Adani Energy Solutions announced that S&P Global Ratings have reaffirmed the ratings of the Adani Electricity Mumbai, a material Subsidiary of the Company at 'BBB-' and changed the outlook from 'Stable' to 'Negative. Powered by Capital Market - Live

Adani Energy Solutions Ltd lost 20% today to trade at Rs 697.7. The BSE Utilities index is down 3.6% to quote at 5528.53. The index is down 11.2 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd decreased 17.88% and Adani Power Ltd lost 13.41% on the day. The BSE Utilities index went up 44.7 % over last one year compared to the 17.14% surge in benchmark SENSEX. Adani Energy Solutions Ltd has lost 31.09% over last one month compared to 11.2% fall in BSE Utilities index and 3.59% drop in the SENSEX. On the BSE, 59087 shares were traded in the counter so far compared with average daily volumes of 1.86 lakh shares in the past one month. The stock hit a record high of Rs 1347.9 on 01 Aug 2024. The stock hit a 52-week low of Rs 697.7 on 21 Nov 2024.Powered by Capital Market - Live

Adani Energy Solutions Global, UAE, a wholly owned subsidiary of Adani Energy Solutions (AESL), has incorporated a wholly owned subsidiary company, 'Progressive Grid Networks' in Kenya as per Certificate of Incorporation received by the Company on 7 November 2024 at 6:18 PM IST. The new company will explore opportunities in power transmission projects in Kenya. Powered by Capital Market - Live

Hindalco Industries Ltd, Trent Ltd, Sobha Ltd Partly Paidup and Glenmark Pharmaceuticals Ltd are among the other losers in the BSE's 'A' group today, 07 November 2024.Adani Energy Solutions Ltd crashed 9.52% to Rs 972.9 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.84 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.Hindalco Industries Ltd tumbled 8.45% to Rs 648.4. The stock was the second biggest loser in 'A' group.On the BSE, 6.42 lakh shares were traded on the counter so far as against the average daily volumes of 1.78 lakh shares in the past one month.Trent Ltd lost 8.02% to Rs 6395.45. The stock was the third biggest loser in 'A' group.On the BSE, 1.25 lakh shares were traded on the counter so far as against the average daily volumes of 29526 shares in the past one month.Sobha Ltd Partly Paidup shed 6.84% to Rs 745. The stock was the fourth biggest loser in 'A' group.On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 82 shares in the past one month.Glenmark Pharmaceuticals Ltd plummeted 6.50% to Rs 1653.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 32770 shares were traded on the counter so far as against the average daily volumes of 10549 shares in the past one month.Powered by Capital Market - Live

Net profit of Adani Energy Solutions rose 144.66% to Rs 674.96 crore in the quarter ended September 2024 as against Rs 275.88 crore during the previous quarter ended September 2023. Sales rose 68.32% to Rs 6183.70 crore in the quarter ended September 2024 as against Rs 3673.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales6183.703673.87 68 OPM %27.7436.75 - PBDT1078.30801.92 34 PBT594.23369.87 61 NP674.96275.88 145 Powered by Capital Market - Live

Adani Energy Solutions will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Adani Energy Solutions Ltd is up for a third straight session in a row. The stock is quoting at Rs 1044.9, up 1.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25955.35. The Sensex is at 84969.64, up 0.05%. Adani Energy Solutions Ltd has dropped around 0.8% in last one month. Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has dropped around 0.14% in last one month and is currently quoting at 43370.5, up 0.83% on the day. The volume in the stock stood at 26.39 lakh shares today, compared to the daily average of 21.43 lakh shares in last one month.The PE of the stock is 332.3 based on TTM earnings ending June 24.Powered by Capital Market - Live

Adani Energy Solutions has completed acquisition of Khavda Phase IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy (RECPDCL). Khavda IVA Power Transmission, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up transformation capacity of 4,500 MVA. Khavda, the world's largest renewable energy park, with a planned generation capacity of 30 GW, will immensely contribute to India's decarbonization journey. The award of this project to AESL boosts the availability of critical transmission infrastructure required for evacuation of clean energy. The Adani Group's focused approach will also ensure the transformation of Khavda from a barren stretch of land into a landmark in India's net zero journey. AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and will commission the project in the next 24 months on BOOT (Build, Own Operate, and Transfer) basis and maintain it for the next 35 years. The company will invest ~Rs 4,091 crore to build the ~298 km (596 ckm) transmission project. The project also includes setting up of 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors. Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded above the 25,300 level. FMCG, oil & gas and IT shares advanced while media, metal and PSU bank shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex gained 211.53 points or 0.24% to 82,562.71. The Nifty 50 index added 67.05 points or 0.27% to 25,302.95. The Sensex and Nifty clocked an all-time high of 82,725.28 and 25,333.65, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index added 0.17% and the S&P BSE Small-Cap index rose 0.14%. The S&P BSE Mid-Cap index hit an all-time high at 49,306.56. The market breadth was strong. On the BSE, 2,033 shares rose and 1,063 shares fell. A total of 148 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 5,318.14 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 3,198.07 crore in the Indian equity market on 30 August 2024, provisional data showed. Stocks in Spotlight: Adani Energy Solutions added 1.23% after the company said that it has signed share purchase agreement with REC Power Development and Consultancy to buy Khavda IVA power transmission. Emami fell 2.47%. The Kolkata-based FMCG company announced the acquisition of the remaining 49.60% stake in Helios Lifestyle (Helios), which is well known for its grooming brand 'The Man Company', for a consideration of Rs 177.63 crore. Biocon rose 0.42%. The company received as establishment inspection report (EIR) from US Food and Drug Administration (USFDA) for the Visakhapatnam API facility. Meanwhile the company's arm received USFDA approval for daptomycin injection. Daptomycin is used to treat skin infections. Numbers to Track: The yield on India's 10-year benchmark federal paper jumped 1.78% to 6.985 as compared with previous close 6.863. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.8650, compared with its close of 83.8525 during the previous trading session. MCX Gold futures for 4 October 2024 settlement shed 0.16% to Rs 71,500. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.04% to 101.66. The United States 10-year bond yield rose 0.03% to 3.910. In the commodities market, Brent crude for November 2024 settlement lost 69 cents or 0.90% to $76.24 a barrel. Global Markets: Asian share markets were mildly higher on Monday as investors awaited a data-packed week, culminating in the crucial U.S. jobs report. This report could determine whether the anticipated rate cut this month will be a standard or more aggressive reduction. A Labor Day holiday in the United States and Canada contributed to thin trading conditions. Meanwhile, gains by far-right parties in German state elections added a layer of political uncertainty. Traders will be closely watching the Caixin China manufacturing PMI, due out on Monday. This follows the official gauge, which showed a fourth consecutive month of contraction in August, indicating potential challenges in meeting China's annual growth target. The country's residential property market also continued to decline last month. U.S. stocks rallied on Friday, buoyed by a report of improved consumer sentiment. This was attributed to easing inflation and expectations of Federal Reserve rate cuts, leading to optimism about personal finances. The Fed's preferred measure of underlying U.S. inflation, the core personal consumption expenditures price index, rose 0.2% month-over-month in July and 2.5% year-over-year. The Dow Jones Industrial Average closed at a new all-time high, up 0.55%. The S&P 500 gained 1.01%, reaching 5,648.40, and the tech-heavy Nasdaq Composite rose 1.13% to 17,713.62. Powered by Capital Market - Live

Securities in F&O ban: Balrampur Chini Mills Stocks to watch: Shares of auto companies will be in focus after August monthly sales announcement. Adani Energy Solutions signed share purchase agreement with REC Power Development and Consultancy to buy Khavda IVA power transmission. Fortis Healthcare will buy entire 31.52% stake held by PE investors in the material wholly owned subsidiary, Agilus Diagnostics. The company will fund this acquisition via the issuance of NCDs. Century Textiles' unit, Birla Estates in a co-development pact with LGCPL Group for a Rs 131'acre land parcel in Noida, Uttar Pradesh. Insecticides (India)'s board approved Rs 50 crore buyback at Rs 1,000 per share. The record date is set as 1 September 2024. Biocon received as establishment inspection report (EIR) from US Food and Drug Administration (USFDA) for the Visakhapatnam API facility. Meanwhile the company's arm received USFDA approval for daptomycin injection. Daptomycin is used to treat skin infections. NBCC (India)'s board has recommended the issuance of 1 bonus equity share for every 2 existing equity shares (1:2) to the eligible shareholders of the company as on the record date. The board of directors has fixed 7 October 2024 as record date. Emami to acquire the remaining 49.60% stake in Helios Lifestyle (Helios), which is well known for its grooming brand 'The Man Company', for a consideration of Rs 177.63 crore. The Anup Engineering and Graham Corporation (USA) announced a strategic partnership through a manufacturing and supply agreement, for India and International business.Powered by Capital Market - Live