Adani Group-owned Ambuja Cements Ltd announced the acquisition of a 100 per cent stake in Penna Cement Industries (PCIL) for an enterprise value of Rs 10,400 crore for its 14mtpa of cement grinding capacity and 10.3mtpa of clinker capacity. The brokerage firm believe that this acquisition is done a cheap valuation and may make Ambuja …
Adani Group stocks have seen some strong buying interest from the investors recently. Adani stocks have gained up to 60 per cent recently, with half of the Group stocks getting a multibagger status. The ongoing week has been the best for the Gautam Adani led conglomerate ever since the damning report by Hindenburg Research was …
It was a blockbuster day for the Adani Group in the stock market as three firms of the Gautam Adani-owned business conglomerate witnessed record stock price surge by nearly 20 per cent. Three firms of the Gautam Adani-owned business conglomerate witnessed record stock price surge by nearly 20 per cent.(REUTERS) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Adani …
Thanks to robust gains in Adani Group stocks, the collective market capitalisation (m-cap) of Adani Group stocks surged by over a lakh crore in a single session on Tuesday, November 28, marking the first instance of such substantial growth since the Hindenburg episode back in January this year. Data from Capitalmarket showed that the cumulative …