the states' rising energy demand through renewable sources and fulfill its RE commitments. Our goal is to accelerate India's clean energy transition. This is a crucial step towards the country's energy independence and building a sustainable future. Adani Green is well positioned to achieve the 50 GW target with secured resource rich sites in strategic locations, portfolio mix of renewables and storage solutions, robust supply chain and clear evacuation plans.' Anil Sardana, managing director, Adani Power, said 'As India advances in achieving its economic growth targets while maintaining a keen focus on sustainability, the role of conventional power in helping stabilize the grid and supplying base load power assumes greater importance. Adani Power is proud to partner a leading industrialised state like Maharashtra by becoming one of its key suppliers of reliable and competitive power from its existing and upcoming capacities, while enabling it to integrate an ever-increasing quantum of renewable energy in its grid.' Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW) including operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.Powered by Capital Market - Live

Securities ban in F&O: Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilizers and Chemicals, Granules India, Hindustan Copper, RBL Bank New Listing: Bajaj Housing Finance IPO will debut on the stock exchanges today. The IPO price band was fixed Rs 66 to 70 per share. The IPO was open between 9th to 11th September 2024. It subscribed 63.61 times. Tolins Tyres IPO will list on bourses today. The IPO price band was fixed at Rs 215 to 256 per share. The IPO was open between 9th to 11th September 2024. It subscribed 21.52 times. Kross IPO will debut on stock exchange today. The IPO price band was fixed at Rs 228 to 240 per share . The IPO was open between 9th to 11th September 2024. It subscribed 10.76 times. Stocks to Watch: Dixon Technologies (India)'s arm, Padget Electronics has signed MoU with Asus for manufacturing IT products. Central Depository Services (India) (CDSL) board has approved the appointment of Neha Vora as a managing director and chief executive officer (CEO) for five years. Laurus Labs' API manufacturing facility located at Hyderabad has completed the United States Food and Drug Administration (USFDA) inspection without any 483 observation. Trident informed that it has incorporated overseas wholly owned subsidiary named, Trident Group Enterprises Pte. in Singapore. Thermax's arm, Thermax Babcock & Wilcox Energy Solutions (TBWES) has received an international order worth Rs 516 crore for setting up another 300 MW energy project from an industrial conglomerate in Botswana, Southern Africa. Nazara Technologies' board is scheduled to meet on Wednesday, 18 September 2024 to approve fund raising by issuance of equity shares/securities of the company on preferential basis. GMR Airports Infrastructure's passenger traffic across all GMR Airports increased 9% year on year (YoY) in August 2024, to over 10.6 million passengers. Adani Green Energy's chief financial officer (CFO) Phuntsok Wangyal resigns effective from 30 September 2024. Saurabh Shah to assume the role of CFO from 1 October 2024. Adani Power received LoI of 6000 MW solar power capacity from Maharashtra state DISCOM.Powered by Capital Market - Live

The key equity indices pared losses and hit a fresh intraday high in mid-morning trade. The Nifty traded above the 25,050 mark after hitting the day's low of 24,973.65 in morning trade. Media shares advanced after declining in past three consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex added 153.32 points or 0.19% to 81,851.43. The Nifty 50 index gained 54.10 points or 0.22% to 25,064.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index gained 0.55%. The market breadth was strong. On the BSE, 2,302 shares rose and 1,445 shares fell. A total of 137 shares were unchanged. IPO update : The initial public offer (IPO) of Premier Energies received 1,89,46,389 bids for shares as against 4,46,40,825 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (27 August 2024). The issue was subscribed 0.42 times. The issue opened for bidding on 27 August 2024 and it will close on 29 August 2024. The price band of the IPO was fixed between Rs 427 to 450 per share. Buzzing Index : The Nifty Media index added 0.83% to 2,081.50. The index fell 1.70% in the past three consecutives trading sessions. Nazara Technologies (up 3.17%), Tips Industries (up 3.02%), TV18 Broadcast (up 1.85%), Network 18 Media & Investments (up 1.63%), Zee Entertainment Enterprises (up 0.59%), PVR Inox (up 0.43%), Hathway Cable & Datacom (up 0.33%) and Sun TV Network (up 0.28%) advanced. Stocks in Spotlight : Adani Power added 0.57%. The power generation company announced that it has incorporated a wholly owned subsidiary, Adani Power Middle East in Abu Dhabi. Ceigall India rallied 3.25% after the company's consolidated net profit from continued operaions stood at Rs 77.85 crore in Q1 FY25, registering a growth of 76.53% as against Rs 44.10 crore posted in Q1 FY24. Revenue from operations stood at Rs 822.39 crore in the quarter ended 30 June 2024, up 26.49% as against Rs 650.17 crore posted in corresponding quarter last year. Global Markets : Most Asian stocks declined on Tuesday, driven by rising tensions in the Middle East and concerns over global supply chains. The exchange of fire between Israel and Lebanon's Hezbollah on Sunday heightened geopolitical risks, leading investors to seek safer assets. Additionally, Canada's imposition of tariffs on Chinese electric vehicles, steel, and aluminum, mirroring similar moves by the United States and European Union, further dampened sentiment. Investors are closely watching Nvidia's earnings report for insights into AI-related investments. In the U.S., the Dow Jones Industrial Average reached a new high on Monday, recovering from a recent sell-off. However, the S&P 500 and Nasdaq Composite declined. A shift from technology stocks to other sectors was evident. Market participants are now focused on the upcoming release of the U.S. personal consumption expenditure price index (PCE) on Friday and the August payrolls report next week. Federal Reserve Chair Jerome Powell's speech on Friday signaled an imminent start to interest rate cuts, with markets fully pricing in a 25-basis-point reduction in September. Expectations for further easing in the coming months have also increased. Powered by Capital Market - Live

Adani Power Middle East was incorporated on 26 August 2024 with an authorized capital of 27,000 shares, each valued at $1. The company said that it incorporated the Abu Dhabi unit to invest in power, infrastructure, and related fields. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has reported 55.33% fall in consolidated net profit to Rs 3,912.79 crore in Q1 FY25 as compared to Rs 8,759.42 crore recorded in Q1 FY24. However, revenue from operations jumped 35.89% YoY to Rs 14,955.63 crore in the quarter ended 30 June 2024. Share of Adani Power rose 0.93% to Rs 667.55 on the BSE. Powered by Capital Market - Live

The domestic equity benchmarks ended near the flatline with some positive bias on Friday. The Nifty settled above the 24,800 level. Barring the Nifty Auto index, all the other sectoral indices on the NSE ended in red. As per provisional closing, the barometer index, the S&P BSE Sensex, rose 33.02 points or 0.04% to 81,086.21. The Nifty 50 index added 11.65 points or 0.05% to 24,823.15. In the broader market, the S&P BSE Mid-Cap index fell 0.66% and the S&P BSE Small-Cap index added 0.15 %. The market breadth was positive. On the BSE, 2,063 shares rose and 1,873 shares fell. A total of 112 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.25% to 13.55. IPO Update : The initial public offer (IPO) of Orient Technologies received 1,06,10,57,592 bids for shares as against 74,49,846 shares on offer, according to stock exchange data at 13:20 IST on Friday (21 August 2024). The issue was subscribed 142.43 times. The issue opened for bidding on Wednesday (21 August 2024) and it will close on Friday (23 August 2024). The price band of the IPO is fixed between Rs 195 to Rs 206 per share. An investor can bid for a minimum of 72 equity shares and in multiples thereof. Buzzing Index: The Nifty Auto index added 1.07% to 25,836.40. The index shed 0.09% in the past trading session. Bajaj Auto (up 4.92%), TVS Motor Company (up 2.17%), Tata Motors-DVR (up 2%), Samvardhana Motherson International (up 1.94%), Tata Motors (up 1.64%), Hero MotoCorp (up 0.97%), Mahindra & Mahindra (up 0.95%), Bosch (up 0.34%), Apollo Tyres (up 0.33%) and Maruti Suzuki India (up 0.21%) edged higher. On the other hand, Exide Industries (down 2.6%), MRF (down 0.78%) and Eicher Motors (down 0.77%) edged lower. Stocks in Spotlight: Adani Power (APL) rose 0.19%. The company said that it has received an approval from the National Company Law Tribunal (NCLT) Hyderabad Bench to acquire 100% stake in Lanco Amarkantak Power (LAPL). Sun Pharmaceutical Industries advanced 1.39% fter the company announced that it has launched Tedizolid Phosphate tablets in India under the brand name Starizo. RailTel Corporation of India jumped 5.81% after the company informed that it has received a work order worth Rs 52.66 crore from Uttar Pradesh Police Recruitment and Promotion Board for providing various services. JSW Energy fell 1.08%. The company said that its wholly owned subsidiary JSW Neo Energy has received letter of award (LoA) for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC. Jain Irrigation Systems zoomed 11% after the company signed memorandum of association of Coffee Board of India for the commercial release of high quality, disease-resistant coffee plants to growers. Jindal Saw rose 0.29%. The company's board has approved the sub division of every two equity share of face value of Rs 2 each into one equity shares having face value of Re 1 each. Poly Medicure added 3.47% after the company said that it has raised Rs 1,000 crore by way of issue of qualified institutional placement (QIP). Prism Johnson rallied 3.87% after the company announced that it has entered into a shareholders agreement for acquiring 50% of the issued and paid-up capital of Sunbath Sanitary. Global Markets: Europeans market advanced while Asian stocks ended lower on Friday as investors anticipated comments from Jerome Powell later on Friday. The yen strengthened early Friday after Japanese inflation data surpassed expectations. Government figures revealed that core CPI, which excludes volatile fresh food prices, rose 2.7% year-over-year in July, while headline CPI inflation increased by 2.8% during the same period. U.S. stocks declined on Thursday, with the S&P 500 falling 0.89% and the tech-heavy Nasdaq 100 dropping 1.67%. The Dow Jones also decreased by 0.43%. Nvidia Corp. led losses in the tech sector with a sharp 3.7% drop, while Intel Corp. fell by 6.1%. Conversely, bank stocks rose, and energy shares gained alongside rising oil prices. Notably, Peloton Interactive Inc. soared 35% after reporting earnings that exceeded estimates. Fed Chair Powell is scheduled to speak at the Jackson Hole Symposium on Friday, where he is expected to provide further insights into the central bank's plans for potential interest rate cuts. New jobless claims in the U.S. increased slightly last week but remained relatively low, suggesting a gradual slowdown in the labor market. This trend could pave the way for the Federal Reserve to begin lowering interest rates next month. Initial claims for state unemployment benefits rose by 4,000 to a seasonally adjusted 232,000 for the week ended August 17, according to the Department of Labor. Powered by Capital Market - Live